Roubaix Capital LLC Makes New Investment in Casella Waste Systems, Inc. $CWST

Roubaix Capital LLC bought a new position in Casella Waste Systems, Inc. (NASDAQ:CWST) during the 1st quarter, HoldingsChannel.com reports. The fund bought 62,772 shares of the industrial products company’s stock, valued at approximately $4,980,000. Casella Waste Systems comprises approximately 2.3% of Roubaix Capital LLC’s holdings, making the stock its 22nd biggest holding.

Several other institutional investors have also made changes to their positions in the company. Pictet Asset Management Holding SA raised its holdings in shares of Casella Waste Systems by 10,865.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 990,651 shares of the industrial products company’s stock valued at $97,040,000 after acquiring an additional 981,617 shares during the period. State Street Corp boosted its stake in Casella Waste Systems by 60.7% in the 4th quarter. State Street Corp now owns 2,306,780 shares of the industrial products company’s stock worth $225,926,000 after purchasing an additional 871,761 shares during the period. Alliancebernstein L.P. boosted its stake in Casella Waste Systems by 1,106.7% in the 2nd quarter. Alliancebernstein L.P. now owns 867,285 shares of the industrial products company’s stock worth $100,067,000 after purchasing an additional 795,414 shares during the period. UBS Group AG grew its position in Casella Waste Systems by 653.2% during the 4th quarter. UBS Group AG now owns 841,897 shares of the industrial products company’s stock worth $82,455,000 after purchasing an additional 730,128 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Casella Waste Systems by 9.7% during the 4th quarter. Vanguard Group Inc. now owns 6,574,893 shares of the industrial products company’s stock worth $643,945,000 after purchasing an additional 581,310 shares in the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Casella Waste Systems Stock Down 4.2%

Casella Waste Systems stock opened at $95.70 on Friday. Casella Waste Systems, Inc. has a twelve month low of $74.05 and a twelve month high of $111.48. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market cap of $6.09 billion, a PE ratio of 870.08 and a beta of 0.74. The firm’s 50 day moving average price is $89.80 and its two-hundred day moving average price is $91.61.

Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Thursday, April 30th. The industrial products company reported $0.20 earnings per share (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 company had revenue of $457.33 million during the quarter, compared to analyst estimates of $454.49 million. During the same quarter last year, the business posted $0.19 EPS. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, research analysts predict that Casella Waste Systems, Inc. will post 1.06 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Edmond Coletta sold 12,500 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $89.56, for a total transaction of $1,119,500.00. Following the completion of the sale, the chief executive officer directly owned 140,118 shares in the company, valued at approximately $12,548,968.08. This trade represents a 8.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael K. Burke sold 2,305 shares of Casella Waste Systems stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $87.56, for a total value of $201,825.80. Following the sale, 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 position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.78% of the company’s stock.

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.