Russell Investments Group Ltd. Has $12.78 Million Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Russell Investments Group Ltd. lowered its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 10.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 149,482 shares of the industrial products company’s stock after selling 17,220 shares during the period. Russell Investments Group Ltd.’s holdings in Casella Waste Systems were worth $12,775,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CWST. Operose Advisors LLC acquired a new stake in shares of Casella Waste Systems during the 3rd quarter valued at $25,000. NBC Securities Inc. acquired a new stake in shares of Casella Waste Systems during the third quarter valued at about $26,000. Headlands Technologies LLC bought a new stake in shares of Casella Waste Systems during the third quarter worth about $26,000. Millburn Ridgefield Corp acquired a new position in shares of Casella Waste Systems in the third quarter valued at approximately $27,000. Finally, Catalyst Capital Advisors LLC bought a new position in Casella Waste Systems in the 3rd quarter valued at approximately $27,000. Institutional investors own 99.51% of the company’s stock.

Insider Activity at Casella Waste Systems

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 value of $746,871.30. Following the transaction, the president now directly owns 168,556 shares of the company’s stock, valued at $15,220,606.80. The sale was disclosed in a legal filing 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 firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total value of $157,479.49. Following the completion of the sale, the chief executive officer now directly owns 35,189 shares in the company, valued at $3,312,340.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Edmond Coletta sold 8,271 shares of the company’s 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 transaction, the president now 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 worth $1,026,395 in the last 90 days. Corporate insiders own 4.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Casella Waste Systems from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. StockNews.com upgraded Casella Waste Systems from a “sell” rating to a “hold” rating in a report on Friday, February 16th. One equities 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 stock. Based on data from MarketBeat.com, Casella Waste Systems presently has a consensus rating of “Buy” and an average price target of $101.50.

Casella Waste Systems Trading Up 0.1 %

NASDAQ:CWST opened at $91.62 on Friday. Casella Waste Systems, Inc. has a 52 week low of $72.97 and a 52 week high of $100.29. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.46 and a current ratio of 1.58. The firm’s fifty day moving average is $94.32 and its 200-day moving average is $87.24. The firm has a market cap of $5.31 billion, a P/E ratio of 295.55, a P/E/G ratio of 5.79 and a beta of 0.92.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Friday, April 26th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. Casella Waste Systems had a net margin of 1.32% and a return on equity of 4.47%. The business had revenue of $341.00 million for the quarter, compared to analyst estimates of $340.70 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. Casella Waste Systems’s revenue for the quarter was up 29.9% on a year-over-year basis. Equities analysts expect that Casella Waste Systems, Inc. will post 0.79 earnings per share for the current year.

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.