Castleark Management LLC Has $6.29 Million Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Castleark Management LLC reduced its stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,400 shares of the industrial products company's stock after selling 2,560 shares during the period. Castleark Management LLC owned approximately 0.09% of Casella Waste Systems worth $6,285,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Casella Waste Systems by 12.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 150,032 shares of the industrial products company's stock valued at $15,875,000 after purchasing an additional 16,458 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Casella Waste Systems by 14.5% in the 4th quarter. Two Sigma Investments LP now owns 20,118 shares of the industrial products company's stock worth $2,129,000 after acquiring an additional 2,544 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Casella Waste Systems in the 4th quarter worth approximately $12,173,000. State of Wyoming boosted its holdings in shares of Casella Waste Systems by 7.4% in the 4th quarter. State of Wyoming now owns 2,276 shares of the industrial products company's stock worth $241,000 after acquiring an additional 156 shares in the last quarter. Finally, SG Capital Management LLC acquired a new position in shares of Casella Waste Systems in the 4th quarter worth approximately $26,907,000. 99.51% of the stock is currently owned by institutional investors.

Casella Waste Systems Trading Up 0.1%

NASDAQ:CWST traded up $0.15 during trading hours on Friday, hitting $115.65. 271,329 shares of the stock were exchanged, compared to its average volume of 384,035. The company's 50 day moving average is $113.95 and its two-hundred day moving average is $110.70. Casella Waste Systems, Inc. has a twelve month low of $91.01 and a twelve month high of $121.24. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $7.34 billion, a P/E 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 posted 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 firm had revenue of $417.10 million for the quarter, compared to the consensus estimate of $403.64 million. During the same quarter in the prior year, the business earned $0.15 EPS. The business's revenue for the quarter was up 22.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CWST shares. Stifel Nicolaus boosted their target price on 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 started 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. Raymond James reissued a "strong-buy" rating on shares of Casella Waste Systems in a report on Wednesday, April 16th. William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a report on Friday, February 14th. Finally, UBS Group boosted their target price on Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $122.67.

Insiders Place Their Bets

In other news, President Edmond Coletta sold 5,562 shares of the stock in a transaction 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 transaction, the president now owns 150,093 shares of the company's stock, valued at $17,888,083.74. This represents a 3.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value of $237,340.00. Following the completion of the transaction, the senior vice president now directly owns 20,347 shares in the company, valued at approximately $2,414,578.49. This trade represents a 8.95% decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.24% of the company's stock.

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.