Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,543,256 shares of the industrial products company's stock after selling 170,348 shares during the quarter. Allspring Global Investments Holdings LLC owned 2.66% of Casella Waste Systems worth $131,887,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CWST. Bank of New York Mellon Corp raised its position in Casella Waste Systems by 7.2% in the 1st quarter. Bank of New York Mellon Corp now owns 238,043 shares of the industrial products company's stock worth $20,865,000 after buying an additional 16,077 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of Casella Waste Systems during the 1st quarter valued at about $244,000. MetLife Investment Management LLC increased its position in shares of Casella Waste Systems by 54.9% during the 1st quarter. MetLife Investment Management LLC now owns 25,964 shares of the industrial products company's stock valued at $2,276,000 after purchasing an additional 9,202 shares during the last quarter. Synovus Financial Corp increased its position in shares of Casella Waste Systems by 4.3% during the 1st quarter. Synovus Financial Corp now owns 11,014 shares of the industrial products company's stock valued at $962,000 after purchasing an additional 456 shares during the last quarter. Finally, Blair William & Co. IL purchased a new stake in shares of Casella Waste Systems during the 1st quarter valued at about $453,000. Hedge funds and other institutional investors own 99.51% of the company's stock.

Insiders Place Their Bets

In other Casella Waste Systems news, President Edmond Coletta sold 733 shares of the stock in a transaction 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 sale, the president now owns 170,486 shares in the company, valued at $16,078,534.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO John W. Casella sold 1,673 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $94.13, for a total transaction of $157,479.49. Following the transaction, 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 Securities & Exchange Commission, which is available through this link. Also, President Edmond Coletta sold 733 shares of the stock in a transaction 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 transaction, the president now directly owns 170,486 shares in the company, valued at approximately $16,078,534.66. The disclosure for this sale can be found here. Insiders have sold a total of 11,238 shares of company stock worth $1,026,395 over the last quarter. Company insiders own 5.05% of the company's stock.

Wall Street Analyst Weigh In

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

Casella Waste Systems Price Performance

Shares of NASDAQ CWST traded up $1.06 during midday trading on Tuesday, reaching $96.72. 185,033 shares of the stock traded hands, compared to its average volume of 292,875. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.53 and a quick ratio of 1.46. The stock has a market capitalization of $5.61 billion, a PE ratio of 214.94, a P/E/G ratio of 6.13 and a beta of 0.90. Casella Waste Systems, Inc. has a one year low of $72.97 and a one year high of $100.29. The company's 50 day moving average is $92.85 and its 200 day moving average is $85.31.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its quarterly earnings results 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 net margin of 2.01% and a return on equity of 5.81%. The company had revenue of $359.57 million for the quarter, compared to analysts' expectations of $360.08 million. During the same quarter in the previous year, the company posted $0.18 EPS. The business's quarterly revenue was up 32.1% on a year-over-year basis. On average, equities research analysts anticipate that Casella Waste Systems, Inc. will post 0.77 earnings per share for the current 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.