10,880 Casella Waste Systems, Inc. $CWST Shares Sold by Summit Creek Advisors LLC

Summit Creek Advisors LLC decreased its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 11.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 87,753 shares of the industrial products company’s stock after selling 10,880 shares during the period. Casella Waste Systems makes up about 2.8% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 5th largest position. Summit Creek Advisors LLC’s holdings in Casella Waste Systems were worth $7,051,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wasatch Advisors LP grew its stake in Casella Waste Systems by 36.8% during the second quarter. Wasatch Advisors LP now owns 3,531,594 shares of the industrial products company’s stock worth $342,459,000 after buying an additional 949,374 shares during the period. Wellington Management Group LLP increased its position in shares of Casella Waste Systems by 6.6% in the second quarter. Wellington Management Group LLP now owns 1,292,101 shares of the industrial products company’s stock worth $125,295,000 after acquiring an additional 80,299 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Casella Waste Systems by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,067,132 shares of the industrial products company’s stock valued at $84,663,000 after acquiring an additional 31,471 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Casella Waste Systems by 3.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 721,890 shares of the industrial products company’s stock valued at $58,863,000 after acquiring an additional 22,270 shares during the period. Finally, Fifth Third Bancorp raised its stake in shares of Casella Waste Systems by 5,715.3% in the 1st quarter. Fifth Third Bancorp now owns 387,531 shares of the industrial products company’s stock valued at $30,747,000 after acquiring an additional 380,867 shares during the period. 99.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Casella Waste Systems from $91.00 to $99.00 and gave the company a “neutral” rating in a report on Wednesday, October 21st. Weiss Ratings downgraded Casella Waste Systems from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 30th. Raymond James Financial reiterated a “strong-buy” rating and issued a $106.00 price target on shares of Casella Waste Systems in a report on Friday, October 9th. Barclays raised their price objective on Casella Waste Systems from $102.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Finally, UBS Group cut Casella Waste Systems from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $122.00 to $95.00 in a research note on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.80.

Casella Waste Systems Trading Down 1.8%

CWST opened at $98.21 on Friday. The firm’s 50 day moving average is $89.24 and its 200-day moving average is $90.10. Casella Waste Systems, Inc. has a 52-week low of $74.05 and a 52-week high of $107.96. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $6.25 billion, a P/E ratio of 1,091.34 and a beta of 0.71.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, August 6th. The industrial products company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. The business had revenue of $543.75 million during the quarter, compared to the consensus estimate of $526.43 million. Casella Waste Systems had a net margin of 0.29% and a return on equity of 5.32%. The business’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 earnings per share. Analysts expect that Casella Waste Systems, Inc. will post 1.22 EPS for the current fiscal year.

Insider Buying and Selling at Casella Waste Systems

In other Casella Waste Systems news, Director Douglas R. Casella sold 1,343 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $91.12, for a total value of $122,374.16. Following the completion of the transaction, the director directly owned 90,141 shares of the company’s stock, valued at $8,213,647.92. This represents a 1.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael K. Burke sold 1,100 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $95.26, for a total transaction of $104,786.00. Following the transaction, the director directly owned 13,641 shares of the company’s stock, valued at $1,299,441.66. The trade was a 7.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,700 shares of company stock worth $1,709,494 in the last ninety days. 3.78% of the stock is currently owned by insiders.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc is a regional solid waste services company founded in 1975 and headquartered in Rutland, Vermont. The company provides collection, transfer, disposal, recycling and organics services for residential, commercial, industrial and municipal customers.

Casella operates an integrated network of solid waste management assets, including transfer stations, recycling facilities, landfills, composting and organics-processing operations, and resource-recovery facilities.