Strs Ohio Has $4.78 Million Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Strs Ohio increased its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 21.8% during the fourth quarter, HoldingsChannel reports. The fund owned 55,900 shares of the industrial products company’s stock after buying an additional 10,000 shares during the period. Strs Ohio’s holdings in Casella Waste Systems were worth $4,777,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. First Republic Investment Management Inc. raised its holdings in shares of Casella Waste Systems by 1.1% during the second quarter. First Republic Investment Management Inc. now owns 11,951 shares of the industrial products company’s stock worth $869,000 after acquiring an additional 131 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Casella Waste Systems by 42.2% during the third quarter. Public Employees Retirement System of Ohio now owns 475 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 141 shares during the period. Allworth Financial LP raised its holdings in shares of Casella Waste Systems by 11.0% during the third quarter. Allworth Financial LP now owns 1,513 shares of the industrial products company’s stock worth $115,000 after acquiring an additional 150 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Casella Waste Systems by 1.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 9,155 shares of the industrial products company’s stock worth $828,000 after acquiring an additional 151 shares during the period. Finally, Orion Portfolio Solutions LLC raised its holdings in shares of Casella Waste Systems by 5.5% during the third quarter. Orion Portfolio Solutions LLC now owns 2,995 shares of the industrial products company’s stock worth $229,000 after acquiring an additional 156 shares during the period. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, President Edmond Coletta sold 8,271 shares of Casella Waste Systems stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $90.30, for a total transaction of $746,871.30. Following the completion of the sale, the president now owns 168,556 shares of the company’s stock, valued at approximately $15,220,606.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, President Edmond Coletta sold 8,271 shares of Casella Waste Systems stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $90.30, for a total transaction of $746,871.30. Following the completion of the sale, the president now owns 168,556 shares of the company’s stock, valued at approximately $15,220,606.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John W. Casella sold 1,673 shares of Casella Waste Systems stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $94.13, for a total transaction of $157,479.49. Following the sale, the chief executive officer now directly owns 35,189 shares of the company’s stock, valued at approximately $3,312,340.57. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,238 shares of company stock valued at $1,026,395. Company insiders own 4.75% of the company’s stock.

Casella Waste Systems Stock Performance

Shares of CWST opened at $92.37 on Friday. The firm has a 50-day moving average of $93.98 and a 200-day moving average of $86.05. Casella Waste Systems, Inc. has a one year low of $72.97 and a one year high of $100.29. The company has a market cap of $5.36 billion, a PE ratio of 205.27, a price-to-earnings-growth ratio of 6.12 and a beta of 0.90. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.53 and a quick ratio of 1.46.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Friday, February 16th. The industrial products company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $359.57 million during the quarter, compared to the consensus estimate of $360.08 million. During the same period last year, the business earned $0.18 EPS. The business’s revenue was up 32.1% on a year-over-year basis. As a group, equities analysts forecast that Casella Waste Systems, Inc. will post 0.77 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on CWST. StockNews.com raised shares of Casella Waste Systems from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. Wells Fargo & Company raised their target price on shares of Casella Waste Systems from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $99.71.

About Casella Waste Systems

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.