Zimmer Partners LP Trims Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Zimmer Partners LP lowered its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 493,230 shares of the industrial products company's stock after selling 17,920 shares during the period. Casella Waste Systems accounts for approximately 0.9% of Zimmer Partners LP's portfolio, making the stock its 29th largest holding. Zimmer Partners LP owned 0.78% of Casella Waste Systems worth $52,189,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Casella Waste Systems

In related news, SVP Paul Ligon sold 2,000 shares of Casella Waste Systems stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Edmond Coletta sold 5,562 shares of the company's stock in a transaction that occurred on 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 approximately $17,888,083.74. This trade represents a 3.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.24% of the company's stock.

Casella Waste Systems Price Performance

Casella Waste Systems stock traded up $0.15 during mid-day trading on Friday, hitting $115.65. The stock had a trading volume of 271,329 shares, compared to its average volume of 384,035. The firm has a market capitalization 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 current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70. The firm's 50 day moving average is $113.95 and its 200 day moving average is $110.70. 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 issued its earnings results on Thursday, May 1st. The industrial products company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.08. The company had revenue of $417.10 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 EPS. On average, sell-side analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CWST has been the topic of a number of analyst reports. TD Cowen initiated coverage on Casella Waste Systems in a research report on Wednesday, April 9th. They issued a "buy" rating and a $130.00 price target on the stock. UBS Group boosted their price target on Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Stifel Nicolaus boosted their price target on Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Finally, Raymond James reissued a "strong-buy" rating on shares of Casella Waste Systems in a research report on Wednesday, April 16th. Two equities 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 stock. Based on data from MarketBeat, Casella Waste Systems currently has an average rating of "Moderate Buy" and an average target price of $122.67.

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.