Dimensional Fund Advisors LP Has $91.28 Million Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Dimensional Fund Advisors LP decreased its stake in Casella Waste Systems, Inc. (NASDAQ:CWST – Get Rating) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,150,860 shares of the industrial products company’s stock after selling 40,527 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.23% of Casella Waste Systems worth $91,277,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CWST. Public Employees Retirement System of Ohio boosted its stake in Casella Waste Systems by 42.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 475 shares of the industrial products company’s stock valued at $36,000 after buying an additional 141 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Casella Waste Systems in the 3rd quarter valued at $45,000. Heritage Wealth Advisors acquired a new stake in Casella Waste Systems in the 4th quarter valued at $58,000. Belpointe Asset Management LLC acquired a new stake in Casella Waste Systems in the 4th quarter valued at $79,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Casella Waste Systems in the 4th quarter valued at $202,000. Institutional investors and hedge funds own 96.77% of the company’s stock.

Insider Transactions at Casella Waste Systems

In other news, VP Shelley E. Sayward sold 494 shares of the business’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $75.65, for a total transaction of $37,371.10. Following the completion of the sale, the vice president now owns 14,146 shares in the company, valued at $1,070,144.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, VP Shelley E. Sayward sold 494 shares of the company’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $75.65, for a total value of $37,371.10. Following the completion of the sale, the vice president now owns 14,146 shares in the company, valued at $1,070,144.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Edmond Coletta sold 16,135 shares of the company’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $75.65, for a total value of $1,220,612.75. Following the completion of the sale, the chief financial officer now owns 165,382 shares of the company’s stock, valued at approximately $12,511,148.30. The disclosure for this sale can be found here. Insiders sold a total of 17,498 shares of company stock worth $1,323,724 over the last 90 days. 4.75% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on CWST shares. Bank of America boosted their price target on Casella Waste Systems from $79.00 to $89.00 in a research note on Monday, May 1st. Stifel Nicolaus boosted their price objective on Casella Waste Systems from $94.00 to $103.00 in a research note on Monday, May 15th. Raymond James reduced their price objective on Casella Waste Systems from $92.00 to $90.00 and set a “strong-buy” rating on the stock in a research note on Thursday, February 23rd. Finally, StockNews.com began coverage on Casella Waste Systems in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $94.40.

Casella Waste Systems Trading Down 0.6 %

CWST stock opened at $93.57 on Tuesday. The company has a market cap of $4.86 billion, a P/E ratio of 92.64, a PEG ratio of 5.26 and a beta of 0.92. Casella Waste Systems, Inc. has a twelve month low of $63.90 and a twelve month high of $95.78. The company has a quick ratio of 1.20, a current ratio of 1.29 and a debt-to-equity ratio of 1.15. The business has a fifty day moving average of $86.20 and a 200-day moving average of $82.40.

Casella Waste Systems (NASDAQ:CWST – Get Rating) last released its earnings results on Friday, April 28th. The industrial products company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The company had revenue of $262.60 million during the quarter, compared to the consensus estimate of $255.14 million. Casella Waste Systems had a return on equity of 11.61% and a net margin of 4.71%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 earnings per share. As a group, equities research analysts expect that Casella Waste Systems, Inc. will post 1.2 EPS for the current year.

About Casella Waste Systems

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Casella Waste Systems, Inc engages in the provision of solid waste management. It operates through the Eastern Region and Western Region geographical segments. The Eastern region segment involves the transfer, landfill, processing, and recycling assets serviced by collection operations. The Western region segment consists of waste sheds in western New York, which include the Ithaca, Elmira, Oneonta, Lowville, Potsdam, Geneva, Auburn, Rochester, Dunkirk, Jamestown and Olean markets.