Casella Waste Systems, Inc. (CWST) Shares Sold by Walthausen & Co. LLC

Walthausen & Co. LLC lowered its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 18.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 757,330 shares of the industrial products company’s stock after selling 166,180 shares during the period. Casella Waste Systems accounts for approximately 1.3% of Walthausen & Co. LLC’s holdings, making the stock its 20th biggest holding. Walthausen & Co. LLC owned 1.80% of Casella Waste Systems worth $14,238,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its position in shares of Casella Waste Systems by 42.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 291,400 shares of the industrial products company’s stock worth $4,782,000 after purchasing an additional 86,562 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of Casella Waste Systems by 140.9% during the 2nd quarter. Macquarie Group Ltd. now owns 1,024,544 shares of the industrial products company’s stock valued at $16,813,000 after buying an additional 599,264 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Casella Waste Systems by 18.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 84,100 shares of the industrial products company’s stock valued at $1,381,000 after buying an additional 13,000 shares during the last quarter. State Street Corp grew its position in shares of Casella Waste Systems by 7.3% during the 2nd quarter. State Street Corp now owns 707,702 shares of the industrial products company’s stock valued at $11,615,000 after buying an additional 47,955 shares during the last quarter. Finally, Nationwide Fund Advisors grew its position in shares of Casella Waste Systems by 104.5% during the 2nd quarter. Nationwide Fund Advisors now owns 117,208 shares of the industrial products company’s stock valued at $1,923,000 after buying an additional 59,881 shares during the last quarter. 79.30% of the stock is owned by institutional investors.

In other news, VP Christopher Heald sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $20.25, for a total value of $30,375.00. Following the completion of the sale, the vice president now directly owns 71,451 shares of the company’s stock, valued at approximately $1,446,882.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John W. Casella sold 62,433 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $19.31, for a total transaction of $1,205,581.23. Following the completion of the sale, the chief executive officer now directly owns 472,112 shares of the company’s stock, valued at $9,116,482.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 117,933 shares of company stock valued at $2,245,196. Company insiders own 11.47% of the company’s stock.

CWST has been the subject of a number of recent research reports. KeyCorp reaffirmed a “buy” rating on shares of Casella Waste Systems in a research report on Friday, November 3rd. BidaskClub raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research raised shares of Casella Waste Systems from a “sell” rating to a “hold” rating and set a $22.00 price objective for the company in a research report on Tuesday, November 7th. Finally, Stifel Nicolaus lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a research note on Wednesday, October 4th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $18.00.

Casella Waste Systems, Inc. (NASDAQ CWST) opened at $21.00 on Tuesday. The company has a debt-to-equity ratio of -7.91, a quick ratio of 0.91 and a current ratio of 0.98. The stock has a market cap of $885.01, a PE ratio of 34.51 and a beta of 0.73. Casella Waste Systems, Inc. has a one year low of $11.15 and a one year high of $21.72.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $160.27 million during the quarter, compared to analyst estimates of $154.61 million. Casella Waste Systems had a negative net margin of 9.09% and a negative return on equity of 56.99%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 EPS. equities research analysts predict that Casella Waste Systems, Inc. will post 0.64 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for Casella Waste Systems (NASDAQ:CWST)

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