7,811 Shares in Casella Waste Systems, Inc. $CWST Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL bought a new position in Casella Waste Systems, Inc. (NASDAQ:CWST) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,811 shares of the industrial products company’s stock, valued at approximately $741,000.

Several other large investors have also recently bought and sold shares of CWST. Geneos Wealth Management Inc. increased its holdings in Casella Waste Systems by 301.6% in the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after buying an additional 184 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Casella Waste Systems by 235.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 285 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 200 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Casella Waste Systems by 180.2% in the third quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 191 shares during the period. First Horizon Corp acquired a new stake in Casella Waste Systems in the 3rd quarter worth $31,000. Finally, Optiver Holding B.V. grew its position in Casella Waste Systems by 280.0% during the third quarter. Optiver Holding B.V. now owns 399 shares of the industrial products company’s stock worth $38,000 after buying an additional 294 shares in the last quarter. 99.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CWST. Jefferies Financial Group set a $120.00 price target on shares of Casella Waste Systems and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Raymond James Financial reissued a “strong-buy” rating and set a $115.00 price objective on shares of Casella Waste Systems in a report on Monday, February 23rd. Zacks Research raised Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Weiss Ratings downgraded shares of Casella Waste Systems from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, February 23rd. Finally, JPMorgan Chase & Co. reduced their target price on Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Casella Waste Systems presently has an average rating of “Moderate Buy” and an average target price of $113.11.

Casella Waste Systems Price Performance

Shares of NASDAQ CWST opened at $79.34 on Wednesday. The company has a market cap of $5.04 billion, a PE ratio of 661.22 and a beta of 0.80. The business’s 50 day moving average price is $94.58 and its two-hundred day moving average price is $94.12. Casella Waste Systems, Inc. has a twelve month low of $74.05 and a twelve month high of $121.24. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, February 19th. The industrial products company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. The company had revenue of $469.06 million for the quarter, compared to analyst estimates of $471.32 million. Casella Waste Systems had a return on equity of 5.17% and a net margin of 0.43%.The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 earnings per share. On average, analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Insider Activity at Casella Waste Systems

In other Casella Waste Systems news, CFO Bradford John Helgeson sold 405 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $87.73, for a total transaction of $35,530.65. Following the sale, the chief financial officer directly owned 7,342 shares of the company’s stock, valued at $644,113.66. The trade was a 5.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Kevin Drohan sold 675 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $92.61, for a total value of $62,511.75. Following the completion of the sale, the chief accounting officer owned 7,462 shares in the company, valued at $691,055.82. The trade was a 8.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,830 shares of company stock valued at $1,454,208 over the last three months. 3.81% of the stock is currently owned by corporate insiders.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.