Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Purchased by Comerica Bank

Comerica Bank lifted its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 38.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 432,896 shares of the industrial products company's stock after purchasing an additional 119,461 shares during the quarter. Comerica Bank owned about 0.68% of Casella Waste Systems worth $45,805,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CWST. Vanguard Group Inc. boosted its holdings in Casella Waste Systems by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 6,110,529 shares of the industrial products company's stock worth $646,555,000 after acquiring an additional 123,001 shares in the last quarter. Wasatch Advisors LP raised its position in shares of Casella Waste Systems by 48.2% in the 4th quarter. Wasatch Advisors LP now owns 2,577,308 shares of the industrial products company's stock valued at $272,705,000 after purchasing an additional 838,086 shares during the last quarter. Invesco Ltd. boosted its stake in Casella Waste Systems by 0.8% in the 4th quarter. Invesco Ltd. now owns 1,830,220 shares of the industrial products company's stock worth $193,656,000 after purchasing an additional 13,678 shares in the last quarter. Wellington Management Group LLP grew its position in Casella Waste Systems by 13.1% during the 4th quarter. Wellington Management Group LLP now owns 1,644,476 shares of the industrial products company's stock worth $174,002,000 after purchasing an additional 190,023 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Casella Waste Systems by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 1,446,875 shares of the industrial products company's stock valued at $153,129,000 after purchasing an additional 15,917 shares in the last quarter. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Paul Ligon sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $118.67, for a total transaction of $237,340.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.24% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CWST. TD Cowen initiated coverage on shares of Casella Waste Systems in a report on Wednesday, April 9th. They set a "buy" rating and a $130.00 price objective on the stock. Stifel Nicolaus raised their price objective on Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. UBS Group upped their target price on Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, April 11th. William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Finally, Jefferies Financial Group downgraded shares of Casella Waste Systems from a "buy" rating to a "hold" rating and dropped 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 given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $122.67.

Casella Waste Systems Price Performance

Shares of Casella Waste Systems stock traded up $1.91 on Monday, hitting $118.66. The company's stock had a trading volume of 105,092 shares, compared to its average volume of 439,350. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 515.75, a price-to-earnings-growth ratio of 3.86 and a beta of 0.89. The firm has a fifty day moving average price of $112.05 and a 200-day moving average price of $109.31. 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, Inc. has a 1 year low of $91.01 and a 1 year high of $120.69.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.19 earnings per share (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 firm had revenue of $417.10 million for the quarter, compared to analysts' expectations of $403.64 million. During the same quarter last year, the company earned $0.15 EPS. The firm's revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Casella Waste Systems Company Profile

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.