ProShare Advisors LLC Boosts Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

ProShare Advisors LLC boosted its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 50.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,587 shares of the industrial products company's stock after acquiring an additional 5,920 shares during the period. ProShare Advisors LLC's holdings in Casella Waste Systems were worth $1,861,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Mather Group LLC. raised its holdings in shares of Casella Waste Systems by 1,606.7% in 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 during the last quarter. Covestor Ltd raised 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 worth $29,000 after buying an additional 153 shares during the last quarter. Quarry LP purchased a new position in shares of Casella Waste Systems in the fourth quarter worth $30,000. Jones Financial Companies Lllp raised 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 worth $34,000 after buying an additional 194 shares during the last quarter. Finally, Huntington National Bank raised 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 worth $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.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CWST. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a report on Friday, February 14th. Stifel Nicolaus raised their target price on shares of Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. UBS Group raised their target price on shares of Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Raymond James reissued a "strong-buy" rating on shares of Casella Waste Systems in a report on Wednesday, April 16th. Finally, Jefferies Financial Group cut shares of Casella Waste Systems from a "buy" rating to a "hold" rating and reduced their target price for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Casella Waste Systems presently has an average rating of "Moderate Buy" and an average target price of $122.67.

Insider Activity

In other news, President Edmond Coletta sold 5,562 shares of Casella Waste Systems stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $119.18, for a total value of $662,879.16. Following the sale, the president now owns 150,093 shares in the company, valued at $17,888,083.74. This trade represents a 3.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Paul Ligon sold 2,000 shares of Casella Waste Systems stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $118.67, for a total transaction of $237,340.00. Following the completion of the sale, the senior vice president now owns 20,347 shares in the company, 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. Company insiders own 4.24% of the company's stock.

Casella Waste Systems Stock Up 0.2%

CWST stock opened at $116.19 on Wednesday. The firm has a market cap of $7.37 billion, a PE ratio of 505.17, 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. The firm's fifty day moving average is $113.52 and its 200 day moving average is $110.44. Casella Waste Systems, Inc. has a one year low of $91.01 and a one year high of $121.24.

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, beating the consensus estimate of $0.11 by $0.08. The company had revenue of $417.10 million for 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%. The firm's 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. On average, research analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

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.

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