BNP Paribas Financial Markets Cuts Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

BNP Paribas Financial Markets reduced its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,849 shares of the industrial products company’s stock after selling 3,540 shares during the quarter. BNP Paribas Financial Markets owned about 0.08% of Casella Waste Systems worth $4,089,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP grew its holdings in shares of Casella Waste Systems by 11.0% during the third quarter. Allworth Financial LP now owns 1,513 shares of the industrial products company’s stock valued at $115,000 after buying an additional 150 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of Casella Waste Systems by 5.5% during the third quarter. Orion Portfolio Solutions LLC now owns 2,995 shares of the industrial products company’s stock valued at $229,000 after buying an additional 156 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Casella Waste Systems by 1.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 10,013 shares of the industrial products company’s stock valued at $856,000 after buying an additional 160 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Casella Waste Systems by 1.2% during the third quarter. Arizona State Retirement System now owns 15,990 shares of the industrial products company’s stock valued at $1,220,000 after buying an additional 187 shares during the last quarter. Finally, Searle & CO. grew its holdings in shares of Casella Waste Systems by 2.5% during the fourth quarter. Searle & CO. now owns 12,500 shares of the industrial products company’s stock valued at $1,068,000 after buying an additional 300 shares during the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Casella Waste Systems news, CEO John W. Casella sold 1,673 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total value of $157,479.49. Following the completion of the transaction, the chief executive officer now owns 35,189 shares in the company, valued at $3,312,340.57. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Casella Waste Systems news, President Edmond Coletta sold 8,271 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $90.30, for a total value of $746,871.30. Following the completion of the transaction, the president now owns 168,556 shares in the company, valued at $15,220,606.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO John W. Casella sold 1,673 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $94.13, for a total transaction of $157,479.49. Following the transaction, the chief executive officer now owns 35,189 shares of the company’s stock, valued at approximately $3,312,340.57. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,238 shares of company stock worth $1,026,395. Company insiders own 4.24% of the company’s stock.

Casella Waste Systems Price Performance

NASDAQ:CWST opened at $98.81 on Wednesday. Casella Waste Systems, Inc. has a one year low of $72.97 and a one year high of $100.42. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.50 and a current ratio of 1.58. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 318.74, a PEG ratio of 6.23 and a beta of 0.92. The firm’s fifty day moving average is $95.52 and its two-hundred day moving average is $89.17.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Friday, April 26th. The industrial products company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $341.00 million during the quarter, compared to the consensus estimate of $340.70 million. Casella Waste Systems had a net margin of 1.32% and a return on equity of 4.47%. The company’s revenue was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 earnings per share. Research analysts expect that Casella Waste Systems, Inc. will post 0.79 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CWST. StockNews.com raised shares of Casella Waste Systems from a “sell” rating to a “hold” rating in a report on Friday, February 16th. Wells Fargo & Company upped their price target on shares of Casella Waste Systems from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Casella Waste Systems currently has a consensus rating of “Buy” and a consensus price target of $101.20.

Casella Waste Systems Company Profile

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