First Trust Advisors LP boosted its stake in shares of Casella Waste Systems Inc. (NASDAQ:CWST) by 1.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 125,600 shares of the industrial products company’s stock after purchasing an additional 1,365 shares during the period. First Trust Advisors LP’s holdings in Casella Waste Systems were worth $4,466,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE bought a new stake in Casella Waste Systems during the first quarter valued at about $27,000. NEXT Financial Group Inc bought a new stake in Casella Waste Systems during the fourth quarter valued at about $129,000. Great West Life Assurance Co. Can raised its holdings in Casella Waste Systems by 45.0% during the first quarter. Great West Life Assurance Co. Can now owns 5,946 shares of the industrial products company’s stock valued at $211,000 after acquiring an additional 1,846 shares during the period. CAPROCK Group Inc. bought a new stake in Casella Waste Systems during the first quarter valued at about $220,000. Finally, Advisory Services Network LLC raised its holdings in Casella Waste Systems by 133.5% during the fourth quarter. Advisory Services Network LLC now owns 6,616 shares of the industrial products company’s stock valued at $188,000 after acquiring an additional 3,783 shares during the period. Institutional investors own 90.23% of the company’s stock.

Several brokerages have recently issued reports on CWST. Zacks Investment Research raised Casella Waste Systems from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Tuesday, May 7th. BidaskClub cut Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a report on Tuesday. TheStreet raised Casella Waste Systems from a “c” rating to a “b-” rating in a report on Wednesday, May 1st. Finally, UBS Group lifted their target price on Casella Waste Systems from $31.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. Casella Waste Systems presently has a consensus rating of “Buy” and an average target price of $39.25.

In other news, General Counsel David L. Schmitt sold 10,000 shares of Casella Waste Systems stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $37.23, for a total value of $372,300.00. Following the sale, the general counsel now directly owns 25,959 shares of the company’s stock, valued at $966,453.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Christopher Heald sold 17,851 shares of Casella Waste Systems stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $38.88, for a total value of $694,046.88. The disclosure for this sale can be found here. Insiders sold 415,251 shares of company stock worth $15,599,854 over the last ninety days. Insiders own 9.65% of the company’s stock.

Shares of CWST stock opened at $38.61 on Thursday. Casella Waste Systems Inc. has a 12-month low of $24.28 and a 12-month high of $40.08. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 6.53. The stock has a market capitalization of $1.80 billion, a PE ratio of 64.52 and a beta of 0.86.

Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Tuesday, April 30th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). Casella Waste Systems had a return on equity of 390.60% and a net margin of 1.27%. The firm had revenue of $163.70 million for the quarter, compared to analysts’ expectations of $161.77 million. Casella Waste Systems’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, analysts predict that Casella Waste Systems Inc. will post 0.81 EPS for the current year.

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About Casella Waste Systems

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the northeastern United States. The company operates through Eastern, Western, Recycling, and Other segments. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers.

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Institutional Ownership by Quarter for Casella Waste Systems (NASDAQ:CWST)

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