Steward Partners Investment Advisory LLC acquired a new position in Casella Waste Systems Inc. (NASDAQ:CWST) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,602 shares of the industrial products company’s stock, valued at approximately $222,000.
Other institutional investors have also modified their holdings of the company. NEXT Financial Group Inc acquired a new position in Casella Waste Systems in the second quarter valued at $201,000. Oak Ridge Investments LLC acquired a new position in Casella Waste Systems in the first quarter valued at $13,817,000. MetLife Investment Advisors LLC lifted its holdings in Casella Waste Systems by 16.5% in the first quarter. MetLife Investment Advisors LLC now owns 19,066 shares of the industrial products company’s stock valued at $678,000 after buying an additional 2,694 shares during the period. Tygh Capital Management Inc. lifted its holdings in Casella Waste Systems by 1.3% in the first quarter. Tygh Capital Management Inc. now owns 332,442 shares of the industrial products company’s stock valued at $11,822,000 after buying an additional 4,260 shares during the period. Finally, Gladstone Institutional Advisory LLC acquired a new position in Casella Waste Systems in the first quarter valued at $207,000. 91.01% of the stock is currently owned by institutional investors.
Shares of NASDAQ CWST opened at $45.75 on Wednesday. The firm’s 50-day moving average is $42.40. Casella Waste Systems Inc. has a 1-year low of $24.61 and a 1-year high of $47.72. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 75.00 and a beta of 0.80. The company has a quick ratio of 0.82, a current ratio of 0.88 and a debt-to-equity ratio of 5.71.
In related news, CAO Christopher Heald sold 17,851 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $38.88, for a total value of $694,046.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James F. Callahan, Jr. sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $38.53, for a total transaction of $192,650.00. Following the completion of the sale, the director now owns 65,736 shares in the company, valued at approximately $2,532,808.08. The disclosure for this sale can be found here. Insiders have sold 217,591 shares of company stock worth $9,642,016 in the last quarter. Company insiders own 9.65% of the company’s stock.
Several research firms recently issued reports on CWST. ValuEngine lowered shares of Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Zacks Investment Research lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. TheStreet upgraded shares of Casella Waste Systems from a “c” rating to a “b-” rating in a report on Wednesday, May 1st. Stifel Nicolaus upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and boosted their target price for the company from $35.00 to $40.00 in a report on Wednesday, May 1st. Finally, UBS Group upped their price objective on shares of Casella Waste Systems from $36.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $44.25.
About Casella Waste Systems
Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the northeastern United States. The company operates through Eastern, Western, Recycling, and Other segments. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers.
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