Casella Waste Systems (CWST) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. cut its holdings in shares of Casella Waste Systems (NASDAQ:CWST) by 0.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 599,828 shares of the industrial products company’s stock after selling 4,000 shares during the quarter. Casella Waste Systems makes up 1.3% of Teton Advisors Inc.’s portfolio, making the stock its 9th largest position. Teton Advisors Inc. owned about 1.42% of Casella Waste Systems worth $14,024,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Deutsche Bank AG lifted its position in Casella Waste Systems by 29.2% during the 4th quarter. Deutsche Bank AG now owns 160,135 shares of the industrial products company’s stock worth $3,684,000 after buying an additional 36,235 shares in the last quarter. Eagle Boston Investment Management Inc. raised its holdings in shares of Casella Waste Systems by 4.5% in the 4th quarter. Eagle Boston Investment Management Inc. now owns 660,599 shares of the industrial products company’s stock valued at $15,206,000 after purchasing an additional 28,608 shares during the period. Two Sigma Investments LP raised its holdings in shares of Casella Waste Systems by 23.6% in the 4th quarter. Two Sigma Investments LP now owns 299,815 shares of the industrial products company’s stock valued at $6,902,000 after purchasing an additional 57,338 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Casella Waste Systems by 8.6% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 70,600 shares of the industrial products company’s stock valued at $1,625,000 after purchasing an additional 5,600 shares during the period. Finally, Standard Life Aberdeen plc bought a new stake in shares of Casella Waste Systems in the 4th quarter valued at about $51,786,000. 82.69% of the stock is currently owned by hedge funds and other institutional investors.

In related news, General Counsel David L. Schmitt sold 3,108 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $26.53, for a total value of $82,455.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman Douglas R. Casella sold 6,978 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $26.45, for a total transaction of $184,568.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,625 shares of company stock worth $3,215,250. 10.64% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on CWST. Zacks Investment Research cut shares of Casella Waste Systems from a “hold” rating to a “sell” rating in a report on Wednesday, May 9th. BidaskClub raised shares of Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 10th. ValuEngine raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Stifel Nicolaus raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Wednesday, January 24th. Finally, TheStreet raised shares of Casella Waste Systems from a “d” rating to a “c” rating in a report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $25.25.

Shares of Casella Waste Systems opened at $23.94 on Tuesday, according to MarketBeat. Casella Waste Systems has a 52 week low of $13.49 and a 52 week high of $27.50. The stock has a market capitalization of $1.01 billion, a P/E ratio of 36.04 and a beta of 0.92. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of -12.75.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Thursday, May 3rd. The industrial products company reported $0.00 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.01. Casella Waste Systems had a negative net margin of 4.16% and a negative return on equity of 53.97%. The business had revenue of $147.50 million for the quarter, compared to analyst estimates of $139.13 million. During the same quarter in the prior year, the business earned ($0.01) EPS. Casella Waste Systems’s quarterly revenue was up 10.2% on a year-over-year basis. equities analysts expect that Casella Waste Systems will post 0.71 earnings per share for the current year.

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 Region, Western Region, 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.

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

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