Nuveen Asset Management LLC Lowers Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Nuveen Asset Management LLC trimmed its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 19.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 234,029 shares of the industrial products company's stock after selling 55,855 shares during the quarter. Nuveen Asset Management LLC owned about 0.37% of Casella Waste Systems worth $24,763,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Mather Group LLC. raised 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 purchasing an additional 241 shares during the period. Covestor Ltd raised its position in Casella Waste Systems by 124.4% during 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 in the last quarter. Quarry LP bought a new stake in Casella Waste Systems in the fourth quarter valued at approximately $30,000. Jones Financial Companies Lllp boosted its holdings in shares of Casella Waste Systems by 156.5% during the 4th quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company's stock worth $34,000 after buying an additional 194 shares during the period. Finally, Huntington National Bank increased its position in Casella Waste Systems by 171.6% during the fourth quarter. Huntington National Bank now owns 364 shares of the industrial products company's stock worth $39,000 after acquiring an additional 230 shares during the period. Institutional investors own 99.51% of the company's stock.

Casella Waste Systems Price Performance

NASDAQ CWST traded down $0.69 during trading hours on Wednesday, hitting $116.92. The company had a trading volume of 32,957 shares, compared to its average volume of 382,430. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00. The firm has a market capitalization of $7.42 billion, a price-to-earnings ratio of 508.39, a PEG ratio of 3.86 and a beta of 0.89. Casella Waste Systems, Inc. has a 52 week low of $91.01 and a 52 week high of $121.24. The firm has a 50 day simple moving average of $114.18 and a 200 day simple moving average of $110.84.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its earnings results on Thursday, May 1st. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.08. The business 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 0.87% and a return on equity of 4.15%. Casella Waste Systems's revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 earnings per share. Equities research analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Insider Transactions at Casella Waste Systems

In related 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 in the company, valued at $17,888,083.74. This represents a 3.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Paul Ligon sold 2,000 shares of the firm's 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 sale, the senior vice president now directly owns 20,347 shares of the company's stock, valued at $2,414,578.49. The trade was 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.

Analyst Ratings Changes

CWST has been the topic of a number of analyst reports. Raymond James reiterated a "strong-buy" rating on shares of Casella Waste Systems in a research note on Wednesday, April 16th. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a research note on Friday, February 14th. TD Cowen assumed 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. Stifel Nicolaus boosted their price target on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, UBS Group raised their price objective 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 research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.