J. Safra Sarasin Holding AG Purchases New Position in Casella Waste Systems, Inc. $CWST

J. Safra Sarasin Holding AG acquired a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 56,978 shares of the industrial products company’s stock, valued at approximately $5,580,000. J. Safra Sarasin Holding AG owned about 0.09% of Casella Waste Systems at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Dakota Wealth Management acquired a new position in shares of Casella Waste Systems in the 4th quarter worth approximately $301,000. Curated Wealth Partners LLC grew its position in Casella Waste Systems by 15.1% during the 4th quarter. Curated Wealth Partners LLC now owns 2,891 shares of the industrial products company’s stock worth $283,000 after acquiring an additional 380 shares during the last quarter. SG Americas Securities LLC increased its holdings in Casella Waste Systems by 103.4% during the 4th quarter. SG Americas Securities LLC now owns 24,268 shares of the industrial products company’s stock valued at $2,377,000 after purchasing an additional 12,334 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Casella Waste Systems during the 4th quarter valued at $409,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in Casella Waste Systems by 3.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 43,041 shares of the industrial products company’s stock valued at $4,446,000 after purchasing an additional 1,425 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Insider Transactions at Casella Waste Systems

In other news, CFO Bradford John Helgeson sold 405 shares of Casella Waste Systems stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $87.73, for a total transaction of $35,530.65. Following the completion of the sale, the chief financial officer owned 7,342 shares in the company, valued at $644,113.66. The trade was a 5.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John W. Casella sold 1,744 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $87.77, for a total transaction of $153,070.88. Following the sale, the director directly owned 30,795 shares of the company’s stock, valued at approximately $2,702,877.15. This trade represents a 5.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 15,830 shares of company stock valued at $1,454,208. 3.81% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CWST has been the topic of a number of recent analyst reports. Raymond James Financial reissued a “strong-buy” rating and issued a $115.00 price objective on shares of Casella Waste Systems in a research note on Monday, February 23rd. Barclays lifted their price target on Casella Waste Systems from $95.00 to $101.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. Zacks Research upgraded shares of Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Jefferies Financial Group set a $120.00 price objective on shares of Casella Waste Systems and gave the stock a “buy” rating in a report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $113.11.

Casella Waste Systems Stock Up 1.2%

Shares of CWST opened at $79.34 on Wednesday. The business’s fifty day moving average price is $94.58 and its two-hundred day moving average price is $94.12. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 661.22 and a beta of 0.80. Casella Waste Systems, Inc. has a 52 week low of $74.05 and a 52 week high of $121.24. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Thursday, February 19th. The industrial products company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. Casella Waste Systems had a return on equity of 5.17% and a net margin of 0.43%.The company had revenue of $469.06 million during the quarter, compared to the consensus estimate of $471.32 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. On average, analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.