GSA Capital Partners LLP Cuts Stake in Casella Waste Systems Inc. (NASDAQ:CWST)

GSA Capital Partners LLP cut its position in Casella Waste Systems Inc. (NASDAQ:CWST) by 34.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,728 shares of the industrial products company’s stock after selling 11,923 shares during the quarter. GSA Capital Partners LLP owned about 0.05% of Casella Waste Systems worth $582,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Epoch Investment Partners Inc. grew its stake in shares of Casella Waste Systems by 4.3% in the first quarter. Epoch Investment Partners Inc. now owns 1,473,749 shares of the industrial products company’s stock valued at $34,456,000 after buying an additional 60,172 shares in the last quarter. Wells Fargo & Company MN raised its stake in Casella Waste Systems by 63.3% in the second quarter. Wells Fargo & Company MN now owns 1,355,205 shares of the industrial products company’s stock valued at $34,708,000 after purchasing an additional 525,320 shares in the last quarter. Earnest Partners LLC acquired a new position in Casella Waste Systems in the first quarter valued at about $17,444,000. Vaughan Nelson Investment Management L.P. raised its stake in Casella Waste Systems by 1.2% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 664,875 shares of the industrial products company’s stock valued at $17,027,000 after purchasing an additional 7,725 shares in the last quarter. Finally, Jupiter Asset Management Ltd. raised its stake in Casella Waste Systems by 3.2% in the first quarter. Jupiter Asset Management Ltd. now owns 432,327 shares of the industrial products company’s stock valued at $10,108,000 after purchasing an additional 13,603 shares in the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:CWST traded up $0.08 during midday trading on Monday, hitting $29.85. 178,200 shares of the stock were exchanged, compared to its average volume of 211,534. The stock has a market cap of $1.33 billion, a P/E ratio of 44.64 and a beta of 1.00. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of -14.47. Casella Waste Systems Inc. has a 12 month low of $17.52 and a 12 month high of $33.94.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, August 2nd. The industrial products company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). Casella Waste Systems had a net margin of 4.79% and a negative return on equity of 63.60%. The company had revenue of $165.65 million during the quarter, compared to the consensus estimate of $158.95 million. During the same quarter in the previous year, the company earned $0.25 earnings per share. The business’s revenue was up 7.6% on a year-over-year basis. As a group, equities analysts forecast that Casella Waste Systems Inc. will post 0.71 EPS for the current year.

In other Casella Waste Systems news, Director Michael K. Burke sold 13,845 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $27.72, for a total value of $383,783.40. Following the transaction, the director now directly owns 60,422 shares of the company’s stock, valued at $1,674,897.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William P. Hulligan sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $28.85, for a total value of $288,500.00. Following the transaction, the director now directly owns 69,484 shares in the company, valued at $2,004,613.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,845 shares of company stock worth $1,999,113. Insiders own 10.64% of the company’s stock.

A number of research firms recently commented on CWST. BidaskClub downgraded Casella Waste Systems from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research upgraded Casella Waste Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 12th. ValuEngine upgraded Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 11th. Finally, Stifel Nicolaus cut Casella Waste Systems from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a research report on Monday, August 6th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $31.50.

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 Region, Western Region, 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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