Mutual of America Capital Management LLC Sells 2,385 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Mutual of America Capital Management LLC reduced its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 4.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 52,179 shares of the industrial products company’s stock after selling 2,385 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Casella Waste Systems were worth $4,459,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CWST. Bank of New York Mellon Corp raised its holdings in Casella Waste Systems by 7.2% during the 1st quarter. Bank of New York Mellon Corp now owns 238,043 shares of the industrial products company’s stock worth $20,865,000 after purchasing an additional 16,077 shares during the last quarter. Private Advisor Group LLC bought a new stake in Casella Waste Systems during the 1st quarter worth about $244,000. MetLife Investment Management LLC increased its stake in shares of Casella Waste Systems by 54.9% in the 1st quarter. MetLife Investment Management LLC now owns 25,964 shares of the industrial products company’s stock valued at $2,276,000 after acquiring an additional 9,202 shares during the last quarter. Synovus Financial Corp increased its stake in shares of Casella Waste Systems by 4.3% in the 1st quarter. Synovus Financial Corp now owns 11,014 shares of the industrial products company’s stock valued at $962,000 after acquiring an additional 456 shares during the last quarter. Finally, Blair William & Co. IL bought a new stake in shares of Casella Waste Systems in the 1st quarter valued at about $453,000. 99.51% of the stock is owned by institutional investors.

Insider Activity at Casella Waste Systems

In related news, CEO John W. Casella sold 1,673 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $94.13, for a total value of $157,479.49. Following the completion of the transaction, the chief executive officer now directly owns 35,189 shares in the company, valued at approximately $3,312,340.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Casella Waste Systems news, CEO John W. Casella sold 1,673 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $94.13, for a total transaction of $157,479.49. Following the completion of the transaction, the chief executive officer now owns 35,189 shares of the company’s stock, valued at approximately $3,312,340.57. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Edmond Coletta sold 733 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $94.31, for a total value of $69,129.23. Following the transaction, the president now directly owns 170,486 shares of the company’s stock, valued at approximately $16,078,534.66. The disclosure for this sale can be found here. In the last three months, insiders sold 11,238 shares of company stock worth $1,026,395. 5.05% of the stock is owned by company insiders.

Casella Waste Systems Price Performance

Shares of CWST opened at $95.64 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.46 and a current ratio of 1.53. The stock has a 50 day simple moving average of $93.63 and a 200 day simple moving average of $85.83. Casella Waste Systems, Inc. has a 52-week low of $72.97 and a 52-week high of $100.29. The firm has a market capitalization of $5.55 billion, a PE ratio of 212.54, a P/E/G ratio of 6.18 and a beta of 0.90.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Friday, February 16th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.03). Casella Waste Systems had a net margin of 2.01% and a return on equity of 5.81%. The business had revenue of $359.57 million during the quarter, compared to analyst estimates of $360.08 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Casella Waste Systems’s revenue for the quarter was up 32.1% compared to the same quarter last year. Sell-side analysts predict that Casella Waste Systems, Inc. will post 0.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CWST has been the subject of a number of recent analyst reports. StockNews.com raised Casella Waste Systems from a “sell” rating to a “hold” rating in a research note on Friday, February 16th. Wells Fargo & Company upped their price target on Casella Waste Systems from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Casella Waste Systems presently has a consensus rating of “Buy” and an average price target of $99.71.

Casella Waste Systems Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the 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.