Balyasny Asset Management L.P. Sells 50,803 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Balyasny Asset Management L.P. cut its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 96.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,106 shares of the industrial products company's stock after selling 50,803 shares during the period. Balyasny Asset Management L.P.'s holdings in Casella Waste Systems were worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CWST. Barclays PLC raised its position in Casella Waste Systems by 29.0% during the third quarter. Barclays PLC now owns 131,906 shares of the industrial products company's stock valued at $13,122,000 after purchasing an additional 29,686 shares during the period. Park Avenue Securities LLC raised its position in Casella Waste Systems by 17.1% during the fourth quarter. Park Avenue Securities LLC now owns 7,095 shares of the industrial products company's stock valued at $751,000 after purchasing an additional 1,034 shares during the period. Integrated Investment Consultants LLC grew its stake in shares of Casella Waste Systems by 2.2% during the fourth quarter. Integrated Investment Consultants LLC now owns 7,607 shares of the industrial products company's stock valued at $805,000 after buying an additional 165 shares during the last quarter. Harbor Investment Advisory LLC grew its stake in shares of Casella Waste Systems by 30.2% during the fourth quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company's stock valued at $84,000 after buying an additional 185 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Casella Waste Systems by 69.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the industrial products company's stock valued at $158,000 after buying an additional 611 shares during the last quarter. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Casella Waste Systems Trading Up 0.1%

NASDAQ:CWST traded up $0.15 during midday trading on Friday, hitting $115.65. The stock had a trading volume of 271,329 shares, compared to its average volume of 383,078. Casella Waste Systems, Inc. has a one year low of $91.01 and a one year high of $121.24. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 502.83, a PEG ratio of 3.86 and a beta of 0.89. The stock has a 50-day moving average of $113.95 and a 200 day moving average of $110.68. The company has a quick ratio of 2.48, a current ratio of 2.00 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 (EPS) 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 company had revenue of $417.10 million for the quarter, compared to analysts' expectations of $403.64 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. Casella Waste Systems's revenue was up 22.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Raymond James reaffirmed a "strong-buy" rating on shares of Casella Waste Systems in a research note on Wednesday, April 16th. TD Cowen assumed coverage on Casella Waste Systems in a research note on Wednesday, April 9th. They set a "buy" rating and a $130.00 target price on the stock. 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 note on Friday, April 11th. Finally, Stifel Nicolaus upped their target price on Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $122.67.

Insider Buying and Selling

In other Casella Waste Systems news, SVP Paul Ligon sold 2,000 shares of the stock in a transaction 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 sale, the senior vice president now owns 20,347 shares of the company's stock, valued at approximately $2,414,578.49. This trade represents a 8.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Edmond Coletta sold 5,562 shares of the stock in a transaction on 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 directly owns 150,093 shares in the company, valued at $17,888,083.74. This trade represents a 3.57% decrease in their position. The disclosure for this sale can be found here. 4.24% 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.