Skylands Capital LLC lowered its position in shares of Casella Waste Systems Inc. (NASDAQ:CWST) by 24.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 763,200 shares of the industrial products company’s stock after selling 252,295 shares during the period. Casella Waste Systems comprises about 2.3% of Skylands Capital LLC’s portfolio, making the stock its 7th biggest position. Skylands Capital LLC owned about 1.82% of Casella Waste Systems worth $17,569,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. BNP Paribas Arbitrage SA lifted its holdings in Casella Waste Systems by 206.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,309 shares of the industrial products company’s stock worth $120,000 after buying an additional 4,922 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Casella Waste Systems during the 2nd quarter worth about $186,000. Tudor Investment Corp ET AL lifted its holdings in Casella Waste Systems by 24.5% during the 2nd quarter. Tudor Investment Corp ET AL now owns 13,374 shares of the industrial products company’s stock worth $219,000 after buying an additional 2,633 shares during the period. Voya Investment Management LLC acquired a new position in Casella Waste Systems during the 2nd quarter worth about $274,000. Finally, AXA lifted its holdings in Casella Waste Systems by 24.7% during the 2nd quarter. AXA now owns 22,690 shares of the industrial products company’s stock worth $372,000 after buying an additional 4,500 shares during the period. Institutional investors and hedge funds own 79.30% of the company’s stock.
Several research analysts have commented on the company. Zacks Investment Research downgraded Casella Waste Systems from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $22.00 target price on shares of Casella Waste Systems in a report on Thursday, January 4th. BidaskClub raised Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, December 29th. Finally, KeyCorp reaffirmed a “buy” rating on shares of Casella Waste Systems in a report on Friday, October 13th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $19.00.
Shares of Casella Waste Systems Inc. (NASDAQ:CWST) traded up $0.25 during trading hours on Tuesday, hitting $23.75. The stock had a trading volume of 143,400 shares, compared to its average volume of 206,022. The firm has a market cap of $998.54, a P/E ratio of -18.27 and a beta of 0.72. The company has a debt-to-equity ratio of -7.91, a current ratio of 0.98 and a quick ratio of 0.91. Casella Waste Systems Inc. has a 12 month low of $11.15 and a 12 month high of $23.86.
Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $160.27 million for the quarter, compared to the consensus estimate of $154.61 million. Casella Waste Systems had a negative return on equity of 56.99% and a negative net margin of 9.09%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 EPS. research analysts predict that Casella Waste Systems Inc. will post 0.64 EPS for the current fiscal year.
In other news, Director James F. Callahan, Jr. sold 15,000 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $21.00, for a total value of $315,000.00. Following the transaction, the director now directly owns 78,102 shares of the company’s stock, valued at approximately $1,640,142. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John W. Casella sold 62,433 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $19.31, for a total value of $1,205,581.23. Following the completion of the transaction, the chief executive officer now directly owns 472,112 shares in the company, valued at $9,116,482.72. The disclosure for this sale can be found here. Insiders sold a total of 200,524 shares of company stock worth $4,077,303 over the last three months. 11.47% of the stock is owned by company insiders.
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About Casella Waste Systems
Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. It manages its solid waste operations on a geographic basis through two regional operating segments: Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations through its Recycling segment.
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