Benjamin F. Edwards & Company Inc. Grows Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Benjamin F. Edwards & Company Inc. lifted its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,013 shares of the industrial products company’s stock after buying an additional 160 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Casella Waste Systems were worth $856,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Casella Waste Systems by 25.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,005 shares of the industrial products company’s stock worth $916,000 after purchasing an additional 2,444 shares during the period. Strs Ohio lifted its position in Casella Waste Systems by 617.2% during the third quarter. Strs Ohio now owns 45,900 shares of the industrial products company’s stock worth $3,502,000 after buying an additional 39,500 shares during the period. Park Avenue Securities LLC acquired a new stake in Casella Waste Systems in the 3rd quarter worth about $457,000. TD Asset Management Inc grew its holdings in Casella Waste Systems by 51.3% in the 3rd quarter. TD Asset Management Inc now owns 33,094 shares of the industrial products company’s stock valued at $2,525,000 after buying an additional 11,216 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Casella Waste Systems by 2.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,713,604 shares of the industrial products company’s stock valued at $130,748,000 after acquiring an additional 42,434 shares during the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on CWST shares. Wells Fargo & Company upped their price target on shares of Casella Waste Systems from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 20th. StockNews.com raised Casella Waste Systems from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $101.50.

Insiders Place Their Bets

In other news, CEO John W. Casella sold 1,673 shares of Casella Waste Systems stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $94.13, for a total transaction of $157,479.49. Following the sale, the chief executive officer now directly owns 35,189 shares of the company’s stock, valued at $3,312,340.57. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO John W. Casella sold 1,673 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $94.13, for a total transaction of $157,479.49. Following the completion of the transaction, the chief executive officer now directly owns 35,189 shares in the company, valued at approximately $3,312,340.57. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Edmond Coletta sold 733 shares of Casella Waste Systems stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $94.31, for a total transaction of $69,129.23. Following the completion of the sale, the president now owns 170,486 shares of the company’s stock, valued at approximately $16,078,534.66. The disclosure for this sale can be found here. Insiders have sold 11,238 shares of company stock worth $1,026,395 in the last quarter. 4.24% of the stock is owned by corporate insiders.

Casella Waste Systems Stock Performance

NASDAQ:CWST opened at $95.35 on Wednesday. Casella Waste Systems, Inc. has a twelve month low of $72.97 and a twelve month high of $100.29. The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of 307.58, a PEG ratio of 5.80 and a beta of 0.92. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.96. The firm’s fifty day simple moving average is $94.47 and its 200 day simple moving average is $87.61.

Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Friday, April 26th. The industrial products company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. Casella Waste Systems had a return on equity of 4.47% and a net margin of 1.32%. The company had revenue of $341.00 million during the quarter, compared to the consensus estimate of $340.70 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The company’s revenue was up 29.9% compared to the same quarter last year. As a group, equities research analysts expect that Casella Waste Systems, Inc. will post 0.79 earnings per share for the current fiscal year.

About Casella Waste Systems

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.