Casella Waste Systems Inc. (NASDAQ:CWST) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lowered its holdings in Casella Waste Systems Inc. (NASDAQ:CWST) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 686,285 shares of the industrial products company’s stock after selling 13,825 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Casella Waste Systems were worth $24,405,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company raised its stake in shares of Casella Waste Systems by 18.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 28,508 shares of the industrial products company’s stock valued at $1,013,000 after purchasing an additional 4,342 shares during the period. Northern Trust Corp raised its stake in shares of Casella Waste Systems by 10.4% during the 1st quarter. Northern Trust Corp now owns 520,405 shares of the industrial products company’s stock valued at $18,507,000 after purchasing an additional 49,196 shares during the period. Citigroup Inc. raised its stake in shares of Casella Waste Systems by 21.5% during the 1st quarter. Citigroup Inc. now owns 17,619 shares of the industrial products company’s stock valued at $627,000 after purchasing an additional 3,122 shares during the period. OppenheimerFunds Inc. raised its stake in shares of Casella Waste Systems by 12.3% during the 1st quarter. OppenheimerFunds Inc. now owns 722,467 shares of the industrial products company’s stock valued at $25,690,000 after purchasing an additional 79,180 shares during the period. Finally, William Blair Investment Management LLC raised its stake in shares of Casella Waste Systems by 5.2% during the 1st quarter. William Blair Investment Management LLC now owns 581,344 shares of the industrial products company’s stock valued at $20,673,000 after purchasing an additional 28,882 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Edmond Coletta sold 1,255 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $34.18, for a total value of $42,895.90. Following the completion of the transaction, the insider now directly owns 157,507 shares in the company, valued at approximately $5,383,589.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Douglas R. Casella sold 34,492 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $34.15, for a total value of $1,177,901.80. Following the completion of the transaction, the insider now owns 676,899 shares of the company’s stock, valued at $23,116,100.85. The disclosure for this sale can be found here. Insiders sold a total of 453,818 shares of company stock worth $16,917,039 over the last 90 days. Corporate insiders own 9.65% of the company’s stock.

NASDAQ CWST traded down $0.15 during trading on Tuesday, reaching $38.57. The company’s stock had a trading volume of 5,975 shares, compared to its average volume of 202,618. The firm has a market capitalization of $1.80 billion, a P/E ratio of 63.92 and a beta of 0.86. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 6.53. Casella Waste Systems Inc. has a one year low of $23.52 and a one year high of $40.08.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Tuesday, April 30th. The industrial products company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $163.70 million for the quarter, compared to analyst estimates of $161.77 million. Casella Waste Systems had a return on equity of 390.60% and a net margin of 1.27%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, research analysts anticipate that Casella Waste Systems Inc. will post 0.81 EPS for the current fiscal year.

A number of equities analysts have weighed in on the company. BidaskClub lowered Casella Waste Systems from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Zacks Investment Research lowered Casella Waste Systems from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. UBS Group upped their target price on Casella Waste Systems from $36.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Finally, Stifel Nicolaus lowered Casella Waste Systems from a “buy” rating to a “hold” rating and set a $35.00 target price on the stock. in a research note on Friday, February 22nd. Three analysts have rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $39.25.

TRADEMARK VIOLATION WARNING: This news story was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this news story on another website, it was copied illegally and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://sportsperspectives.com/2019/06/11/casella-waste-systems-inc-nasdaqcwst-shares-sold-by-vaughan-nelson-investment-management-l-p.html.

Casella Waste Systems Profile

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.

Further Reading: Insider Trading

Want to see what other hedge funds are holding CWST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Casella Waste Systems Inc. (NASDAQ:CWST).

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

Receive News & Ratings for Casella Waste Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casella Waste Systems and related companies with MarketBeat.com's FREE daily email newsletter.