Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by Man Group plc

Man Group plc reduced its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 34.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,378 shares of the industrial products company's stock after selling 4,481 shares during the period. Man Group plc's holdings in Casella Waste Systems were worth $886,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Mather Group LLC. increased its stake in Casella Waste Systems by 1,606.7% during the 4th 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 increased its holdings in shares of Casella Waste Systems by 124.4% in the fourth quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 153 shares during the last quarter. Quarry LP acquired a new stake in shares of Casella Waste Systems in the fourth quarter valued at approximately $30,000. Jones Financial Companies Lllp increased its holdings in shares of Casella Waste Systems by 156.5% in the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 194 shares during the last quarter. Finally, Huntington National Bank increased its holdings in shares of 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 purchasing an additional 230 shares during the last quarter. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CWST has been the subject of several recent research reports. TD Cowen initiated coverage on Casella Waste Systems in a report on Wednesday, April 9th. They issued a "buy" rating and a $130.00 price target for the company. William Blair reiterated an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Raymond James reiterated a "strong-buy" rating on shares of Casella Waste Systems in a research report on Wednesday, April 16th. UBS Group increased their price objective on Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Finally, Stifel Nicolaus increased 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. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Casella Waste Systems presently has a consensus rating of "Moderate Buy" and an average price target of $122.67.

Insider Transactions at Casella Waste Systems

In related news, SVP Paul Ligon sold 2,000 shares of Casella Waste Systems stock in a transaction on Wednesday, April 16th. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Edmond Coletta sold 5,562 shares of Casella Waste Systems 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 owns 150,093 shares of the company's stock, valued at approximately $17,888,083.74. This trade represents a 3.57% 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 Down 1.7%

Shares of CWST traded down $1.99 during midday trading on Thursday, hitting $115.03. 145,666 shares of the stock were exchanged, compared to its average volume of 382,969. Casella Waste Systems, Inc. has a 52-week low of $91.01 and a 52-week high of $121.24. The stock has a fifty day simple moving average of $114.31 and a 200 day simple moving average of $110.88. The firm has a market cap of $7.30 billion, a P/E ratio of 499.82, a P/E/G ratio of 3.86 and a beta of 0.89. 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 (NASDAQ:CWST - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.19 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 business had revenue of $417.10 million during the quarter, compared to analyst estimates of $403.64 million. During the same period last year, the business posted $0.15 earnings per share. The company's quarterly revenue was up 22.3% on a year-over-year basis. On average, research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal 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.