Capital International Inc. CA Has $4.40 Million Stock Holdings in Casella Waste Systems, Inc. $CWST

Capital International Inc. CA increased its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 37.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,330 shares of the industrial products company’s stock after acquiring an additional 12,729 shares during the period. Capital International Inc. CA owned about 0.07% of Casella Waste Systems worth $4,396,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in Casella Waste Systems by 57.7% during the first quarter. AQR Capital Management LLC now owns 9,283 shares of the industrial products company’s stock worth $1,035,000 after purchasing an additional 3,395 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Casella Waste Systems by 1,601.9% in the 1st quarter. Jones Financial Companies Lllp now owns 5,412 shares of the industrial products company’s stock worth $603,000 after buying an additional 5,094 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Casella Waste Systems by 3,226.1% during the 1st quarter. Jane Street Group LLC now owns 69,849 shares of the industrial products company’s stock worth $7,789,000 after buying an additional 67,749 shares during the period. Geneos Wealth Management Inc. boosted its stake in Casella Waste Systems by 301.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after buying an additional 184 shares in the last quarter. Finally, Bank of Montreal Can grew its position in Casella Waste Systems by 26.4% in the second quarter. Bank of Montreal Can now owns 7,550 shares of the industrial products company’s stock valued at $871,000 after acquiring an additional 1,575 shares during the period. Institutional investors and hedge funds own 99.51% of the company’s stock.

Analysts Set New Price Targets

CWST has been the subject of a number of analyst reports. Jefferies Financial Group set a $120.00 price objective on Casella Waste Systems and gave the company a “buy” rating in a report on Tuesday, January 6th. Raymond James Financial reissued a “strong-buy” rating and set a $115.00 price target on shares of Casella Waste Systems in a report on Monday, February 23rd. Barclays upped their price objective on shares of Casella Waste Systems from $95.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. UBS Group cut their target price on shares of Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Zacks Research upgraded Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $113.11.

Insider Activity

In other news, CAO Kevin Drohan sold 675 shares of the business’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $92.61, for a total transaction of $62,511.75. Following the completion of the sale, the chief accounting officer owned 7,462 shares in the company, valued at $691,055.82. The trade was a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John W. Casella sold 6,726 shares of the business’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $93.10, for a total value of $626,190.60. Following the sale, the chief executive officer owned 27,989 shares of the company’s stock, valued at approximately $2,605,775.90. The trade was a 19.37% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 11,213 shares of company stock valued at $1,045,887. Company insiders own 3.81% of the company’s stock.

Casella Waste Systems Trading Down 1.1%

Shares of NASDAQ CWST opened at $88.23 on Thursday. Casella Waste Systems, Inc. has a 1-year low of $82.22 and a 1-year high of $121.24. The company has a 50-day moving average of $100.18 and a two-hundred day moving average of $95.53. The company has a market cap of $5.60 billion, a PE ratio of 735.31 and a beta of 0.80. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results on Thursday, February 19th. The industrial products company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.22 by $0.08. Casella Waste Systems had a net margin of 0.43% and a return on equity of 5.17%. The business had revenue of $469.06 million for the quarter, compared to analysts’ expectations of $471.32 million. During the same period in the prior year, the firm earned $0.41 earnings per share. Casella Waste Systems’s revenue was up 9.7% compared to the same quarter last year. As a group, equities analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Casella Waste Systems Profile

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.