Wealth Enhancement Advisory Services LLC Sells 2,830 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Wealth Enhancement Advisory Services LLC reduced its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 6.2% in the 1st quarter, HoldingsChannel reports. The firm owned 42,602 shares of the industrial products company’s stock after selling 2,830 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Casella Waste Systems were worth $4,751,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in Casella Waste Systems by 16.4% during the 4th quarter. Signaturefd LLC now owns 802 shares of the industrial products company’s stock valued at $85,000 after purchasing an additional 113 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in Casella Waste Systems by 2.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,388 shares of the industrial products company’s stock valued at $676,000 after purchasing an additional 134 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Casella Waste Systems by 4.3% during the 4th quarter. Mackenzie Financial Corp now owns 3,516 shares of the industrial products company’s stock valued at $372,000 after purchasing an additional 146 shares during the last quarter. Covestor Ltd lifted its holdings in Casella Waste Systems by 124.4% during the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 153 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in Casella Waste Systems by 1.3% during the 4th quarter. Captrust Financial Advisors now owns 12,267 shares of the industrial products company’s stock valued at $1,298,000 after purchasing an additional 156 shares during the last quarter. 99.51% of the stock is owned by institutional investors.

Insider Transactions at Casella Waste Systems

In other news, SVP Paul Ligon sold 2,000 shares of Casella Waste Systems stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $118.67, for a total transaction of $237,340.00. Following the completion of the sale, the senior vice president now owns 20,347 shares in the company, valued at $2,414,578.49. The trade was a 8.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Edmond Coletta sold 5,562 shares of Casella Waste Systems stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $119.18, for a total transaction of $662,879.16. Following the sale, the president now owns 150,093 shares of the company’s stock, valued at approximately $17,888,083.74. This represents a 3.57% decrease in their position. The disclosure for this sale can be found here. 3.81% of the stock is owned by corporate insiders.

Casella Waste Systems Trading Down 2.8%

CWST opened at $114.42 on Thursday. The company has a current ratio of 1.96, a quick ratio of 1.87 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $7.26 billion, a PE ratio of 520.11, a PEG ratio of 4.30 and a beta of 0.86. Casella Waste Systems, Inc. has a 1-year low of $91.01 and a 1-year high of $121.24. The firm has a 50-day moving average price of $116.32 and a two-hundred day moving average price of $111.72.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.08. The firm had revenue of $417.10 million during the quarter, compared to analysts’ expectations of $403.64 million. Casella Waste Systems had a net margin of 0.79% and a return on equity of 4.69%. The company’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 EPS. As a group, equities analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Raymond James Financial reissued a “strong-buy” rating on shares of Casella Waste Systems in a report on Wednesday, April 16th. Cowen reissued a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 6th. UBS Group raised their price objective on shares of Casella Waste Systems from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, April 11th. Finally, TD Cowen started coverage on shares of Casella Waste Systems in a research report on Wednesday, April 9th. They issued a “buy” rating and a $130.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $122.67.

Casella Waste Systems Company Profile

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.