Rhumbline Advisers Increases Stock Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Rhumbline Advisers lifted its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 5.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,720 shares of the industrial products company’s stock after acquiring an additional 4,862 shares during the period. Rhumbline Advisers owned 0.14% of Casella Waste Systems worth $10,228,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its position in Casella Waste Systems by 26,511.4% during the 1st quarter. GAMMA Investing LLC now owns 145,298 shares of the industrial products company’s stock worth $16,202,000 after purchasing an additional 144,752 shares during the last quarter. Moody National Bank Trust Division grew its holdings in shares of Casella Waste Systems by 20.7% during the first quarter. Moody National Bank Trust Division now owns 10,229 shares of the industrial products company’s stock worth $1,141,000 after buying an additional 1,753 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Casella Waste Systems by 7.2% during the fourth quarter. California State Teachers Retirement System now owns 58,277 shares of the industrial products company’s stock worth $6,166,000 after buying an additional 3,910 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Casella Waste Systems by 8.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 45,432 shares of the industrial products company’s stock worth $4,807,000 after buying an additional 3,456 shares during the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of Casella Waste Systems by 4.3% during the fourth quarter. Mackenzie Financial Corp now owns 3,516 shares of the industrial products company’s stock worth $372,000 after buying an additional 146 shares during the last quarter. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. TD Cowen assumed coverage on Casella Waste Systems in a research note on Wednesday, April 9th. They issued a “buy” rating and a $130.00 target price on the stock. Stifel Nicolaus lifted their price objective on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Cowen reiterated a “buy” rating on shares of Casella Waste Systems in a research report on Friday. William Blair reaffirmed an “outperform” rating on shares of Casella Waste Systems in a report on Friday, February 14th. Finally, Raymond James reaffirmed a “strong-buy” rating on shares of Casella Waste Systems in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $122.67.

Casella Waste Systems Price Performance

Shares of NASDAQ CWST opened at $116.97 on Tuesday. The firm has a market capitalization of $7.42 billion, a P/E ratio of 508.57, a PEG ratio of 3.86 and a beta of 0.86. Casella Waste Systems, Inc. has a one year low of $91.01 and a one year high of $121.24. The company’s fifty day moving average is $115.05 and its two-hundred day moving average is $111.33. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00.

Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Thursday, May 1st. The industrial products company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.11 by $0.08. The company had revenue of $417.10 million for the quarter, compared to analyst estimates of $403.64 million. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. The business’s revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 EPS. Analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Insider Transactions at Casella Waste Systems

In other Casella Waste Systems news, SVP Paul Ligon sold 2,000 shares of the stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $118.67, for a total transaction of $237,340.00. Following the sale, the senior vice president now owns 20,347 shares in the company, valued at approximately $2,414,578.49. This represents a 8.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Edmond Coletta sold 5,562 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $119.18, for a total value of $662,879.16. Following the sale, the president now owns 150,093 shares in the company, valued at approximately $17,888,083.74. This trade represents a 3.57% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.81% of the company’s stock.

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.