Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWSTGet Rating) by 58.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,193 shares of the industrial products company’s stock after selling 9,971 shares during the period. SG Americas Securities LLC’s holdings in Casella Waste Systems were worth $549,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CWST. JPMorgan Chase & Co. grew its holdings in Casella Waste Systems by 18.2% during the second quarter. JPMorgan Chase & Co. now owns 2,693,269 shares of the industrial products company’s stock worth $195,747,000 after acquiring an additional 414,539 shares during the period. Sei Investments Co. grew its holdings in Casella Waste Systems by 561.2% in the second quarter. Sei Investments Co. now owns 432,016 shares of the industrial products company’s stock valued at $31,399,000 after purchasing an additional 366,675 shares during the period. Wellington Management Group LLP grew its holdings in Casella Waste Systems by 269.6% in the first quarter. Wellington Management Group LLP now owns 483,413 shares of the industrial products company’s stock valued at $42,372,000 after purchasing an additional 352,620 shares during the period. Brown Advisory Inc. acquired a new stake in Casella Waste Systems in the second quarter valued at approximately $18,877,000. Finally, Jennison Associates LLC grew its holdings in Casella Waste Systems by 1,719.4% in the second quarter. Jennison Associates LLC now owns 245,513 shares of the industrial products company’s stock valued at $17,844,000 after purchasing an additional 232,019 shares during the period. 96.77% of the stock is owned by institutional investors and hedge funds.

Casella Waste Systems Stock Performance

NASDAQ CWST opened at $80.00 on Tuesday. Casella Waste Systems, Inc. has a 1-year low of $63.90 and a 1-year high of $92.75. The company has a market cap of $4.13 billion, a PE ratio of 76.92, a price-to-earnings-growth ratio of 3.29 and a beta of 0.96. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.18 and a quick ratio of 1.09. The stock’s 50 day simple moving average is $81.43 and its 200-day simple moving average is $80.33.

Casella Waste Systems (NASDAQ:CWSTGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The industrial products company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. Casella Waste Systems had a return on equity of 12.97% and a net margin of 5.10%. The firm had revenue of $295.27 million for the quarter, compared to the consensus estimate of $270.48 million. During the same quarter last year, the business posted $0.34 earnings per share. The firm’s revenue was up 22.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Casella Waste Systems, Inc. will post 1.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on CWST. Bank of America lowered Casella Waste Systems from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $87.00 to $81.00 in a report on Friday, January 13th. StockNews.com raised Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Friday, January 6th. UBS Group upgraded Casella Waste Systems from a “neutral” rating to a “buy” rating and raised their target price for the company from $90.00 to $95.00 in a research report on Tuesday, January 10th. Jefferies Financial Group restated a “buy” rating and issued a $95.00 target price on shares of Casella Waste Systems in a research report on Tuesday, October 25th. Finally, Raymond James raised their target price on Casella Waste Systems from $88.00 to $92.00 and gave the company a “strong-buy” rating in a research report on Monday, October 31st. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $90.75.

Insider Buying and Selling

In related news, CEO John W. Casella sold 19,385 shares of Casella Waste Systems stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $81.66, for a total transaction of $1,582,979.10. Following the transaction, the chief executive officer now owns 11,601 shares in the company, valued at $947,337.66. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Casella Waste Systems news, Director Douglas R. Casella sold 23,053 shares of the firm’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $81.05, for a total transaction of $1,868,445.65. Following the completion of the sale, the director now owns 158,773 shares of the company’s stock, valued at $12,868,551.65. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO John W. Casella sold 19,385 shares of the firm’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $81.66, for a total value of $1,582,979.10. Following the sale, the chief executive officer now directly owns 11,601 shares of the company’s stock, valued at approximately $947,337.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,737 shares of company stock worth $5,738,675. 5.05% of the stock is owned by corporate insiders.

Casella Waste Systems Company Profile

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Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the northeastern United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.

Further Reading

Institutional Ownership by Quarter for Casella Waste Systems (NASDAQ:CWST)

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