TFS Capital LLC Raises Position in Casella Waste Systems, Inc. (CWST)

TFS Capital LLC raised its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 134.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,944 shares of the industrial products company’s stock after buying an additional 14,898 shares during the period. TFS Capital LLC owned approximately 0.06% of Casella Waste Systems worth $366,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System increased its position in shares of Casella Waste Systems by 0.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 22,853 shares of the industrial products company’s stock worth $322,000 after buying an additional 151 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Casella Waste Systems by 37.9% in the fourth quarter. AQR Capital Management LLC now owns 19,224 shares of the industrial products company’s stock worth $239,000 after buying an additional 5,281 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Casella Waste Systems by 11.9% in the fourth quarter. Bessemer Group Inc. now owns 65,700 shares of the industrial products company’s stock worth $815,000 after buying an additional 7,000 shares in the last quarter. Teza Capital Management LLC acquired a new stake in shares of Casella Waste Systems during the first quarter worth approximately $157,000. Finally, Karp Capital Management Corp acquired a new stake in shares of Casella Waste Systems during the first quarter worth approximately $163,000. Hedge funds and other institutional investors own 75.71% of the company’s stock.

Institutional Ownership by Quarter for Casella Waste Systems (NASDAQ:CWST)

Shares of Casella Waste Systems, Inc. (NASDAQ CWST) traded up 1.46% during midday trading on Monday, hitting $16.01. The company had a trading volume of 141,023 shares. The firm’s 50-day moving average is $14.66 and its 200-day moving average is $13.23. The firm has a market capitalization of $670.50 million, a P/E ratio of 1231.54 and a beta of 0.66. Casella Waste Systems, Inc. has a 12-month low of $7.38 and a 12-month high of $16.39.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results on Thursday, May 4th. The industrial products company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.10. The business had revenue of $133.80 million during the quarter, compared to analysts’ expectations of $128.33 million. Casella Waste Systems had a negative return on equity of 73.05% and a net margin of 0.09%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.19) EPS. On average, analysts predict that Casella Waste Systems, Inc. will post $0.53 earnings per share for the current fiscal year.

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A number of equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Casella Waste Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Wedbush reaffirmed a “neutral” rating and set a $13.00 price target (up from $11.00) on shares of Casella Waste Systems in a research note on Friday, March 3rd. Finally, KeyCorp raised their target price on shares of Casella Waste Systems from $14.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, May 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Casella Waste Systems has an average rating of “Buy” and a consensus target price of $15.00.

About Casella Waste Systems

Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. It manages its solid waste operations on a geographic basis through two regional operating segments: Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations through its Recycling segment.

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