Canada Pension Plan Investment Board purchased a new position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 9,900 shares of the industrial products company's stock, valued at approximately $1,048,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mather Group LLC. raised its holdings in shares of Casella Waste Systems by 1,606.7% during the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 241 shares in the last quarter. Covestor Ltd boosted its stake in Casella Waste Systems by 124.4% during the fourth quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock worth $29,000 after acquiring an additional 153 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Casella Waste Systems by 156.5% in the 4th quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company's stock worth $34,000 after buying an additional 194 shares during the last quarter. Huntington National Bank increased its holdings in shares of Casella Waste Systems by 171.6% during the fourth quarter. Huntington National Bank now owns 364 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 230 shares in the last quarter. Finally, Eagle Bay Advisors LLC purchased a new position in Casella Waste Systems in the fourth quarter worth about $58,000. Institutional investors own 99.51% of the company's stock.
Insider Buying and Selling
In related news, SVP Paul Ligon sold 2,000 shares of Casella Waste Systems stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $118.67, for a total value of $237,340.00. Following the completion of the sale, the senior vice president now directly owns 20,347 shares in the company, valued at $2,414,578.49. The trade was a 8.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.24% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on CWST. UBS Group boosted their price target on Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. TD Cowen initiated coverage on shares of Casella Waste Systems in a research note on Wednesday, April 9th. They set a "buy" rating and a $130.00 price target on the stock. Jefferies Financial Group cut shares of Casella Waste Systems from a "buy" rating to a "hold" rating and decreased their target price for the stock from $115.00 to $113.00 in a research note on Thursday, January 23rd. Raymond James restated a "strong-buy" rating on shares of Casella Waste Systems in a research report on Wednesday, April 16th. Finally, William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $122.67.
View Our Latest Research Report on Casella Waste Systems
Casella Waste Systems Trading Up 0.2 %
CWST stock traded up $0.18 during midday trading on Wednesday, reaching $117.45. 469,381 shares of the company traded hands, compared to its average volume of 362,578. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of 510.65, a P/E/G ratio of 3.86 and a beta of 0.96. The business has a 50 day moving average of $111.84 and a 200-day moving average of $109.07. Casella Waste Systems, Inc. has a 52-week low of $88.89 and a 52-week high of $120.69. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.25. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. As a group, sell-side analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.
About Casella Waste Systems
(
Free Report)
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.
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