BNP Paribas Financial Markets Has $980,000 Stock Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

BNP Paribas Financial Markets decreased its position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 71.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,265 shares of the industrial products company's stock after selling 22,941 shares during the period. BNP Paribas Financial Markets' holdings in Casella Waste Systems were worth $980,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CWST. Vanguard Group Inc. boosted its position in shares of Casella Waste Systems by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 6,110,529 shares of the industrial products company's stock worth $646,555,000 after purchasing an additional 123,001 shares during the period. Wasatch Advisors LP lifted its position in shares of Casella Waste Systems by 48.2% during the 4th quarter. Wasatch Advisors LP now owns 2,577,308 shares of the industrial products company's stock worth $272,705,000 after purchasing an additional 838,086 shares during the last quarter. Invesco Ltd. lifted its position in shares of Casella Waste Systems by 0.8% during the 4th quarter. Invesco Ltd. now owns 1,830,220 shares of the industrial products company's stock worth $193,656,000 after purchasing an additional 13,678 shares during the last quarter. Wellington Management Group LLP raised its stake in Casella Waste Systems by 13.1% during the 4th quarter. Wellington Management Group LLP now owns 1,644,476 shares of the industrial products company's stock worth $174,002,000 after acquiring an additional 190,023 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Casella Waste Systems by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 1,446,875 shares of the industrial products company's stock worth $153,129,000 after acquiring an additional 15,917 shares in the last quarter. Hedge funds and other institutional investors own 99.51% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on CWST. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Raymond James reissued a "strong-buy" rating on shares of Casella Waste Systems in a report on Wednesday, April 16th. Stifel Nicolaus boosted their price objective on shares of Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. TD Cowen began coverage on shares of Casella Waste Systems in a report on Wednesday, April 9th. They issued a "buy" rating and a $130.00 price target on the stock. Finally, UBS Group boosted 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. Two equities research 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $122.67.

Insider Transactions at Casella Waste Systems

In other news, President Edmond Coletta sold 5,562 shares of the company's 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 completion of the transaction, the president now directly owns 150,093 shares in the company, valued at approximately $17,888,083.74. This represents a 3.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Paul Ligon sold 2,000 shares of the stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $118.67, for a total transaction of $237,340.00. Following 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 disclosure for this sale can be found here. Company insiders own 4.24% of the company's stock.

Casella Waste Systems Trading Up 0.1%

CWST stock traded up $0.15 on Monday, hitting $115.65. 271,329 shares of the company were exchanged, compared to its average volume of 384,035. Casella Waste Systems, Inc. has a twelve month low of $91.01 and a twelve month high of $121.24. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.00 and a quick ratio of 2.48. The business's fifty day moving average is $114.04 and its two-hundred day moving average is $110.79. The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of 502.83, a price-to-earnings-growth ratio of 3.86 and a beta of 0.89.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.08. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. The company had revenue of $417.10 million during the quarter, compared to analyst estimates of $403.64 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The business's quarterly revenue was up 22.3% compared to the same quarter last year. As a group, research analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

About Casella Waste Systems

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.