Jennison Associates LLC Has $44.93 Million Stock Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Jennison Associates LLC raised its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 1.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 402,879 shares of the industrial products company's stock after purchasing an additional 5,618 shares during the quarter. Jennison Associates LLC owned 0.64% of Casella Waste Systems worth $44,925,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its position in 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 in the last quarter. Wasatch Advisors LP boosted its stake in shares of Casella Waste Systems by 48.2% during 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 in the last quarter. Invesco Ltd. grew its holdings in shares of Casella Waste Systems by 0.8% during the fourth 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 increased its stake in shares of Casella Waste Systems by 13.1% in the fourth quarter. Wellington Management Group LLP now owns 1,644,476 shares of the industrial products company's stock valued at $174,002,000 after buying an additional 190,023 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Casella Waste Systems by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,446,875 shares of the industrial products company's stock valued at $153,129,000 after buying an additional 15,917 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.

Casella Waste Systems Stock Down 1.5%

Casella Waste Systems stock opened at $107.94 on Friday. The firm has a 50 day moving average price of $114.76 and a 200-day moving average price of $112.43. The company has a quick ratio of 1.87, a current ratio of 1.96 and a debt-to-equity ratio of 0.72. Casella Waste Systems, Inc. has a twelve month low of $91.01 and a twelve month high of $121.24. The company has a market capitalization of $6.85 billion, a P/E ratio of 490.66, a P/E/G ratio of 3.95 and a beta of 0.84.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.08. The firm had revenue of $417.10 million during the quarter, compared to analyst estimates of $403.64 million. Casella Waste Systems had a net margin of 0.79% and a return on equity of 4.69%. The company's quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the business earned $0.15 earnings per share. As a group, equities analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Insider Transactions at Casella Waste Systems

In other Casella Waste Systems news, President Edmond Coletta sold 5,562 shares of Casella Waste Systems 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 owned 150,093 shares of the company's stock, valued at $17,888,083.74. The trade was a 3.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.81% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Cowen reiterated a "buy" rating on shares of Casella Waste Systems in a report on Friday, June 6th. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Casella Waste Systems in a research note on Wednesday, April 16th. TD Cowen initiated coverage on shares of Casella Waste Systems in a research report on Wednesday, April 9th. They set a "buy" rating and a $130.00 price objective on the stock. Finally, UBS Group raised their target price on Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.67.

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.

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