Balyasny Asset Management L.P. Reduces Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Balyasny Asset Management L.P. trimmed its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 96.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CWST. Barclays PLC boosted its position in shares of 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 buying an additional 29,686 shares during the last quarter. Park Avenue Securities LLC boosted its position in shares of 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 buying an additional 1,034 shares during the last quarter. Integrated Investment Consultants LLC boosted its position 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 boosted its position 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 boosted its position 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 Stock Performance

Shares of NASDAQ CWST traded up $0.24 during trading on Tuesday, hitting $116.19. The company had a trading volume of 350,073 shares, compared to its average volume of 381,758. The stock has a 50 day simple moving average of $113.52 and a 200 day simple moving average of $110.44. 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 12 month low of $91.01 and a 12 month high of $121.24. The firm has a market capitalization of $7.37 billion, a P/E ratio of 505.17, a price-to-earnings-growth ratio of 3.86 and a beta of 0.89.

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

Insider Activity at Casella Waste Systems

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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Edmond Coletta sold 5,562 shares of Casella Waste Systems stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $119.18, for a total value of $662,879.16. Following the completion of the sale, the president now directly owns 150,093 shares in the company, valued at approximately $17,888,083.74. The trade was a 3.57% decrease in their position. The disclosure for this sale can be found here. 4.24% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CWST. Raymond James reaffirmed a "strong-buy" rating on shares of Casella Waste Systems in a research report on Wednesday, April 16th. Jefferies Financial Group downgraded Casella Waste Systems from a "buy" rating to a "hold" rating and lowered their target price for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. TD Cowen began coverage on Casella Waste Systems in a report on Wednesday, April 9th. They issued a "buy" rating and a $130.00 target price on the stock. UBS Group increased their target price on Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a report on Friday, April 11th. Finally, William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a report on Friday, February 14th. Two 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 company's stock. According to data from MarketBeat, Casella Waste Systems has an average rating of "Moderate Buy" and a consensus target price of $122.67.

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.