Asset Management One Co. Ltd. Acquires 19,413 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Asset Management One Co. Ltd. increased its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 12.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 170,703 shares of the industrial products company's stock after buying an additional 19,413 shares during the period. Asset Management One Co. Ltd. owned 0.27% of Casella Waste Systems worth $18,987,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Covestor Ltd lifted its holdings in shares of 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 acquiring an additional 153 shares during the last quarter. NBC Securities Inc. bought a new stake in Casella Waste Systems during the 1st quarter valued at approximately $31,000. Quarry LP bought a new position in shares of Casella Waste Systems in the 4th quarter worth approximately $30,000. Opal Wealth Advisors LLC bought a new position in shares of Casella Waste Systems in the 1st quarter worth approximately $34,000. Finally, 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 valued at $34,000 after purchasing an additional 194 shares in the last quarter. 99.51% of the stock is owned by institutional investors.

Casella Waste Systems Stock Down 2.8%

CWST stock opened at $114.42 on Thursday. The firm's fifty day simple moving average is $116.32 and its 200-day simple moving average is $111.72. The company has a market capitalization of $7.26 billion, a P/E ratio of 520.11, a price-to-earnings-growth ratio of 4.30 and a beta of 0.86. 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 12 month low of $91.01 and a 12 month high of $121.24.

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 the consensus estimate of $0.11 by $0.08. The business had revenue of $417.10 million for the quarter, compared to the consensus estimate of $403.64 million. Casella Waste Systems had a net margin of 0.79% and a return on equity of 4.69%. The business's revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. As a group, equities research analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CWST shares. TD Cowen started coverage on shares of Casella Waste Systems in a report on Wednesday, April 9th. They set a "buy" rating and a $130.00 price target on the stock. UBS Group raised their price objective on shares of Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Raymond James Financial reiterated a "strong-buy" rating on shares of Casella Waste Systems in a report on Wednesday, April 16th. Finally, Cowen reiterated a "buy" rating on shares of Casella Waste Systems in a report on Friday, June 6th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $122.67.

Insider Buying and Selling

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

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.

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