Aristotle Capital Boston LLC Has $16.85 Million Stake in Casella Waste Systems, Inc. $CWST

Aristotle Capital Boston LLC decreased its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 9.6% during the 4th quarter, HoldingsChannel reports. The fund owned 172,046 shares of the industrial products company’s stock after selling 18,242 shares during the period. Aristotle Capital Boston LLC’s holdings in Casella Waste Systems were worth $16,850,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CWST. Hilton Head Capital Partners LLC acquired a new stake in shares of Casella Waste Systems during the 4th quarter valued at $25,000. Geneos Wealth Management Inc. boosted its holdings 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 valued at $27,000 after acquiring an additional 184 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings 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 valued at $27,000 after acquiring an additional 191 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Casella Waste Systems during the 4th quarter valued at $27,000. Finally, EverSource Wealth Advisors LLC raised its position in 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 purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Insider Activity

In other news, Director Michael K. Burke sold 2,305 shares of Casella Waste Systems stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $87.56, for a total value 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 legal filing with the SEC, which is accessible through this link. Also, CEO Edmond Coletta sold 12,500 shares of Casella Waste Systems stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 140,118 shares of the company’s stock, valued at approximately $12,548,968.08. This trade represents a 8.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 3.78% of the company’s stock.

Casella Waste Systems Stock Performance

CWST stock opened at $86.10 on Thursday. The stock has a 50-day moving average price of $84.58 and a 200-day moving average price of $92.18. Casella Waste Systems, Inc. has a 1-year low of $74.05 and a 1-year 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 cap of $5.48 billion, a PE ratio of 782.80 and a beta of 0.77.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.20 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $454.49 million. During the same period last year, the company posted $0.19 EPS. The business’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, equities research analysts expect that Casella Waste Systems, Inc. will post 1.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CWST. Raymond James Financial reaffirmed a “strong-buy” rating and set a $115.00 target price on shares of Casella Waste Systems in a research report on Monday, February 23rd. TD Cowen reaffirmed a “buy” rating on shares of Casella Waste Systems in a research report on Friday, June 5th. JPMorgan Chase & Co. lowered their target price on 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. UBS Group lowered their target price on 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. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Casella Waste Systems in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Casella Waste Systems has a consensus rating of “Moderate Buy” and a consensus target price of $111.13.

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.