Casella Waste Systems, Inc. (NASDAQ:CWST) Stock Position Boosted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 12.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 170,703 shares of the industrial products company's stock after buying an additional 19,413 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.27% of Casella Waste Systems worth $18,987,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can raised its stake in shares of Casella Waste Systems by 71.7% during the fourth quarter. Bank of Montreal Can now owns 5,200 shares of the industrial products company's stock worth $550,000 after purchasing an additional 2,172 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Casella Waste Systems by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 607,954 shares of the industrial products company's stock valued at $64,328,000 after acquiring an additional 14,369 shares during the last quarter. Victory Capital Management Inc. grew its stake in Casella Waste Systems by 3.1% in the 4th quarter. Victory Capital Management Inc. now owns 47,396 shares of the industrial products company's stock valued at $5,015,000 after acquiring an additional 1,415 shares during the last quarter. Rhumbline Advisers grew its stake in Casella Waste Systems by 5.6% in the 1st quarter. Rhumbline Advisers now owns 91,720 shares of the industrial products company's stock valued at $10,228,000 after acquiring an additional 4,862 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in Casella Waste Systems by 10.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 6,037 shares of the industrial products company's stock valued at $639,000 after purchasing an additional 558 shares in the last quarter. Hedge funds and other institutional investors own 99.51% of the company's stock.

Analyst Upgrades and Downgrades

CWST has been the topic of a number of recent research reports. Cowen restated a "buy" rating on shares of Casella Waste Systems in a report on Friday, June 6th. UBS Group boosted their price objective on shares of Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Raymond James Financial reiterated a "strong-buy" rating on shares of Casella Waste Systems in a research note on Wednesday, April 16th. Finally, TD Cowen assumed 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. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Casella Waste Systems currently has an average rating of "Moderate Buy" and a consensus price target of $122.67.

Casella Waste Systems Stock Down 1.0%

CWST traded down $1.20 during trading on Friday, hitting $115.31. The company had a trading volume of 742,554 shares, compared to its average volume of 391,225. The company has a market cap of $7.32 billion, a PE ratio of 524.16, a P/E/G ratio of 4.22 and a beta of 0.86. The business has a 50-day moving average of $116.23 and a 200-day moving average of $111.85. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.96 and a quick ratio of 1.87. Casella Waste Systems, Inc. has a 1-year low of $91.01 and a 1-year high of $121.24.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its earnings results on Thursday, May 1st. The industrial products company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.08. Casella Waste Systems had a net margin of 0.79% and a return on equity of 4.69%. The firm had revenue of $417.10 million during the quarter, compared to analyst estimates of $403.64 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The firm's revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Insider Buying and Selling at Casella Waste Systems

In other news, SVP Paul Ligon sold 2,000 shares of the company's stock in a transaction dated Wednesday, April 16th. The shares were 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 owns 20,347 shares in the company, valued at approximately $2,414,578.49. This represents a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Edmond Coletta sold 5,562 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $119.18, for a total transaction of $662,879.16. Following the transaction, the president now owns 150,093 shares of the company's stock, valued at $17,888,083.74. This represents a 3.57% decrease in their position. The disclosure for this sale can be found here. 3.81% of the stock is owned by insiders.

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.