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

ProShare Advisors LLC lifted its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 50.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,587 shares of the industrial products company's stock after purchasing 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.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Barclays PLC increased its position in shares of Casella Waste Systems by 29.0% in the third quarter. Barclays PLC now owns 131,906 shares of the industrial products company's stock valued at $13,122,000 after buying an additional 29,686 shares in the last quarter. Park Avenue Securities LLC grew its stake in Casella Waste Systems by 17.1% in the 4th quarter. Park Avenue Securities LLC now owns 7,095 shares of the industrial products company's stock valued at $751,000 after acquiring an additional 1,034 shares during the period. Harbor Investment Advisory LLC increased its holdings in Casella Waste Systems by 30.2% in the 4th quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company's stock worth $84,000 after acquiring an additional 185 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Casella Waste Systems by 69.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the industrial products company's stock worth $158,000 after acquiring an additional 611 shares during the period. Finally, SG Americas Securities LLC raised its position in Casella Waste Systems by 115.5% during the fourth quarter. SG Americas Securities LLC now owns 19,860 shares of the industrial products company's stock worth $2,101,000 after acquiring an additional 10,646 shares during the period. Hedge funds and other institutional investors own 99.51% of the company's stock.

Insider Activity

In other Casella Waste Systems news, SVP Paul Ligon sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $118.67, for a total value of $237,340.00. Following the transaction, the senior vice president now directly owns 20,347 shares in the company, valued at $2,414,578.49. This represents a 8.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Edmond Coletta sold 5,562 shares of Casella Waste Systems stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $119.18, for a total value of $662,879.16. Following the transaction, the president now directly owns 150,093 shares in the company, valued at approximately $17,888,083.74. This trade represents a 3.57% decrease in their position. The disclosure for this sale can be found here. Insiders own 4.24% of the company's stock.

Casella Waste Systems Trading Up 0.1%

NASDAQ:CWST traded up $0.15 during trading hours on Monday, hitting $115.65. The company had a trading volume of 271,329 shares, compared to its average volume of 384,035. Casella Waste Systems, Inc. has a 1 year low of $91.01 and a 1 year high of $121.24. The company has a market cap of $7.34 billion, a P/E ratio of 502.83, a P/E/G ratio of 3.86 and a beta of 0.89. The company has a 50-day moving average of $113.95 and a 200 day moving average of $110.73. The company has a current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its earnings results 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. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. The company had revenue of $417.10 million for the quarter, compared to analyst estimates of $403.64 million. During the same period in the previous year, the business posted $0.15 EPS. Casella Waste Systems's revenue was up 22.3% on a year-over-year basis. Sell-side analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Wall Street Analyst Weigh In

CWST has been the subject of a number of research reports. UBS Group boosted their target price on shares of Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Stifel Nicolaus lifted their price objective on Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. TD Cowen assumed coverage on Casella Waste Systems in a report on Wednesday, April 9th. They set a "buy" rating and a $130.00 target price for the company. Raymond James restated a "strong-buy" rating on shares of Casella Waste Systems in a research report on Wednesday, April 16th. Finally, William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.