Earnest Partners LLC Has $90.43 Million Position in Casella Waste Systems Inc. (NASDAQ:CWST)

Earnest Partners LLC increased its position in Casella Waste Systems Inc. (NASDAQ:CWST) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,281,869 shares of the industrial products company’s stock after buying an additional 33,545 shares during the period. Earnest Partners LLC’s holdings in Casella Waste Systems were worth $90,430,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA grew its holdings in Casella Waste Systems by 386.2% during the first quarter. BNP Paribas Arbitrage SA now owns 9,068 shares of the industrial products company’s stock valued at $322,000 after purchasing an additional 7,203 shares during the last quarter. SG Americas Securities LLC acquired a new position in Casella Waste Systems during the first quarter valued at approximately $299,000. Rhumbline Advisers grew its holdings in Casella Waste Systems by 7.9% during the first quarter. Rhumbline Advisers now owns 61,748 shares of the industrial products company’s stock valued at $2,196,000 after purchasing an additional 4,537 shares during the last quarter. California Public Employees Retirement System grew its holdings in Casella Waste Systems by 0.4% during the first quarter. California Public Employees Retirement System now owns 111,984 shares of the industrial products company’s stock valued at $3,982,000 after purchasing an additional 493 shares during the last quarter. Finally, American International Group Inc. grew its holdings in Casella Waste Systems by 5.7% during the first quarter. American International Group Inc. now owns 27,745 shares of the industrial products company’s stock valued at $987,000 after purchasing an additional 1,498 shares during the last quarter. Hedge funds and other institutional investors own 90.37% of the company’s stock.

Several brokerages have commented on CWST. Zacks Investment Research downgraded Casella Waste Systems from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Raymond James increased their price target on Casella Waste Systems from $43.00 to $52.00 and gave the company a “strong-buy” rating in a report on Monday, August 5th. BidaskClub downgraded Casella Waste Systems from a “hold” rating to a “sell” rating in a report on Thursday. Finally, ValuEngine downgraded Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $44.25.

In related news, Director Joseph Doody sold 2,262 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $45.55, for a total value of $103,034.10. Following the completion of the transaction, the director now directly owns 94,416 shares of the company’s stock, valued at $4,300,648.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Christopher Heald bought 8,012 shares of Casella Waste Systems stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average cost of $12.48 per share, with a total value of $99,989.76. Following the completion of the transaction, the vice president now owns 50,361 shares of the company’s stock, valued at $628,505.28. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 312,256 shares of company stock worth $14,207,139. 9.65% of the stock is currently owned by corporate insiders.

Shares of Casella Waste Systems stock opened at $41.16 on Friday. The company’s fifty day simple moving average is $44.51 and its 200-day simple moving average is $39.23. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 67.51 and a beta of 0.85. The company has a current ratio of 0.88, a quick ratio of 0.82 and a debt-to-equity ratio of 5.71. Casella Waste Systems Inc. has a 1 year low of $24.61 and a 1 year high of $47.72.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The business had revenue of $187.46 million for the quarter, compared to the consensus estimate of $184.08 million. Casella Waste Systems had a net margin of 2.69% and a return on equity of 76.51%. Casella Waste Systems’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the company posted $0.22 earnings per share. As a group, research analysts forecast that Casella Waste Systems Inc. will post 0.83 earnings per share for the current fiscal year.

About Casella Waste Systems

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the northeastern United States. The company operates through Eastern, Western, Recycling, and Other segments. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers.

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

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