Parametric Portfolio Associates LLC trimmed its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 6.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,803 shares of the industrial products company’s stock after selling 5,764 shares during the quarter. Parametric Portfolio Associates LLC owned 0.21% of Casella Waste Systems worth $1,457,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. American International Group Inc. grew its stake in shares of Casella Waste Systems by 7.1% in the first quarter. American International Group Inc. now owns 23,804 shares of the industrial products company’s stock valued at $336,000 after buying an additional 1,570 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Casella Waste Systems by 18.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 84,100 shares of the industrial products company’s stock valued at $1,381,000 after buying an additional 13,000 shares in the last quarter. American Century Companies Inc. acquired a new stake in shares of Casella Waste Systems in the second quarter valued at about $1,213,000. Nationwide Fund Advisors grew its stake in shares of Casella Waste Systems by 104.5% in the second quarter. Nationwide Fund Advisors now owns 117,208 shares of the industrial products company’s stock valued at $1,923,000 after buying an additional 59,881 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Casella Waste Systems in the second quarter valued at about $411,000. Institutional investors own 76.80% of the company’s stock.
In other Casella Waste Systems news, Director Gregory B. Peters sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $19.83, for a total transaction of $49,575.00. Following the completion of the sale, the director now owns 96,591 shares in the company, valued at approximately $1,915,399.53. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Edmond Coletta sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $20.01, for a total value of $140,070.00. Following the sale, the insider now owns 164,589 shares of the company’s stock, valued at approximately $3,293,425.89. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,433 shares of company stock valued at $1,960,021. 11.50% of the stock is owned by insiders.
Shares of Casella Waste Systems, Inc. (NASDAQ CWST) opened at $19.44 on Tuesday. Casella Waste Systems, Inc. has a 12 month low of $11.15 and a 12 month high of $20.90. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of -7.91. The firm has a market capitalization of $814.79, a P/E ratio of 31.77 and a beta of 0.69.
Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. Casella Waste Systems had a negative return on equity of 56.99% and a negative net margin of 9.09%. The firm had revenue of $160.27 million during the quarter, compared to analyst estimates of $154.61 million. During the same quarter last year, the firm earned $0.18 EPS. Casella Waste Systems’s quarterly revenue was up 6.0% on a year-over-year basis. equities research analysts forecast that Casella Waste Systems, Inc. will post 0.64 earnings per share for the current year.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Casella Waste Systems from a “sell” rating to a “hold” rating and set a $22.00 target price for the company in a research note on Tuesday, November 7th. KeyCorp reiterated a “buy” rating on shares of Casella Waste Systems in a research note on Friday, November 3rd. Stifel Nicolaus lowered Casella Waste Systems from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a research note on Wednesday, October 4th. Finally, BidaskClub upgraded Casella Waste Systems from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.50.
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About Casella Waste Systems
Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. It manages its solid waste operations on a geographic basis through two regional operating segments: Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations through its Recycling segment.
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