Teacher Retirement System of Texas Sells 2,352 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Teacher Retirement System of Texas decreased its holdings in Casella Waste Systems, Inc. (NASDAQ:CWSTFree Report) by 27.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,224 shares of the industrial products company’s stock after selling 2,352 shares during the period. Teacher Retirement System of Texas’ holdings in Casella Waste Systems were worth $532,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Allworth Financial LP boosted its stake in shares of Casella Waste Systems by 9.9% in the fourth quarter. Allworth Financial LP now owns 1,663 shares of the industrial products company’s stock worth $142,000 after acquiring an additional 150 shares during the period. Orion Portfolio Solutions LLC lifted its position in shares of Casella Waste Systems by 5.5% in the third quarter. Orion Portfolio Solutions LLC now owns 2,995 shares of the industrial products company’s stock worth $229,000 after buying an additional 156 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Casella Waste Systems by 1.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 10,013 shares of the industrial products company’s stock worth $856,000 after buying an additional 160 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Casella Waste Systems by 1.2% in the third quarter. Arizona State Retirement System now owns 15,990 shares of the industrial products company’s stock worth $1,220,000 after buying an additional 187 shares in the last quarter. Finally, Searle & CO. lifted its position in shares of Casella Waste Systems by 2.5% in the fourth quarter. Searle & CO. now owns 12,500 shares of the industrial products company’s stock worth $1,068,000 after buying an additional 300 shares in the last quarter. Institutional investors own 99.51% of the company’s stock.

Insider Transactions at Casella Waste Systems

In other news, President Edmond Coletta sold 8,271 shares of the 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 sale, the president now directly owns 168,556 shares in the company, valued at $15,220,606.80. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, President Edmond Coletta sold 8,271 shares of the 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 sale, the president now directly owns 168,556 shares in the company, valued at $15,220,606.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO John W. Casella sold 1,673 shares of the 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 sale, the chief executive officer now owns 35,189 shares in the company, valued at $3,312,340.57. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,238 shares of company stock worth $1,026,395. 4.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CWST shares. Deutsche Bank Aktiengesellschaft started coverage on Casella Waste Systems in a research report on Thursday. They issued a “hold” rating and a $106.00 target price on the stock. StockNews.com upgraded Casella Waste Systems from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. Finally, Wells Fargo & Company upped their price objective 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. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $102.00.

View Our Latest Research Report on Casella Waste Systems

Casella Waste Systems Trading Up 1.9 %

Shares of CWST stock opened at $99.75 on Monday. Casella Waste Systems, Inc. has a 1 year low of $72.97 and a 1 year high of $100.42. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.58 and a quick ratio of 1.50. The stock’s 50 day simple moving average is $95.74 and its two-hundred day simple moving average is $89.59. The company has a market cap of $5.78 billion, a PE ratio of 321.77, a price-to-earnings-growth ratio of 6.31 and a beta of 0.92.

Casella Waste Systems (NASDAQ:CWSTGet Free Report) last issued its quarterly earnings results on Friday, April 26th. The industrial products company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. Casella Waste Systems had a return on equity of 4.47% and a net margin of 1.32%. The firm had revenue of $341.00 million for the quarter, compared to the consensus estimate of $340.70 million. During the same period in the prior year, the business posted $0.10 earnings per share. The company’s revenue for the quarter was up 29.9% on a year-over-year basis. Research analysts predict that Casella Waste Systems, Inc. will post 0.79 earnings per share for the current year.

About Casella Waste Systems

(Free Report)

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.

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Institutional Ownership by Quarter for Casella Waste Systems (NASDAQ:CWST)

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