Geneva Capital Management LLC Cuts Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Geneva Capital Management LLC reduced its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 0.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 972,042 shares of the industrial products company’s stock after selling 1,310 shares during the quarter. Casella Waste Systems accounts for approximately 1.6% of Geneva Capital Management LLC’s portfolio, making the stock its 23rd biggest position. Geneva Capital Management LLC’s holdings in Casella Waste Systems were worth $83,071,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CWST. Operose Advisors LLC bought a new stake in Casella Waste Systems during the third quarter worth $25,000. NBC Securities Inc. bought a new position in Casella Waste Systems during the third quarter valued at $26,000. Headlands Technologies LLC purchased a new stake in Casella Waste Systems in the third quarter worth $26,000. Millburn Ridgefield Corp bought a new stake in shares of Casella Waste Systems in the third quarter valued at $27,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Casella Waste Systems during the 3rd quarter worth $27,000. 99.51% of the stock is owned by hedge funds and other institutional investors.

Casella Waste Systems Price Performance

CWST traded up $1.16 on Thursday, reaching $96.78. The company had a trading volume of 193,883 shares, compared to its average volume of 284,091. Casella Waste Systems, Inc. has a 52-week low of $72.97 and a 52-week high of $100.29. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.50 and a current ratio of 1.58. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 312.19, a P/E/G ratio of 5.80 and a beta of 0.92. The business has a 50 day simple moving average of $94.58 and a 200 day simple moving average of $87.67.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results on Friday, April 26th. The industrial products company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $341.00 million for the quarter, compared to the consensus estimate of $340.70 million. Casella Waste Systems had a return on equity of 4.47% and a net margin of 1.32%. The company’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same quarter last year, the business posted $0.10 earnings per share. As a group, sell-side analysts anticipate that Casella Waste Systems, Inc. will post 0.79 EPS for the current year.

Insiders Place Their Bets

In other Casella Waste Systems news, President Edmond Coletta sold 8,271 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $90.30, for a total value of $746,871.30. Following the completion of the sale, the president now directly owns 168,556 shares of the company’s stock, valued at $15,220,606.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO John W. Casella sold 1,673 shares of Casella Waste Systems stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $94.13, for a total value of $157,479.49. Following the sale, the chief executive officer now directly owns 35,189 shares in the company, valued at approximately $3,312,340.57. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Edmond Coletta sold 8,271 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $90.30, for a total value of $746,871.30. Following the completion of the sale, the president now directly owns 168,556 shares of the company’s stock, valued at approximately $15,220,606.80. The disclosure for this sale can be found here. Insiders sold a total of 11,238 shares of company stock valued at $1,026,395 over the last quarter. 4.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Casella Waste Systems from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, February 20th. StockNews.com upgraded Casella Waste Systems from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Casella Waste Systems currently has a consensus rating of “Buy” and a consensus price target of $101.50.

About Casella Waste Systems

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.