Teachers Retirement System of The State of Kentucky Has $1.23 Million Position in Casella Waste Systems, Inc. $CWST

Teachers Retirement System of The State of Kentucky reduced its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 32.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 15,500 shares of the industrial products company’s stock after selling 7,341 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Casella Waste Systems were worth $1,230,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CWST. Hilton Head Capital Partners LLC acquired a new position in shares of Casella Waste Systems during the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. grew 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 valued at $27,000 after acquiring an additional 184 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Casella Waste Systems during the 4th quarter worth about $27,000. EverSource Wealth Advisors LLC increased 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 purchasing an additional 200 shares during the last quarter. Finally, SHP Wealth Management bought a new stake in shares of Casella Waste Systems in the 4th quarter valued at about $43,000. Institutional investors own 99.51% of the company’s stock.

Insider Buying and Selling at Casella Waste Systems

In other news, Director Michael K. Burke sold 2,305 shares of Casella Waste Systems 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 completion of the sale, the director 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Edmond Coletta sold 12,500 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $89.56, for a total transaction of $1,119,500.00. Following the completion of the sale, the chief executive officer directly owned 140,118 shares of the company’s stock, valued at approximately $12,548,968.08. The trade was a 8.19% decrease in their position. The SEC filing for this sale provides additional information. 3.78% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CWST shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Casella Waste Systems in a research note on Friday, May 22nd. TD Cowen restated a “buy” rating on shares of Casella Waste Systems in a research note on Friday, June 5th. Barclays raised Casella Waste Systems from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $101.00 to $102.00 in a research report on Monday, May 4th. Zacks Research upgraded Casella Waste Systems from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 8th. Finally, UBS Group dropped their price target on Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating on the stock in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $110.12.

Casella Waste Systems Trading Down 0.2%

Shares of NASDAQ:CWST opened at $96.31 on Thursday. Casella Waste Systems, Inc. has a 12-month low of $74.05 and a 12-month high of $111.80. The stock has a market cap of $6.13 billion, a PE ratio of 875.63 and a beta of 0.74. The business has a 50 day moving average of $89.31 and a 200-day moving average of $91.59. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.72.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, April 30th. The industrial products company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. The company had revenue of $457.33 million for 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 firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 earnings per share. As a group, equities research analysts forecast that Casella Waste Systems, Inc. will post 1.13 earnings per share for the current year.

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.