Casella Waste Systems, Inc. (NASDAQ:CWST) Position Lowered by Raymond James & Associates

Raymond James & Associates cut its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 11.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 228,803 shares of the industrial products company's stock after selling 28,500 shares during the quarter. Raymond James & Associates owned approximately 0.39% of Casella Waste Systems worth $19,553,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. TimesSquare Capital Management LLC increased its position in shares of Casella Waste Systems by 18.5% during the 3rd quarter. TimesSquare Capital Management LLC now owns 946,497 shares of the industrial products company's stock valued at $72,218,000 after purchasing an additional 147,805 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Casella Waste Systems during the 3rd quarter valued at about $1,705,000. Comerica Bank boosted its holdings in Casella Waste Systems by 911.9% during the 3rd quarter. Comerica Bank now owns 228,737 shares of the industrial products company's stock valued at $17,453,000 after acquiring an additional 206,133 shares during the period. William Blair Investment Management LLC boosted its holdings in Casella Waste Systems by 1.8% during the 3rd quarter. William Blair Investment Management LLC now owns 3,047,265 shares of the industrial products company's stock valued at $232,506,000 after acquiring an additional 55,066 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in Casella Waste Systems by 26.3% during the 3rd quarter. Van ECK Associates Corp now owns 36,796 shares of the industrial products company's stock valued at $2,807,000 after acquiring an additional 7,666 shares during the period. 99.51% of the stock is currently owned by institutional investors.

Insider Activity

In other news, President Edmond Coletta sold 733 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $94.31, for a total value of $69,129.23. Following the completion of the transaction, the president now owns 170,486 shares in the company, valued at approximately $16,078,534.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Casella Waste Systems news, CEO John W. Casella sold 1,673 shares of Casella Waste Systems stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $94.13, for a total value of $157,479.49. Following the completion of the sale, the chief executive officer now owns 35,189 shares of the company's stock, valued at approximately $3,312,340.57. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Edmond Coletta sold 733 shares of Casella Waste Systems stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $94.31, for a total value of $69,129.23. Following the transaction, the president now owns 170,486 shares in the company, valued at $16,078,534.66. The disclosure for this sale can be found here. Insiders sold a total of 11,238 shares of company stock worth $1,026,395 in the last quarter. 5.05% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. StockNews.com upgraded Casella Waste Systems from a "sell" rating to a "hold" rating in a report on Friday, February 16th. Wells Fargo & Company increased their target price on Casella Waste Systems from $95.00 to $100.00 and gave the company an "overweight" rating in a report on Tuesday, February 20th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $99.71.

Casella Waste Systems Trading Down 2.3 %

NASDAQ CWST traded down $2.21 on Tuesday, hitting $95.04. The company's stock had a trading volume of 345,193 shares, compared to its average volume of 295,381. Casella Waste Systems, Inc. has a 52-week low of $72.97 and a 52-week high of $100.29. The company has a current ratio of 1.53, a quick ratio of 1.46 and a debt-to-equity ratio of 0.99. The company's 50-day simple moving average is $91.91 and its 200 day simple moving average is $84.82. The firm has a market cap of $5.51 billion, a P/E ratio of 211.20, a PEG ratio of 6.43 and a beta of 0.90.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its quarterly earnings data on Friday, February 16th. The industrial products company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.03). Casella Waste Systems had a return on equity of 5.81% and a net margin of 2.01%. The business had revenue of $359.57 million during the quarter, compared to analysts' expectations of $360.08 million. During the same quarter last year, the business posted $0.18 EPS. The company's quarterly revenue was up 32.1% compared to the same quarter last year. Research analysts predict that Casella Waste Systems, Inc. will post 0.77 EPS for the current fiscal year.

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.