Fenimore Asset Management Inc. Sells 3,500 Shares of Casella Waste Systems Inc. (NASDAQ:CWST)

Fenimore Asset Management Inc. lessened its stake in Casella Waste Systems Inc. (NASDAQ:CWST) by 1.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 183,942 shares of the industrial products company’s stock after selling 3,500 shares during the quarter. Fenimore Asset Management Inc. owned 0.40% of Casella Waste Systems worth $7,290,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the stock. Dorsey Wright & Associates lifted its stake in Casella Waste Systems by 33.3% during the second quarter. Dorsey Wright & Associates now owns 1,028 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 257 shares during the last quarter. Connable Office Inc. increased its holdings in shares of Casella Waste Systems by 4.0% in the first quarter. Connable Office Inc. now owns 9,195 shares of the industrial products company’s stock valued at $327,000 after purchasing an additional 356 shares during the period. California Public Employees Retirement System increased its holdings in shares of Casella Waste Systems by 0.4% in the first quarter. California Public Employees Retirement System now owns 111,984 shares of the industrial products company’s stock valued at $3,982,000 after purchasing an additional 493 shares during the period. Legal & General Group Plc increased its holdings in shares of Casella Waste Systems by 9.2% in the fourth quarter. Legal & General Group Plc now owns 7,288 shares of the industrial products company’s stock valued at $207,000 after purchasing an additional 615 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Casella Waste Systems by 1.1% in the first quarter. First Trust Advisors LP now owns 125,600 shares of the industrial products company’s stock valued at $4,466,000 after purchasing an additional 1,365 shares during the period. Hedge funds and other institutional investors own 91.01% of the company’s stock.

A number of brokerages recently weighed in on CWST. BidaskClub raised Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. TheStreet raised Casella Waste Systems from a “c” rating to a “b-” rating in a report on Wednesday, May 1st. Zacks Investment Research lowered Casella Waste Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Stifel Nicolaus upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and upped their price target for the stock from $35.00 to $40.00 in a research note on Wednesday, May 1st. Finally, ValuEngine lowered Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $44.25.

In other Casella Waste Systems news, VP Christopher Heald bought 8,012 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average price of $12.48 per share, with a total value of $99,989.76. Following the completion of the transaction, the vice president now directly owns 50,361 shares in the company, valued at approximately $628,505.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James F. Callahan, Jr. sold 5,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $38.53, for a total value of $192,650.00. Following the completion of the sale, the director now directly owns 65,736 shares of the company’s stock, valued at approximately $2,532,808.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 190,002 shares of company stock worth $8,586,603. 9.65% of the stock is owned by insiders.

Shares of NASDAQ CWST opened at $45.19 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.88 and a debt-to-equity ratio of 5.71. The business has a 50 day moving average price of $42.63 and a two-hundred day moving average price of $37.74. Casella Waste Systems Inc. has a fifty-two week low of $24.61 and a fifty-two week high of $47.72. The firm has a market cap of $2.18 billion, a PE ratio of 74.08 and a beta of 0.80.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. Casella Waste Systems had a return on equity of 76.51% and a net margin of 2.69%. The business had revenue of $187.46 million for the quarter, compared to the consensus estimate of $184.08 million. During the same quarter last year, the business posted $0.22 EPS. The business’s revenue was up 13.2% on a year-over-year basis. On average, analysts anticipate that Casella Waste Systems Inc. will post 0.83 earnings per share for the current year.

Casella Waste Systems Company Profile

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

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

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