8,250 Shares in Casella Waste Systems, Inc. $CWST Purchased by Rithm Capital Corp.

Rithm Capital Corp. purchased a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,250 shares of the industrial products company’s stock, valued at approximately $655,000.

Several other large investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its position in shares of Casella Waste Systems by 301.6% in 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 during the period. Hilton Head Capital Partners LLC bought a new stake in shares of Casella Waste Systems during the fourth quarter valued at approximately $25,000. Los Angeles Capital Management LLC bought a new stake in shares of Casella Waste Systems during the fourth quarter valued at approximately $27,000. EverSource Wealth Advisors LLC raised its stake in shares of Casella Waste Systems by 235.3% in the second quarter. EverSource Wealth Advisors LLC now owns 285 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 200 shares in the last quarter. Finally, SHP Wealth Management acquired a new position in shares of Casella Waste Systems in the fourth quarter valued at $43,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Stock Performance

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

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.10. The firm had revenue of $457.33 million during the quarter, compared to analyst estimates of $454.49 million. Casella Waste Systems had a return on equity of 5.19% and a net margin of 0.38%.The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.19 earnings per share. As a group, analysts predict that Casella Waste Systems, Inc. will post 1.06 EPS for the current fiscal year.

Insider Activity

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

Wall Street Analyst Weigh In

Several research analysts recently commented on CWST shares. Zacks Research raised Casella Waste Systems from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 8th. TD Cowen reaffirmed a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 5th. Barclays raised shares of Casella Waste Systems from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $101.00 to $102.00 in a research note on Monday, May 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Casella Waste Systems in a research report on Friday, May 22nd. Finally, UBS Group cut their price target on shares of Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating for the company in a research note on Friday, June 26th. One equities research 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, Casella Waste Systems presently has an average rating of “Moderate Buy” and a consensus target price of $110.12.

Casella Waste Systems 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.