Casella Waste Systems, Inc. (NASDAQ:CWST) Stock Holdings Lifted by Jennison Associates LLC

Jennison Associates LLC grew its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 405,230 shares of the industrial products company's stock after acquiring an additional 33,528 shares during the quarter. Jennison Associates LLC owned 0.70% of Casella Waste Systems worth $34,631,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Allworth Financial LP raised its stake in shares of Casella Waste Systems by 11.0% in the third quarter. Allworth Financial LP now owns 1,513 shares of the industrial products company's stock worth $115,000 after purchasing an additional 150 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in Casella Waste Systems by 5.5% during the third quarter. Orion Portfolio Solutions LLC now owns 2,995 shares of the industrial products company's stock valued at $229,000 after acquiring an additional 156 shares in the last quarter. Arizona State Retirement System raised its position in Casella Waste Systems by 1.2% during the third quarter. Arizona State Retirement System now owns 15,990 shares of the industrial products company's stock valued at $1,220,000 after acquiring an additional 187 shares in the last quarter. Amalgamated Bank raised its position in Casella Waste Systems by 3.8% during the third quarter. Amalgamated Bank now owns 8,538 shares of the industrial products company's stock valued at $651,000 after acquiring an additional 314 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in Casella Waste Systems by 2.0% during the third quarter. State Board of Administration of Florida Retirement System now owns 16,126 shares of the industrial products company's stock valued at $1,230,000 after acquiring an additional 320 shares in the last quarter. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, President Edmond Coletta sold 8,271 shares of the business's stock in a transaction on Wednesday, February 28th. The stock was 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 in the company, valued at approximately $15,220,606.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO John W. Casella sold 1,673 shares of the company's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $94.13, for a total transaction of $157,479.49. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Edmond Coletta sold 8,271 shares of the company's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $90.30, for a total value of $746,871.30. Following the transaction, the president now directly owns 168,556 shares of the company's stock, valued at $15,220,606.80. The disclosure for this sale can be found here. Insiders have sold a total of 11,238 shares of company stock valued at $1,026,395 in the last quarter. Insiders own 4.75% of the company's stock.

Casella Waste Systems Trading Down 0.7 %

Shares of Casella Waste Systems stock traded down $0.67 during trading hours on Thursday, hitting $94.32. The company's stock had a trading volume of 317,310 shares, compared to its average volume of 286,870. Casella Waste Systems, Inc. has a twelve month low of $72.97 and a twelve month high of $100.29. The firm has a fifty day moving average of $94.40 and a 200-day moving average of $86.70. The stock has a market cap of $5.47 billion, a price-to-earnings ratio of 209.60, a P/E/G ratio of 6.19 and a beta of 0.90. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.46 and a current ratio of 1.53.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its quarterly earnings results on Friday, February 16th. The industrial products company reported $0.13 EPS 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 business had revenue of $359.57 million during the quarter, compared to analyst estimates of $360.08 million. During the same period last year, the company earned $0.18 EPS. The business's revenue for the quarter was up 32.1% on a year-over-year basis. Research analysts forecast that Casella Waste Systems, Inc. will post 0.77 EPS for the current year.

Analyst Ratings Changes

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

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.