Caxton Associates LLP Invests $500,000 in Casella Waste Systems, Inc. $CWST

Caxton Associates LLP purchased a new position in Casella Waste Systems, Inc. (NASDAQ:CWST) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,300 shares of the industrial products company’s stock, valued at approximately $500,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CWST. AQR Capital Management LLC grew 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 buying an additional 3,395 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Casella Waste Systems by 1,601.9% during the 1st quarter. Jones Financial Companies Lllp now owns 5,412 shares of the industrial products company’s stock worth $603,000 after acquiring an additional 5,094 shares during the period. Jane Street Group LLC boosted 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 acquiring an additional 67,749 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Casella Waste Systems by 301.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 184 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Casella Waste Systems in the second quarter valued at approximately $63,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Stock Performance

NASDAQ CWST opened at $89.30 on Tuesday. The firm’s fifty day moving average price is $90.43 and its two-hundred day moving average price is $91.15. The stock has a market cap of $5.68 billion, a PE ratio of 811.89 and a beta of 0.74. Casella Waste Systems, Inc. has a fifty-two week low of $74.05 and a fifty-two week high of $111.48. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.38 and a current ratio of 1.38.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.10. Casella Waste Systems had a return on equity of 5.19% and a net margin of 0.38%.The company had revenue of $457.33 million during the quarter, compared to analysts’ expectations of $454.49 million. During the same period in the prior year, the company earned $0.19 EPS. Casella Waste Systems’s revenue was up 9.6% compared to the same quarter last year. On average, equities analysts expect that Casella Waste Systems, Inc. will post 1.06 EPS for the current fiscal year.

Insider Transactions at Casella Waste Systems

In other Casella Waste Systems news, CEO Edmond Coletta sold 12,500 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $89.56, for a total value of $1,119,500.00. Following the completion of the transaction, the chief executive officer owned 140,118 shares of the company’s stock, valued at $12,548,968.08. This represents a 8.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael K. Burke sold 2,305 shares of Casella Waste Systems stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $87.56, for a total value of $201,825.80. Following the sale, the director directly owned 14,048 shares in the company, valued at $1,230,042.88. The trade was a 14.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.78% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barclays upgraded shares of Casella Waste Systems from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $101.00 to $102.00 in a research report on Monday, May 4th. UBS Group decreased their price target on Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating on the stock in a research note on Friday, June 26th. Weiss Ratings reissued a “sell (d)” rating on shares of Casella Waste Systems in a report on Friday, May 22nd. Zacks Research upgraded Casella Waste Systems from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 8th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Casella Waste Systems in a research note on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued 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 presently has an average rating of “Moderate Buy” and an average price target of $110.12.

Casella Waste Systems Company 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.