Teton Advisors Inc. Reduces Position in Casella Waste Systems Inc. (NASDAQ:CWST)

Teton Advisors Inc. decreased its holdings in Casella Waste Systems Inc. (NASDAQ:CWST) by 14.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 511,053 shares of the industrial products company’s stock after selling 87,375 shares during the period. Casella Waste Systems comprises approximately 2.0% of Teton Advisors Inc.’s investment portfolio, making the stock its 2nd biggest holding. Teton Advisors Inc.’s holdings in Casella Waste Systems were worth $20,253,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in shares of Casella Waste Systems by 47.3% during the fourth quarter. Bank of America Corp DE now owns 139,936 shares of the industrial products company’s stock valued at $3,986,000 after purchasing an additional 44,920 shares during the period. Legal & General Group Plc increased its holdings in shares of Casella Waste Systems by 9.2% during the fourth quarter. Legal & General Group Plc now owns 7,288 shares of the industrial products company’s stock valued at $207,000 after purchasing an additional 615 shares during the period. FMR LLC increased its holdings in shares of Casella Waste Systems by 3,567.0% during the fourth quarter. FMR LLC now owns 6,894 shares of the industrial products company’s stock valued at $196,000 after purchasing an additional 6,706 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Casella Waste Systems by 25.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 49,760 shares of the industrial products company’s stock valued at $1,770,000 after purchasing an additional 10,235 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Casella Waste Systems by 386.2% during the first quarter. BNP Paribas Arbitrage SA now owns 9,068 shares of the industrial products company’s stock valued at $322,000 after purchasing an additional 7,203 shares during the period. Institutional investors own 91.01% of the company’s stock.

In other news, Director Joseph Doody sold 2,262 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $45.55, for a total transaction of $103,034.10. Following the completion of the sale, the director now directly owns 94,416 shares of the company’s stock, valued at approximately $4,300,648.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel David L. Schmitt sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $47.12, for a total value of $471,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 190,002 shares of company stock valued at $8,586,603 over the last 90 days. Corporate insiders own 9.65% of the company’s stock.

Shares of NASDAQ:CWST traded up $0.36 during midday trading on Friday, reaching $45.55. The company had a trading volume of 224,500 shares, compared to its average volume of 374,035. 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 cap of $2.15 billion, a price-to-earnings ratio of 74.67 and a beta of 0.80. The company has a debt-to-equity ratio of 5.71, a quick ratio of 0.82 and a current ratio of 0.88. The company has a fifty day simple moving average of $42.77 and a two-hundred day simple moving average of $37.78.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.02. Casella Waste Systems had a return on equity of 76.51% and a net margin of 2.69%. The firm had revenue of $187.46 million during the quarter, compared to analyst estimates of $184.08 million. During the same period last year, the company posted $0.22 EPS. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. Analysts expect that Casella Waste Systems Inc. will post 0.83 EPS for the current year.

A number of brokerages have recently commented on CWST. UBS Group raised their price target on Casella Waste Systems from $36.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. ValuEngine lowered Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Raymond James raised their price target on Casella Waste Systems from $43.00 to $52.00 and gave the company a “strong-buy” rating in a report on Monday, August 5th. Stifel Nicolaus raised Casella Waste Systems from a “hold” rating to a “buy” rating and lifted their target price for the stock from $35.00 to $40.00 in a report on Wednesday, May 1st. Finally, TheStreet raised Casella Waste Systems from a “c” rating to a “b-” rating in a report on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $44.25.

Casella Waste Systems Company Profile

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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Institutional Ownership by Quarter for Casella Waste Systems (NASDAQ:CWST)

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