Two Sigma Investments LP Purchases 2,544 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Two Sigma Investments LP increased its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 14.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,118 shares of the industrial products company's stock after purchasing an additional 2,544 shares during the quarter. Two Sigma Investments LP's holdings in Casella Waste Systems were worth $2,129,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CWST. Mather Group LLC. lifted 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 in the last quarter. Covestor Ltd boosted its stake in Casella Waste Systems by 124.4% during the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock worth $29,000 after acquiring an additional 153 shares during the last quarter. Quarry LP bought a new position in shares of Casella Waste Systems during the fourth quarter worth $30,000. Jones Financial Companies Lllp grew its stake in 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 acquiring an additional 194 shares during the period. Finally, Huntington National Bank grew its position in shares of Casella Waste Systems by 171.6% in the 4th 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 period. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Casella Waste Systems

In related news, SVP Paul Ligon sold 2,000 shares of the business's stock in a transaction 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 owns 20,347 shares in the company, valued at $2,414,578.49. The trade was a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 completion of the sale, the president now owns 150,093 shares of the company's stock, valued at approximately $17,888,083.74. The trade was a 3.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.81% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Stifel Nicolaus lifted 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. William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Raymond James restated a "strong-buy" rating on shares of Casella Waste Systems in a research note on Wednesday, April 16th. TD Cowen began coverage on shares of Casella Waste Systems in a research report on Wednesday, April 9th. They set a "buy" rating and a $130.00 price objective for the company. Finally, UBS Group upped their price target on shares of 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $122.67.

Casella Waste Systems Price Performance

Shares of NASDAQ:CWST traded down $1.05 during trading on Tuesday, hitting $115.93. 346,568 shares of the company were exchanged, compared to its average volume of 385,803. 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 capitalization of $7.36 billion, a P/E ratio of 504.04, a price-to-earnings-growth ratio of 3.86 and a beta of 0.89. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. The business's 50 day moving average is $114.61 and its 200-day moving average is $111.11.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $403.64 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The business's revenue for the quarter was up 22.3% compared to the same quarter last year. Equities analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share 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.