240,399 Shares in Casella Waste Systems Inc. (NASDAQ:CWST) Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. bought a new stake in Casella Waste Systems Inc. (NASDAQ:CWST) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 240,399 shares of the industrial products company’s stock, valued at approximately $4,529,000. Asset Management One Co. Ltd. owned 0.57% of Casella Waste Systems at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in shares of Casella Waste Systems by 13.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,644,942 shares of the industrial products company’s stock worth $43,403,000 after acquiring an additional 322,600 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Casella Waste Systems by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,033,357 shares of the industrial products company’s stock worth $38,227,000 after buying an additional 16,972 shares during the period. Vanguard Group Inc. boosted its position in shares of Casella Waste Systems by 7.4% in the second quarter. Vanguard Group Inc. now owns 1,667,852 shares of the industrial products company’s stock worth $27,369,000 after buying an additional 115,130 shares during the period. Macquarie Group Ltd. boosted its position in shares of Casella Waste Systems by 51.3% in the third quarter. Macquarie Group Ltd. now owns 1,550,003 shares of the industrial products company’s stock worth $29,140,000 after buying an additional 525,459 shares during the period. Finally, State Street Corp boosted its position in shares of Casella Waste Systems by 7.3% in the second quarter. State Street Corp now owns 707,702 shares of the industrial products company’s stock worth $11,615,000 after buying an additional 47,955 shares during the period. Hedge funds and other institutional investors own 79.30% of the company’s stock.

In related news, Director Gregory B. Peters sold 2,500 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $19.83, for a total value of $49,575.00. Following the completion of the sale, the director now owns 96,591 shares in the company, valued at approximately $1,915,399.53. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Edmond Coletta sold 7,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $20.01, for a total transaction of $140,070.00. Following the completion of the transaction, the insider now directly owns 164,589 shares of the company’s stock, valued at $3,293,425.89. The disclosure for this sale can be found here. Insiders have sold a total of 200,524 shares of company stock valued at $4,077,303 in the last quarter. Corporate insiders own 11.47% of the company’s stock.

Casella Waste Systems Inc. (NASDAQ CWST) traded up $0.33 during midday trading on Thursday, reaching $23.50. The company’s stock had a trading volume of 94,416 shares, compared to its average volume of 213,852. The firm has a market capitalization of $988.87, a P/E ratio of -18.08 and a beta of 0.72. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of -7.91. Casella Waste Systems Inc. has a 12 month low of $11.15 and a 12 month high of $23.78.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.04. Casella Waste Systems had a negative net margin of 9.09% and a negative return on equity of 56.99%. The firm had revenue of $160.27 million during the quarter, compared to analysts’ expectations of $154.61 million. During the same quarter in the previous year, the company posted $0.18 EPS. Casella Waste Systems’s revenue was up 6.0% on a year-over-year basis. equities analysts expect that Casella Waste Systems Inc. will post 0.64 EPS for the current year.

A number of research firms recently issued reports on CWST. Zacks Investment Research cut Casella Waste Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $22.00 price objective on shares of Casella Waste Systems in a research note on Thursday, January 4th. BidaskClub upgraded Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 29th. Finally, KeyCorp restated a “buy” rating on shares of Casella Waste Systems in a research note on Friday, October 13th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Casella Waste Systems has a consensus rating of “Buy” and a consensus price target of $19.00.

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Casella Waste Systems Company Profile

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.

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

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