Vaughan Nelson Investment Management L.P. Buys New Holdings in Casella Waste Systems Inc. (CWST)

Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Casella Waste Systems Inc. (NASDAQ:CWST) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 332,425 shares of the industrial products company’s stock, valued at approximately $7,653,000.

Several other hedge funds have also recently made changes to their positions in CWST. Cubist Systematic Strategies LLC acquired a new position in shares of Casella Waste Systems during the 2nd quarter valued at about $186,000. Tudor Investment Corp ET AL boosted its position in shares of Casella Waste Systems by 24.5% during the 2nd quarter. Tudor Investment Corp ET AL now owns 13,374 shares of the industrial products company’s stock valued at $219,000 after acquiring an additional 2,633 shares during the last quarter. Voya Investment Management LLC acquired a new position in shares of Casella Waste Systems during the 2nd quarter valued at about $274,000. 361 Capital LLC boosted its position in shares of Casella Waste Systems by 91.8% during the 2nd quarter. 361 Capital LLC now owns 26,714 shares of the industrial products company’s stock valued at $438,000 after acquiring an additional 12,788 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Casella Waste Systems by 3.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,060 shares of the industrial products company’s stock valued at $526,000 after acquiring an additional 1,016 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

In other Casella Waste Systems news, Director James F. Callahan, Jr. sold 15,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $21.00, for a total value of $315,000.00. Following the transaction, the director now owns 78,102 shares of the company’s stock, valued at $1,640,142. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Edwin D. Johnson sold 99,091 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $21.01, for a total transaction of $2,081,901.91. Following the completion of the transaction, the chief operating officer now directly owns 469,500 shares in the company, valued at approximately $9,864,195. The disclosure for this sale can be found here. Insiders sold 200,524 shares of company stock worth $4,077,303 in the last ninety days. 11.47% of the stock is currently owned by corporate insiders.

Casella Waste Systems Inc. (NASDAQ:CWST) opened at $25.84 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of -7.91. The firm has a market cap of $1,086.39, a PE ratio of 42.36 and a beta of 0.72. Casella Waste Systems Inc. has a 1 year low of $11.15 and a 1 year high of $27.38.

Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Wednesday, November 1st. The industrial products company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. Casella Waste Systems had a negative net margin of 9.09% and a negative return on equity of 56.99%. The company had revenue of $160.27 million for the quarter, compared to analysts’ expectations of $154.61 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. Casella Waste Systems’s revenue for the quarter was up 6.0% compared to the same quarter last year. analysts expect that Casella Waste Systems Inc. will post 0.66 earnings per share for the current year.

CWST has been the topic of several recent research reports. Zacks Investment Research raised shares of Casella Waste Systems from a “sell” rating to a “hold” rating and set a $22.00 price target on the stock in a research report on Tuesday, November 7th. KeyCorp reissued a “buy” rating on shares of Casella Waste Systems in a research report on Friday, November 3rd. BidaskClub raised shares of Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 29th. Finally, Stifel Nicolaus raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Wednesday, January 24th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $20.20.

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

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