Thrivent Financial for Lutherans Has $12.18 Million Stake in Casella Waste Systems, Inc. $CWST

Thrivent Financial for Lutherans grew its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 17.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 124,356 shares of the industrial products company’s stock after purchasing an additional 18,671 shares during the period. Thrivent Financial for Lutherans’ holdings in Casella Waste Systems were worth $12,179,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CWST. Impax Asset Management Group plc increased its holdings in shares of Casella Waste Systems by 33.3% during the third quarter. Impax Asset Management Group plc now owns 80,000 shares of the industrial products company’s stock worth $7,590,000 after buying an additional 20,000 shares in the last quarter. UniSuper Management Pty Ltd boosted its holdings in shares of Casella Waste Systems by 40.9% in the 3rd quarter. UniSuper Management Pty Ltd now owns 102,003 shares of the industrial products company’s stock worth $9,678,000 after acquiring an additional 29,605 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Casella Waste Systems by 14.3% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 81,417 shares of the industrial products company’s stock worth $7,725,000 after acquiring an additional 10,207 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Casella Waste Systems during the 3rd quarter worth approximately $5,519,000. Finally, Ranger Investment Management L.P. increased its holdings in Casella Waste Systems by 15.5% during the 3rd quarter. Ranger Investment Management L.P. now owns 346,020 shares of the industrial products company’s stock valued at $32,830,000 after purchasing an additional 46,450 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Insider Transactions at Casella Waste Systems

In related news, CEO Edmond Coletta sold 988 shares of Casella Waste Systems stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $87.81, for a total value of $86,756.28. Following the sale, the chief executive officer owned 152,618 shares of the company’s stock, valued at approximately $13,401,386.58. This trade represents a 0.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John W. Casella sold 1,744 shares of Casella Waste Systems stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $87.77, for a total transaction of $153,070.88. Following the completion of the sale, the director owned 30,795 shares in the company, valued at $2,702,877.15. This trade represents a 5.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 15,830 shares of company stock worth $1,454,208. Company insiders own 3.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. Weiss Ratings downgraded shares of Casella Waste Systems from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, February 23rd. UBS Group decreased their price objective on shares of Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $115.00 target price on shares of Casella Waste Systems in a research note on Monday, February 23rd. Finally, Barclays upgraded shares of Casella Waste Systems from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $101.00 to $102.00 in a research report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Casella Waste Systems presently has a consensus rating of “Moderate Buy” and an average price target of $111.13.

Casella Waste Systems Price Performance

Casella Waste Systems stock opened at $88.10 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $5.60 billion, a P/E ratio of 800.98 and a beta of 0.77. The business has a 50-day moving average of $83.61 and a 200-day moving average of $92.78. Casella Waste Systems, Inc. has a 1 year low of $74.05 and a 1 year high of $118.91.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.10. Casella Waste Systems had a net margin of 0.38% and a return on equity of 5.19%. The business had revenue of $457.33 million during the quarter, compared to analysts’ expectations of $454.49 million. During the same quarter in the prior year, the company earned $0.19 EPS. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. On average, equities analysts anticipate that Casella Waste Systems, Inc. will post 1.12 EPS for the current year.

About Casella Waste Systems

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.