Oak Ridge Investments LLC reduced its holdings in Casella Waste Systems Inc. (NASDAQ:CWST) by 11.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 300,734 shares of the industrial products company’s stock after selling 39,646 shares during the period. Casella Waste Systems makes up about 1.2% of Oak Ridge Investments LLC’s investment portfolio, making the stock its 23rd biggest position. Oak Ridge Investments LLC owned approximately 0.63% of Casella Waste Systems worth $11,747,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Americana Partners LLC acquired a new position in Casella Waste Systems in the fourth quarter valued at approximately $52,000. First Bank & Trust lifted its holdings in Casella Waste Systems by 407.1% in the fourth quarter. First Bank & Trust now owns 1,562 shares of the industrial products company’s stock valued at $72,000 after buying an additional 1,254 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Casella Waste Systems by 26.3% in the first quarter. PNC Financial Services Group Inc. now owns 2,019 shares of the industrial products company’s stock valued at $78,000 after buying an additional 421 shares during the period. Great West Life Assurance Co. Can acquired a new position in Casella Waste Systems in the fourth quarter valued at approximately $135,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Casella Waste Systems by 45.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,874 shares of the industrial products company’s stock valued at $151,000 after buying an additional 1,208 shares during the period. Institutional investors and hedge funds own 93.28% of the company’s stock.

Several equities analysts recently weighed in on the stock. BidaskClub upgraded shares of Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 12th. TheStreet downgraded shares of Casella Waste Systems from a “b-” rating to a “c+” rating in a research note on Wednesday, March 25th. Stifel Nicolaus upped their target price on shares of Casella Waste Systems from $45.00 to $47.00 and gave the company a “hold” rating in a research note on Monday, May 11th. UBS Group lowered their target price on shares of Casella Waste Systems from $53.00 to $48.00 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Finally, Zacks Investment Research raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Casella Waste Systems currently has an average rating of “Buy” and a consensus price target of $52.00.

In other news, Director William P. Hulligan sold 5,000 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $48.75, for a total transaction of $243,750.00. Following the completion of the sale, the director now owns 27,031 shares of the company’s stock, valued at $1,317,761.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Edwin D. Johnson sold 5,647 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $53.01, for a total transaction of $299,347.47. Following the sale, the chief operating officer now directly owns 370,764 shares of the company’s stock, valued at approximately $19,654,199.64. The disclosure for this sale can be found here. Insiders have sold 77,806 shares of company stock valued at $3,899,988 in the last three months. 7.71% of the stock is owned by insiders.

Shares of CWST stock traded up $1.55 during trading hours on Wednesday, hitting $53.59. 18,720 shares of the company were exchanged, compared to its average volume of 258,939. The business has a 50 day moving average of $47.22 and a two-hundred day moving average of $47.15. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 5.25. Casella Waste Systems Inc. has a 52 week low of $34.35 and a 52 week high of $56.14. The company has a market capitalization of $2.46 billion, a PE ratio of 72.28 and a beta of 1.02.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Thursday, May 7th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.08. Casella Waste Systems had a net margin of 4.50% and a return on equity of 39.01%. The company had revenue of $182.91 million during the quarter, compared to the consensus estimate of $180.38 million. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. The firm’s revenue was up 11.8% compared to the same quarter last year. On average, research analysts forecast that Casella Waste Systems Inc. will post 0.54 EPS for the current year.

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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