abrdn plc Sells 46,436 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

abrdn plc trimmed its position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 13.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 296,513 shares of the industrial products company's stock after selling 46,436 shares during the quarter. abrdn plc owned about 0.51% of Casella Waste Systems worth $25,340,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Impax Asset Management Group plc acquired a new position in shares of Casella Waste Systems in the 4th quarter worth approximately $5,128,000. TimesSquare Capital Management LLC lifted its holdings in 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 worth $72,218,000 after buying an additional 147,805 shares in the last quarter. WCM Investment Management LLC lifted its holdings in Casella Waste Systems by 8.7% during the 4th quarter. WCM Investment Management LLC now owns 227,195 shares of the industrial products company's stock worth $19,543,000 after buying an additional 18,216 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Casella Waste Systems during the 3rd quarter worth approximately $1,705,000. Finally, Comerica Bank lifted 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 worth $17,453,000 after buying an additional 206,133 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Casella Waste Systems Stock Down 0.5 %

Shares of NASDAQ CWST traded down $0.44 during mid-day trading on Wednesday, reaching $94.99. The company had a trading volume of 187,673 shares, compared to its average volume of 286,486. 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 stock has a market cap of $5.51 billion, a P/E ratio of 211.09, a PEG ratio of 6.10 and a beta of 0.90. The firm has a 50 day simple moving average of $94.37 and a two-hundred day simple moving average of $86.64.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its quarterly earnings data on Friday, February 16th. The industrial products company reported $0.13 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $360.08 million. During the same period in the previous year, the business posted $0.18 earnings per share. The company's revenue for the quarter was up 32.1% on a year-over-year basis. Sell-side analysts predict that Casella Waste Systems, Inc. will post 0.77 earnings per share for the current year.

Insiders Place Their Bets

In other Casella Waste Systems news, CEO John W. Casella sold 1,673 shares of the firm's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total transaction of $157,479.49. Following the transaction, the chief executive officer now directly owns 35,189 shares of the company's stock, valued at approximately $3,312,340.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, President Edmond Coletta sold 8,271 shares of Casella Waste Systems stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $90.30, for a total value of $746,871.30. Following the sale, the president now owns 168,556 shares of the company's stock, valued at $15,220,606.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John W. Casella sold 1,673 shares of Casella Waste Systems stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total transaction of $157,479.49. Following the completion of the sale, the chief executive officer now directly owns 35,189 shares in the company, valued at approximately $3,312,340.57. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,238 shares of company stock valued at $1,026,395. Insiders own 5.05% 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.