Teton Advisors Inc. Sells 4,800 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Teton Advisors Inc. decreased its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 15.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,100 shares of the industrial products company’s stock after selling 4,800 shares during the period. Teton Advisors Inc.’s holdings in Casella Waste Systems were worth $2,316,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. lifted its position in Casella Waste Systems by 41.5% during the third quarter. Ameriprise Financial Inc. now owns 1,953,863 shares of the industrial products company’s stock valued at $149,080,000 after buying an additional 572,792 shares during the period. Brown Advisory Inc. lifted its position in Casella Waste Systems by 45.9% during the 4th quarter. Brown Advisory Inc. now owns 1,311,917 shares of the industrial products company’s stock valued at $112,116,000 after acquiring an additional 412,812 shares during the period. London Co. of Virginia lifted its position in Casella Waste Systems by 160.8% during the 3rd quarter. London Co. of Virginia now owns 567,747 shares of the industrial products company’s stock valued at $43,319,000 after acquiring an additional 350,046 shares during the period. Norges Bank bought a new stake in Casella Waste Systems during the fourth quarter worth about $25,106,000. Finally, Global Alpha Capital Management Ltd. purchased a new stake in Casella Waste Systems in the fourth quarter worth about $17,921,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Insider Buying and Selling at Casella Waste Systems

In other news, President Edmond Coletta sold 733 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $94.31, for a total transaction of $69,129.23. Following the completion of the transaction, the president now directly owns 170,486 shares of the company’s stock, valued at $16,078,534.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, President Edmond Coletta sold 733 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $94.31, for a total value of $69,129.23. Following the sale, the president now owns 170,486 shares in the company, valued at $16,078,534.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John W. Casella sold 1,673 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total transaction of $157,479.49. Following the sale, the chief executive officer now owns 35,189 shares of the company’s stock, valued at $3,312,340.57. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,238 shares of company stock worth $1,026,395. Company insiders own 4.24% of the company’s stock.

Analyst Upgrades and Downgrades

CWST has been the topic of a number of analyst reports. StockNews.com raised Casella Waste Systems from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. Wells Fargo & Company boosted their target price on Casella Waste Systems from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. One equities research analyst has 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. Based on data from MarketBeat, Casella Waste Systems has a consensus rating of “Buy” and a consensus price target of $99.71.

Casella Waste Systems Stock Up 0.8 %

NASDAQ CWST traded up $0.76 during mid-day trading on Monday, reaching $90.82. The stock had a trading volume of 301,865 shares, compared to its average volume of 290,959. The stock has a market cap of $5.27 billion, a PE ratio of 292.97, a price-to-earnings-growth ratio of 5.84 and a beta of 0.90. Casella Waste Systems, Inc. has a 1 year low of $72.97 and a 1 year high of $100.29. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.53 and a quick ratio of 1.46. The company has a fifty day moving average price of $94.35 and a 200 day moving average price of $87.01.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Thursday, April 25th. The industrial products company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02. The firm had revenue of $341.00 million during the quarter, compared to analysts’ expectations of $340.70 million. Casella Waste Systems had a return on equity of 4.48% and a net margin of 1.32%. The company’s revenue was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 earnings per share. On average, research analysts expect that Casella Waste Systems, Inc. will post 0.77 earnings per share for the current year.

Casella Waste Systems 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.