Geneva Capital Management LLC Sells 1,376 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Geneva Capital Management LLC cut its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 0.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,024,155 shares of the industrial products company’s stock after selling 1,376 shares during the quarter. Casella Waste Systems makes up approximately 2.1% of Geneva Capital Management LLC’s investment portfolio, making the stock its 16th largest holding. Geneva Capital Management LLC owned approximately 1.62% of Casella Waste Systems worth $114,204,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. LPL Financial LLC grew its stake in shares of Casella Waste Systems by 37.9% in the fourth quarter. LPL Financial LLC now owns 25,067 shares of the industrial products company’s stock valued at $2,652,000 after acquiring an additional 6,888 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Casella Waste Systems by 19.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 8,733 shares of the industrial products company’s stock valued at $924,000 after acquiring an additional 1,408 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Casella Waste Systems by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 1,446,875 shares of the industrial products company’s stock valued at $153,129,000 after acquiring an additional 15,917 shares in the last quarter. Huntington National Bank grew its stake in shares of Casella Waste Systems by 171.6% in the fourth quarter. Huntington National Bank now owns 364 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 230 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Casella Waste Systems by 12.0% in the fourth quarter. Wells Fargo & Company MN now owns 100,764 shares of the industrial products company’s stock valued at $10,662,000 after acquiring an additional 10,758 shares in the last quarter. 99.51% of the stock is owned by institutional investors.

Insider Buying and Selling at Casella Waste Systems

In other news, President Edmond Coletta sold 5,562 shares of the firm’s stock in a transaction that occurred 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 directly owned 150,093 shares in the company, valued at approximately $17,888,083.74. This trade represents a 3.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.81% of the company’s stock.

Casella Waste Systems Trading Down 5.3%

Shares of Casella Waste Systems stock opened at $102.98 on Monday. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 572.11, a PEG ratio of 4.04 and a beta of 0.83. The company has a quick ratio of 1.87, a current ratio of 1.96 and a debt-to-equity ratio of 0.72. Casella Waste Systems, Inc. has a 12-month low of $91.01 and a 12-month high of $121.24. The firm’s 50-day moving average price is $113.55 and its two-hundred day moving average price is $112.48.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.98%. The firm had revenue of $465.33 million for the quarter, compared to the consensus estimate of $454.01 million. During the same period in the prior year, the company posted $0.22 earnings per share. The business’s revenue for the quarter was up 23.4% on a year-over-year basis. On average, analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on CWST shares. Cowen restated a “buy” rating on shares of Casella Waste Systems in a research note on Friday, June 6th. UBS Group upped their price target on shares of Casella Waste Systems from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, April 11th. William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a research note on Tuesday, July 15th. TD Cowen assumed coverage on shares of Casella Waste Systems in a research note on Wednesday, April 9th. They set a “buy” rating and a $130.00 price objective on the stock. Finally, Raymond James Financial reduced their price objective on shares of Casella Waste Systems from $135.00 to $129.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, July 22nd. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Casella Waste Systems presently has a consensus rating of “Moderate Buy” and an average target price of $123.83.

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.