Everhart Financial Group Inc. Acquires 547 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Everhart Financial Group Inc. lifted its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 16.1% during the 1st quarter, Holdings Channel reports. The firm owned 3,938 shares of the industrial products company’s stock after purchasing an additional 547 shares during the quarter. Everhart Financial Group Inc.’s holdings in Casella Waste Systems were worth $439,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Casella Waste Systems by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 6,110,529 shares of the industrial products company’s stock worth $646,555,000 after purchasing an additional 123,001 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of Casella Waste Systems by 48.2% during the 4th quarter. Wasatch Advisors LP now owns 2,577,308 shares of the industrial products company’s stock worth $272,705,000 after purchasing an additional 838,086 shares during the last quarter. Invesco Ltd. increased its stake in shares of Casella Waste Systems by 0.8% during the 4th quarter. Invesco Ltd. now owns 1,830,220 shares of the industrial products company’s stock worth $193,656,000 after purchasing an additional 13,678 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Casella Waste Systems by 13.1% during the 4th quarter. Wellington Management Group LLP now owns 1,644,476 shares of the industrial products company’s stock worth $174,002,000 after purchasing an additional 190,023 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Casella Waste Systems by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 1,446,875 shares of the industrial products company’s stock worth $153,129,000 after purchasing an additional 15,917 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Casella Waste Systems Stock Down 0.5%

Shares of CWST opened at $117.77 on Friday. Casella Waste Systems, Inc. has a 52 week low of $91.01 and a 52 week high of $121.24. The firm has a market cap of $7.47 billion, a P/E ratio of 512.04, a price-to-earnings-growth ratio of 3.86 and a beta of 0.86. The firm’s 50-day simple moving average is $115.82 and its 200 day simple moving average is $111.49. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. The business had revenue of $417.10 million for the quarter, compared to analyst estimates of $403.64 million. During the same quarter in the prior year, the business earned $0.15 EPS. Casella Waste Systems’s quarterly revenue was up 22.3% on a year-over-year basis. On average, analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Wall Street Analyst Weigh In

CWST has been the topic of several recent analyst reports. TD Cowen initiated coverage on shares of Casella Waste Systems in a research note on Wednesday, April 9th. They set a “buy” rating and a $130.00 price objective on the stock. William Blair restated an “outperform” rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Raymond James reiterated a “strong-buy” rating on shares of Casella Waste Systems in a research note on Wednesday, April 16th. UBS Group upped their price target on shares of Casella Waste Systems from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, April 11th. Finally, Stifel Nicolaus upped their price target on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.67.

Insider Buying and Selling at Casella Waste Systems

In other Casella Waste Systems news, SVP Paul Ligon sold 2,000 shares of the business’s stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $118.67, for a total value of $237,340.00. Following the completion of the sale, the senior vice president now owns 20,347 shares of the company’s stock, valued at $2,414,578.49. The trade was a 8.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Edmond Coletta sold 5,562 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $119.18, for a total transaction of $662,879.16. Following the completion of the sale, the president now directly owns 150,093 shares of the company’s stock, valued at $17,888,083.74. This represents a 3.57% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.81% 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.