Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 45.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,253 shares of the industrial products company's stock after selling 23,800 shares during the quarter. Janus Henderson Group PLC's holdings in Casella Waste Systems were worth $2,991,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Mather Group LLC. grew its position in shares of Casella Waste Systems by 1,606.7% during the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company's stock worth $27,000 after buying an additional 241 shares in the last quarter. Covestor Ltd lifted its stake in Casella Waste Systems by 124.4% in the fourth quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock worth $29,000 after acquiring an additional 153 shares during the last quarter. Quarry LP purchased a new position in Casella Waste Systems in the fourth quarter worth approximately $30,000. Jones Financial Companies Lllp grew its stake in shares of Casella Waste Systems by 156.5% during the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company's stock worth $34,000 after purchasing an additional 194 shares in the last quarter. Finally, Huntington National Bank increased its holdings in Casella Waste Systems by 171.6% in the fourth quarter. Huntington National Bank now owns 364 shares of the industrial products company's stock valued at $39,000 after buying an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 99.51% of the company's stock.

Casella Waste Systems Stock Performance

NASDAQ CWST traded up $0.15 on Monday, reaching $115.65. The stock had a trading volume of 271,329 shares, compared to its average volume of 384,035. 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 business's 50-day moving average price is $114.04 and its 200 day moving average price is $110.79. The stock has a market cap 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 announced its earnings results on Thursday, May 1st. The industrial products company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.08. The business had revenue of $417.10 million for the quarter, compared to analysts' expectations of $403.64 million. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. The company's quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 EPS. As a group, equities analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Insider Activity

In related news, SVP Paul Ligon sold 2,000 shares of Casella Waste Systems 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 transaction, the senior vice president now directly owns 20,347 shares in the company, valued at $2,414,578.49. This trade represents a 8.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Edmond Coletta sold 5,562 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $119.18, for a total transaction of $662,879.16. Following the transaction, the president now owns 150,093 shares of the company's stock, 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. Corporate insiders own 4.24% of the company's stock.

Wall Street Analysts Forecast Growth

CWST has been the subject of several analyst reports. Stifel Nicolaus upped their price objective on Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Raymond James reaffirmed a "strong-buy" rating on shares of Casella Waste Systems in a report on Wednesday, April 16th. TD Cowen started coverage on shares of Casella Waste Systems in a report on Wednesday, April 9th. They set a "buy" rating and a $130.00 price objective on the stock. UBS Group upped their target price on shares of 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 research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus 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.