Millennium Management LLC Sells 141,635 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Millennium Management LLC decreased its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 77.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,035 shares of the industrial products company's stock after selling 141,635 shares during the quarter. Millennium Management LLC owned 0.06% of Casella Waste Systems worth $4,342,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in Casella Waste Systems by 29.0% during the third quarter. Barclays PLC now owns 131,906 shares of the industrial products company's stock worth $13,122,000 after acquiring an additional 29,686 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Casella Waste Systems by 69.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the industrial products company's stock worth $158,000 after purchasing an additional 611 shares in the last quarter. KBC Group NV increased its stake in shares of Casella Waste Systems by 71.1% in the fourth quarter. KBC Group NV now owns 2,497 shares of the industrial products company's stock valued at $264,000 after buying an additional 1,038 shares in the last quarter. Jennison Associates LLC lifted its position in Casella Waste Systems by 2.0% during the 4th quarter. Jennison Associates LLC now owns 397,261 shares of the industrial products company's stock worth $42,034,000 after buying an additional 7,910 shares in the last quarter. Finally, Longboard Asset Management LP acquired a new stake in shares of Casella Waste Systems in the fourth quarter valued at approximately $221,000. 99.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CWST. Stifel Nicolaus increased their price target on Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Raymond James reissued a "strong-buy" rating on shares of Casella Waste Systems in a report on Wednesday, April 16th. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a report on Friday, February 14th. TD Cowen began coverage on Casella Waste Systems in a research note on Wednesday, April 9th. They issued a "buy" rating and a $130.00 price target for the company. Finally, UBS Group boosted their target price 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. Two research 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.67.

Casella Waste Systems Stock Performance

NASDAQ:CWST traded down $1.07 on Tuesday, reaching $115.91. 30,120 shares of the company's stock were exchanged, compared to its average volume of 384,580. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 503.96, 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 current ratio of 2.00 and a quick ratio of 2.48. The stock has a fifty day simple moving average of $114.61 and a 200-day simple moving average of $111.11. Casella Waste Systems, Inc. has a 52 week low of $91.01 and a 52 week high of $121.24.

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 for the quarter, beating the consensus estimate of $0.11 by $0.08. The firm 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 business's quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the company posted $0.15 EPS. As a group, sell-side analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Insiders Place Their Bets

In other Casella Waste Systems news, President Edmond Coletta sold 5,562 shares of the company's stock in a transaction that occurred 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 completion of 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 at the SEC website. Also, SVP Paul Ligon sold 2,000 shares of the stock in a transaction that occurred 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 sale, the senior vice president now owns 20,347 shares of the company's stock, 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. 3.81% of the stock is currently owned by insiders.

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.