Bank of New York Mellon Corp decreased its stake in shares of Casella Waste Systems Inc. (NASDAQ:CWST) by 3.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 186,077 shares of the industrial products company’s stock after selling 6,322 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.44% of Casella Waste Systems worth $5,781,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Acadian Asset Management LLC acquired a new position in shares of Casella Waste Systems during the 3rd quarter worth about $152,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of Casella Waste Systems in the 3rd quarter valued at about $243,000. Connable Office Inc. acquired a new stake in shares of Casella Waste Systems in the 3rd quarter valued at about $275,000. Assenagon Asset Management S.A. acquired a new stake in shares of Casella Waste Systems in the 3rd quarter valued at about $380,000. Finally, Engineers Gate Manager LP boosted its position in shares of Casella Waste Systems by 25.7% in the 3rd quarter. Engineers Gate Manager LP now owns 19,843 shares of the industrial products company’s stock valued at $616,000 after purchasing an additional 4,062 shares during the period. Institutional investors own 85.86% of the company’s stock.
In other Casella Waste Systems news, Director William P. Hulligan sold 10,000 shares of the stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $29.94, for a total transaction of $299,400.00. Following the completion of the sale, the director now directly owns 59,484 shares of the company’s stock, valued at approximately $1,780,950.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gregory B. Peters sold 4,000 shares of the stock in a transaction that occurred on Friday, December 14th. The stock was sold at an average price of $30.59, for a total value of $122,360.00. Following the sale, the director now directly owns 88,015 shares of the company’s stock, valued at $2,692,378.85. The disclosure for this sale can be found here. 10.64% of the stock is currently owned by company insiders.
A number of analysts recently issued reports on the company. BidaskClub raised Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 1st. Zacks Investment Research cut Casella Waste Systems from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. KeyCorp assumed coverage on Casella Waste Systems in a research report on Monday, February 4th. They issued a “sector weight” rating for the company. ValuEngine cut Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 11th. Finally, Stifel Nicolaus raised Casella Waste Systems from a “hold” rating to a “buy” rating and upped their target price for the company from $30.00 to $32.00 in a research report on Thursday, December 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Casella Waste Systems presently has an average rating of “Hold” and an average price target of $32.00.
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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