MML Investors Services LLC Buys 2,879 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

MML Investors Services LLC boosted its stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 14.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 23,247 shares of the industrial products company's stock after buying an additional 2,879 shares during the period. MML Investors Services LLC's holdings in Casella Waste Systems were worth $2,460,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CWST. Vanguard Group Inc. grew its position in shares of Casella Waste Systems by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 6,110,529 shares of the industrial products company's stock valued at $646,555,000 after purchasing an additional 123,001 shares during the last quarter. Wasatch Advisors LP increased its position in Casella Waste Systems by 48.2% during the 4th quarter. Wasatch Advisors LP now owns 2,577,308 shares of the industrial products company's stock worth $272,705,000 after buying an additional 838,086 shares during the period. Invesco Ltd. lifted its holdings in shares of Casella Waste Systems by 0.8% during the fourth quarter. Invesco Ltd. now owns 1,830,220 shares of the industrial products company's stock worth $193,656,000 after buying an additional 13,678 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Casella Waste Systems by 13.1% during the 4th quarter. Wellington Management Group LLP now owns 1,644,476 shares of the industrial products company's stock worth $174,002,000 after purchasing an additional 190,023 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Casella Waste Systems by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 1,446,875 shares of the industrial products company's stock valued at $153,129,000 after buying an additional 15,917 shares in the last quarter. 99.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. UBS Group upped their price objective on shares of Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. TD Cowen initiated coverage on Casella Waste Systems in a research note on Wednesday, April 9th. They issued a "buy" rating and a $130.00 price target on the stock. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Stifel Nicolaus lifted their target price on Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group lowered shares of Casella Waste Systems from a "buy" rating to a "hold" rating and decreased their price target for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $122.67.

Casella Waste Systems Trading Up 0.6 %

Shares of Casella Waste Systems stock traded up $0.71 on Friday, hitting $118.04. The stock had a trading volume of 160,114 shares, compared to its average volume of 437,933. Casella Waste Systems, Inc. has a twelve month low of $91.01 and a twelve month high of $120.69. 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 $7.48 billion, a P/E ratio of 513.54, a PEG ratio of 3.86 and a beta of 0.96. The stock has a 50 day moving average of $111.94 and a 200 day moving average of $109.17.

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

Insider Activity

In other news, SVP Paul Ligon sold 2,000 shares of the business's 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 owns 20,347 shares in the company, valued at approximately $2,414,578.49. The trade was a 8.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.24% of the company's stock.

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.