California State Teachers Retirement System Acquires 3,910 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

California State Teachers Retirement System boosted its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 7.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,277 shares of the industrial products company's stock after acquiring an additional 3,910 shares during the quarter. California State Teachers Retirement System owned about 0.09% of Casella Waste Systems worth $6,166,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Wasatch Advisors LP boosted its holdings in shares of Casella Waste Systems by 48.2% in the fourth quarter. Wasatch Advisors LP now owns 2,577,308 shares of the industrial products company's stock valued at $272,705,000 after purchasing an additional 838,086 shares during the period. Norges Bank acquired a new position in shares of Casella Waste Systems in the 4th quarter valued at $43,785,000. Raymond James Financial Inc. acquired a new position in shares of Casella Waste Systems in the 4th quarter valued at $31,326,000. Voya Investment Management LLC grew its position in Casella Waste Systems by 1,368.2% during the 4th quarter. Voya Investment Management LLC now owns 279,743 shares of the industrial products company's stock worth $29,600,000 after purchasing an additional 260,689 shares during the period. Finally, SG Capital Management LLC acquired a new stake in Casella Waste Systems during the 4th quarter worth about $26,907,000. 99.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CWST shares. Stifel Nicolaus increased their target price on shares of Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. UBS Group lifted their price target 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. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Raymond James reiterated a "strong-buy" rating on shares of Casella Waste Systems in a research note on Wednesday, April 16th. Finally, TD Cowen initiated coverage on shares of Casella Waste Systems in a research note on Wednesday, April 9th. They issued a "buy" rating and a $130.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Casella Waste Systems has an average rating of "Moderate Buy" and an average price target of $122.67.

Insider Activity

In other news, SVP Paul Ligon sold 2,000 shares of the business's stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $118.67, for a total value of $237,340.00. Following the completion of the sale, the senior vice president now owns 20,347 shares of the company's stock, valued at approximately $2,414,578.49. The trade was a 8.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Edmond Coletta sold 5,562 shares of the business'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 completion of the sale, the president now directly owns 150,093 shares of the company's stock, valued at $17,888,083.74. The trade was a 3.57% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.81% of the company's stock.

Casella Waste Systems Price Performance

Shares of CWST traded down $0.14 during mid-day trading on Thursday, reaching $116.97. 59,619 shares of the company's stock were exchanged, compared to its average volume of 384,333. Casella Waste Systems, Inc. has a 52-week low of $91.01 and a 52-week high of $121.24. The company has a 50-day simple moving average of $114.84 and a two-hundred day simple moving average of $111.19. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 508.54, a PEG ratio of 3.86 and a beta of 0.86. 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 results on Thursday, May 1st. The industrial products company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.08. The company had revenue of $417.10 million for the quarter, compared to analyst estimates of $403.64 million. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. Casella Waste Systems's revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter last year, the business earned $0.15 EPS. On average, sell-side analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

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.