Boothbay Fund Management LLC Acquires 18,896 Shares of Casella Waste Systems, Inc. $CWST

Boothbay Fund Management LLC boosted its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 26.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,045 shares of the industrial products company’s stock after acquiring an additional 18,896 shares during the period. Boothbay Fund Management LLC’s holdings in Casella Waste Systems were worth $8,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in shares of Casella Waste Systems by 41.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 337 shares of the industrial products company’s stock valued at $33,000 after buying an additional 98 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of Casella Waste Systems by 3.9% during the third quarter. Mackenzie Financial Corp now owns 3,975 shares of the industrial products company’s stock valued at $377,000 after buying an additional 149 shares during the last quarter. First Horizon Corp lifted its position in shares of Casella Waste Systems by 48.6% during the fourth quarter. First Horizon Corp now owns 489 shares of the industrial products company’s stock valued at $48,000 after buying an additional 160 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Casella Waste Systems by 301.6% during the first 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 during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Casella Waste Systems by 180.2% during the third quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock valued at $27,000 after buying an additional 191 shares during the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Casella Waste Systems Stock Performance

CWST opened at $86.10 on Thursday. Casella Waste Systems, Inc. has a 12-month low of $74.05 and a 12-month high of $118.42. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $5.48 billion, a PE ratio of 782.80 and a beta of 0.77. The firm has a 50 day moving average of $84.58 and a two-hundred day moving average of $92.18.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. Casella Waste Systems had a net margin of 0.38% and a return on equity of 5.19%. The company had revenue of $457.33 million during the quarter, compared to analyst estimates of $454.49 million. During the same period last year, the firm posted $0.19 EPS. Casella Waste Systems’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, analysts anticipate that Casella Waste Systems, Inc. will post 1.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on CWST. Barclays raised shares of Casella Waste Systems from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $101.00 to $102.00 in a research report on Monday, May 4th. Zacks Research lowered shares of Casella Waste Systems from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. JPMorgan Chase & Co. decreased their price target on shares of Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, February 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of Casella Waste Systems in a research report on Friday, May 22nd. Finally, UBS Group decreased their price target on shares of Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $111.13.

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.