TimesSquare Capital Management LLC Sells 197,240 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

TimesSquare Capital Management LLC reduced its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 20.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 749,257 shares of the industrial products company’s stock after selling 197,240 shares during the period. TimesSquare Capital Management LLC owned 1.29% of Casella Waste Systems worth $64,032,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CWST. Operose Advisors LLC acquired a new stake in Casella Waste Systems during the third quarter worth about $25,000. NBC Securities Inc. acquired a new stake in Casella Waste Systems during the 3rd quarter valued at approximately $26,000. Headlands Technologies LLC bought a new stake in Casella Waste Systems during the third quarter valued at $26,000. Millburn Ridgefield Corp acquired a new stake in Casella Waste Systems during the third quarter worth approximately $27,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Casella Waste Systems in the 3rd quarter valued at $27,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Stock Up 1.2 %

CWST traded up $1.16 during trading on Thursday, hitting $96.78. 193,883 shares of the company’s stock traded hands, compared to its average volume of 284,091. The stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of 308.45, a PEG ratio of 5.80 and a beta of 0.92. The company has a current ratio of 1.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.96. Casella Waste Systems, Inc. has a 12-month low of $72.97 and a 12-month high of $100.29. The company’s 50 day simple moving average is $94.58 and its two-hundred day simple moving average is $87.67.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Friday, April 26th. The industrial products company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $341.00 million during the quarter, compared to analyst estimates of $340.70 million. Casella Waste Systems had a return on equity of 4.47% and a net margin of 1.32%. Casella Waste Systems’s revenue was up 29.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 EPS. Analysts predict that Casella Waste Systems, Inc. will post 0.79 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on CWST. 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 raised their price objective 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. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Casella Waste Systems currently has a consensus rating of “Buy” and an average target price of $101.50.

Insider Activity

In related news, CEO John W. Casella sold 1,673 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total transaction of $157,479.49. Following the transaction, 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 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 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 completion of the sale, the chief executive officer now directly owns 35,189 shares in the company, valued at $3,312,340.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Edmond Coletta sold 8,271 shares of Casella Waste Systems stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $90.30, for a total transaction of $746,871.30. Following the sale, the president now owns 168,556 shares of the company’s stock, valued at $15,220,606.80. The disclosure for this sale can be found here. Insiders sold a total of 11,238 shares of company stock worth $1,026,395 over the last 90 days. Corporate insiders own 4.24% of the company’s stock.

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.