Ameriprise Financial Inc. Has $148.38 Million Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Ameriprise Financial Inc. lifted its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 16.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,402,322 shares of the industrial products company's stock after purchasing an additional 193,571 shares during the period. Ameriprise Financial Inc. owned 2.22% of Casella Waste Systems worth $148,380,000 at the end of the most recent quarter.

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

Insider Buying and Selling

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

Analysts Set New Price Targets

Several research firms have weighed in on CWST. Stifel Nicolaus increased their price objective on Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. TD Cowen initiated coverage on shares of Casella Waste Systems in a research note on Wednesday, April 9th. They issued a "buy" rating and a $130.00 price objective for the company. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Jefferies Financial Group downgraded shares of Casella Waste Systems from a "buy" rating to a "hold" rating and dropped their price target for the company from $115.00 to $113.00 in a research report on Thursday, January 23rd. Finally, Raymond James reissued a "strong-buy" rating on shares of Casella Waste Systems in a research report on Wednesday, April 16th. Two investment 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 company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $122.67.

Casella Waste Systems Price Performance

NASDAQ CWST traded up $0.03 on Friday, hitting $118.50. 264,580 shares of the company's stock were exchanged, compared to its average volume of 370,318. The stock has a 50-day moving average of $112.84 and a 200-day moving average of $109.80. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 515.22, a P/E/G ratio of 3.86 and a beta of 0.89. Casella Waste Systems, Inc. has a 52 week low of $91.01 and a 52 week high of $121.24. The company has a current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70.

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

Casella Waste Systems 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.