Casella Waste Systems, Inc. $CWST Holdings Increased by California State Teachers Retirement System

California State Teachers Retirement System lifted its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 26.2% in the first quarter, HoldingsChannel reports. The fund owned 74,027 shares of the industrial products company’s stock after purchasing an additional 15,380 shares during the quarter. California State Teachers Retirement System’s holdings in Casella Waste Systems were worth $5,873,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in shares of Casella Waste Systems by 57.7% in the first quarter. AQR Capital Management LLC now owns 9,283 shares of the industrial products company’s stock valued at $1,035,000 after buying an additional 3,395 shares during the period. Jones Financial Companies Lllp raised its position in Casella Waste Systems by 1,601.9% in the first quarter. Jones Financial Companies Lllp now owns 5,412 shares of the industrial products company’s stock worth $603,000 after acquiring an additional 5,094 shares in the last quarter. Jane Street Group LLC raised its position in Casella Waste Systems by 3,226.1% in the first quarter. Jane Street Group LLC now owns 69,849 shares of the industrial products company’s stock worth $7,789,000 after acquiring an additional 67,749 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Casella Waste Systems by 301.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 184 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Casella Waste Systems in the 2nd quarter valued at about $63,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael K. Burke sold 2,305 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $87.56, for a total transaction of $201,825.80. Following the transaction, the director directly owned 14,048 shares of the company’s stock, valued at approximately $1,230,042.88. The trade was a 14.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Edmond Coletta sold 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $89.56, for a total transaction of $1,119,500.00. Following the completion of the transaction, the chief executive officer owned 140,118 shares in the company, valued at approximately $12,548,968.08. This represents a 8.19% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.78% of the stock is owned by corporate insiders.

Casella Waste Systems Trading Down 1.6%

Shares of NASDAQ CWST opened at $90.04 on Thursday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.72. Casella Waste Systems, Inc. has a one year low of $74.05 and a one year high of $107.96. The business has a 50-day moving average price of $90.92 and a two-hundred day moving average price of $90.64. The firm has a market capitalization of $5.73 billion, a PE ratio of 818.62 and a beta of 0.74.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. TD Cowen reaffirmed a “buy” rating on shares of Casella Waste Systems in a research note on Friday, June 5th. Zacks Research raised shares of Casella Waste Systems from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 8th. Barclays upgraded shares of Casella Waste Systems from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $101.00 to $102.00 in a research report on Monday, May 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Casella Waste Systems in a report on Friday, May 22nd. Finally, UBS Group cut their price objective on Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating for the company in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $110.12.

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.