Casella Waste Systems, Inc. $CWST Shares Sold by London Co. of Virginia

London Co. of Virginia decreased its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 12.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 547,044 shares of the industrial products company’s stock after selling 78,384 shares during the period. London Co. of Virginia’s holdings in Casella Waste Systems were worth $53,578,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. boosted its stake 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. Hilton Head Capital Partners LLC purchased a new stake in shares of Casella Waste Systems during the 4th quarter worth approximately $25,000. Los Angeles Capital Management LLC purchased a new stake in shares of Casella Waste Systems during the 4th quarter worth approximately $27,000. EverSource Wealth Advisors LLC boosted its stake in shares of Casella Waste Systems by 235.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 285 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 200 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Casella Waste Systems by 180.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 191 shares in the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Insiders Place Their Bets

In other Casella Waste Systems news, Director Michael K. Burke sold 2,305 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $87.56, for a total transaction of $201,825.80. Following the transaction, the director owned 14,048 shares of the company’s stock, valued at $1,230,042.88. This represents a 14.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Edmond Coletta sold 12,500 shares of the stock in a transaction on 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 transaction, the chief executive officer directly owned 140,118 shares in the company, valued at approximately $12,548,968.08. This represents a 8.19% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 3.78% of the company’s stock.

Analyst Upgrades and Downgrades

CWST has been the topic of several research analyst reports. UBS Group decreased their price target on Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Raymond James Financial reissued a “strong-buy” rating and set a $115.00 price target on shares of Casella Waste Systems in a research note on Monday, February 23rd. Zacks Research lowered Casella Waste Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 9th. JPMorgan Chase & Co. decreased their price target on Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Finally, Barclays raised Casella Waste Systems from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $101.00 to $102.00 in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Casella Waste Systems has an average rating of “Moderate Buy” and an average price target of $111.13.

Casella Waste Systems Price Performance

CWST stock opened at $86.65 on Wednesday. Casella Waste Systems, Inc. has a 1 year low of $74.05 and a 1 year high of $118.42. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.38 and a current ratio of 1.38. The stock’s 50 day moving average price is $84.58 and its 200 day moving average price is $92.25. The firm has a market cap of $5.51 billion, a P/E ratio of 787.80 and a beta of 0.77.

Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Thursday, April 30th. The industrial products company reported $0.20 earnings per share (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 firm had revenue of $457.33 million for the quarter, compared to analyst estimates of $454.49 million. During the same quarter in the prior year, the company earned $0.19 EPS. Casella Waste Systems’s revenue was up 9.6% on a year-over-year basis. On average, sell-side analysts expect that Casella Waste Systems, Inc. will post 1.12 earnings per share for the current fiscal year.

About Casella Waste Systems

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.