Mirae Asset Global Investments Co. Ltd. Buys 1,075 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Mirae Asset Global Investments Co. Ltd. lifted its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 4.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,772 shares of the industrial products company’s stock after purchasing an additional 1,075 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Casella Waste Systems were worth $2,202,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Operose Advisors LLC bought a new position in Casella Waste Systems during the third quarter worth about $25,000. NBC Securities Inc. bought a new stake in shares of Casella Waste Systems in the third quarter valued at about $26,000. Headlands Technologies LLC bought a new stake in shares of Casella Waste Systems in the third quarter valued at about $26,000. Millburn Ridgefield Corp bought a new stake in shares of Casella Waste Systems in the third quarter valued at about $27,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Casella Waste Systems in the third quarter valued at about $27,000. 99.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Casella Waste Systems news, President Edmond Coletta sold 8,271 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $90.30, for a total transaction of $746,871.30. Following the transaction, the president now owns 168,556 shares of the company’s stock, valued at $15,220,606.80. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Casella Waste Systems 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 transaction of $157,479.49. Following the transaction, the chief executive officer now owns 35,189 shares of the company’s stock, valued at $3,312,340.57. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, President Edmond Coletta sold 8,271 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $90.30, for a total value of $746,871.30. Following the transaction, the president now directly owns 168,556 shares in the company, valued at approximately $15,220,606.80. The disclosure for this sale can be found here. Insiders have sold a total of 11,238 shares of company stock valued at $1,026,395 over the last 90 days. 4.75% of the stock is currently owned by insiders.

Casella Waste Systems Price Performance

NASDAQ:CWST opened at $93.43 on Friday. 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’s 50-day simple moving average is $94.06 and its 200 day simple moving average is $86.17. The company has a market cap of $5.42 billion, a P/E ratio of 207.63, a P/E/G ratio of 6.00 and a beta of 0.90. Casella Waste Systems, Inc. has a 52-week low of $72.97 and a 52-week high of $100.29.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on CWST shares. StockNews.com upgraded Casella Waste Systems from a “sell” rating to a “hold” rating in a report on Friday, February 16th. Wells Fargo & Company lifted their target price on 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 research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Casella Waste Systems 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.