Tudor Investment Corp ET AL Invests $741,000 in Casella Waste Systems, Inc. $CWST

Tudor Investment Corp ET AL bought a new position in Casella Waste Systems, Inc. (NASDAQ:CWST) during the third quarter, according to its most recent filing with the SEC. The firm bought 7,811 shares of the industrial products company’s stock, valued at approximately $741,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CWST. Smartleaf Asset Management LLC lifted its stake in shares of Casella Waste Systems by 180.2% in the third quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock valued at $27,000 after buying an additional 191 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Casella Waste Systems by 301.6% during the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 184 shares in the last quarter. First Horizon Corp bought a new stake in shares of Casella Waste Systems during the third quarter worth about $31,000. EverSource Wealth Advisors LLC raised its holdings in shares of Casella Waste Systems by 235.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 285 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 200 shares during the last quarter. Finally, Optiver Holding B.V. lifted its position in Casella Waste Systems by 280.0% in the 3rd quarter. Optiver Holding B.V. now owns 399 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 294 shares in the last quarter. Institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Stock Performance

Shares of CWST opened at $79.34 on Wednesday. Casella Waste Systems, Inc. has a 1 year low of $74.05 and a 1 year high of $121.24. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. The stock’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 cap of $5.04 billion, a PE ratio of 661.22 and a beta of 0.80.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Raymond James Financial reaffirmed a “strong-buy” rating and set a $115.00 price objective on shares of Casella Waste Systems in a report on Monday, February 23rd. Weiss Ratings cut shares of Casella Waste Systems from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, February 23rd. UBS Group reduced their price objective on shares of Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Zacks Research upgraded shares of Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Finally, JPMorgan Chase & Co. cut their target price on Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $113.11.

Insider Activity

In related news, CAO Kevin Drohan sold 675 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $92.61, for a total transaction of $62,511.75. Following the sale, the chief accounting officer owned 7,462 shares of the company’s stock, valued at approximately $691,055.82. This represents a 8.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Edmond Coletta sold 3,812 shares of Casella Waste Systems stock in a transaction on Friday, February 27th. The shares were sold at an average price of $93.70, for a total value of $357,184.40. Following the sale, the president directly owned 147,091 shares of the company’s stock, valued at $13,782,426.70. This represents a 2.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,830 shares of company stock valued at $1,454,208 over the last ninety days. 3.81% of the stock is owned by insiders.

Casella Waste Systems 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.