Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC decreased its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 20.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 749,257 shares of the industrial products company’s stock after selling 197,240 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Casella Waste Systems were worth $64,032,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CWST. Operose Advisors LLC acquired a new position in Casella Waste Systems in the 3rd quarter valued at $25,000. NBC Securities Inc. acquired a new position in Casella Waste Systems in the third quarter valued at approximately $26,000. Headlands Technologies LLC purchased a new stake in Casella Waste Systems in the 3rd quarter valued at about $26,000. Millburn Ridgefield Corp acquired a new stake in Casella Waste Systems in the 3rd quarter valued at approximately $27,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in Casella Waste Systems during the third quarter worth about $27,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Insider Transactions at Casella Waste Systems

In related news, CEO John W. Casella sold 1,673 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total value of $157,479.49. Following the completion of the sale, the chief executive officer now owns 35,189 shares of the company’s stock, valued at $3,312,340.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, President Edmond Coletta sold 8,271 shares of Casella Waste Systems stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $90.30, for a total transaction of $746,871.30. Following the completion of the sale, the president now directly owns 168,556 shares in the company, valued at approximately $15,220,606.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John W. Casella sold 1,673 shares of Casella Waste Systems stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total transaction of $157,479.49. Following the completion of the sale, the chief executive officer now directly owns 35,189 shares of the company’s stock, valued at approximately $3,312,340.57. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,238 shares of company stock worth $1,026,395. Insiders own 4.24% of the company’s stock.

Casella Waste Systems Trading Up 1.2 %

Shares of CWST stock traded up $1.16 during mid-day trading on Thursday, reaching $96.78. The company’s stock had a trading volume of 193,883 shares, compared to its average volume of 284,091. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.96. Casella Waste Systems, Inc. has a 12-month low of $72.97 and a 12-month high of $100.29. The firm has a market capitalization of $5.61 billion, a PE ratio of 308.45, a price-to-earnings-growth ratio of 5.80 and a beta of 0.92. The company’s 50 day simple moving average is $94.58 and its 200-day simple moving average is $87.67.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. Casella Waste Systems had a net margin of 1.32% and a return on equity of 4.47%. The company had revenue of $341.00 million during the quarter, compared to analyst estimates of $340.70 million. During the same period last year, the business earned $0.10 EPS. The firm’s revenue for the quarter was up 29.9% compared to the same quarter last year. On average, research analysts predict that Casella Waste Systems, Inc. will post 0.79 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Wells Fargo & Company raised their price target on Casella Waste Systems from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. StockNews.com upgraded Casella Waste Systems from a “sell” rating to a “hold” rating in a research note on Friday, February 16th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $101.50.

Casella Waste Systems Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.