Brown Advisory Inc. Sells 56,506 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Brown Advisory Inc. lowered its position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,063,034 shares of the industrial products company's stock after selling 56,506 shares during the period. Brown Advisory Inc. owned 1.68% of Casella Waste Systems worth $112,480,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CWST. Mather Group LLC. boosted its stake in Casella Waste Systems by 1,606.7% in the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company's stock worth $27,000 after purchasing an additional 241 shares in the last quarter. Covestor Ltd lifted its position in Casella Waste Systems by 124.4% during the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock worth $29,000 after buying an additional 153 shares in the last quarter. Quarry LP acquired a new stake in Casella Waste Systems in the 4th quarter valued at about $30,000. Jones Financial Companies Lllp raised its stake in shares of Casella Waste Systems by 156.5% in the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company's stock worth $34,000 after acquiring an additional 194 shares during the last quarter. Finally, Huntington National Bank raised its stake in shares of Casella Waste Systems by 171.6% in the fourth quarter. Huntington National Bank now owns 364 shares of the industrial products company's stock worth $39,000 after acquiring an additional 230 shares during the last quarter. 99.51% of the stock is owned by institutional investors and hedge funds.

Casella Waste Systems Trading Up 0.0 %

NASDAQ CWST traded up $0.03 during trading on Friday, reaching $118.50. 264,580 shares of the stock traded hands, compared to its average volume of 370,318. Casella Waste Systems, Inc. has a fifty-two week low of $91.01 and a fifty-two week high of $121.24. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. The firm has a market cap of $7.51 billion, a price-to-earnings ratio of 515.22, a price-to-earnings-growth ratio of 3.86 and a beta of 0.89. The stock's 50-day moving average price is $112.84 and its 200 day moving average price is $109.80.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.08. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. The business had revenue of $417.10 million during the quarter, compared to analysts' expectations of $403.64 million. During the same quarter in the prior year, the company earned $0.15 EPS. The firm's quarterly revenue was up 22.3% on a year-over-year basis. Analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Paul Ligon sold 2,000 shares of the stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $118.67, for a total transaction of $237,340.00. Following the completion of the transaction, the senior vice president now directly owns 20,347 shares in the company, valued at approximately $2,414,578.49. This trade represents a 8.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Edmond Coletta sold 5,562 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $119.18, for a total value of $662,879.16. Following the transaction, the president now directly owns 150,093 shares of the company's stock, valued at approximately $17,888,083.74. This trade represents a 3.57 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a report on Friday, February 14th. UBS Group boosted their target price on Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. TD Cowen started coverage on shares of Casella Waste Systems in a research report on Wednesday, April 9th. They set a "buy" rating and a $130.00 target price on the stock. Raymond James reiterated a "strong-buy" rating on shares of Casella Waste Systems in a research report on Wednesday, April 16th. Finally, Jefferies Financial Group lowered shares of Casella Waste Systems from a "buy" rating to a "hold" rating and cut their price objective for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Casella Waste Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.67.

About Casella Waste Systems

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.