Natixis Advisors L.P. Sells 20,876 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Natixis Advisors L.P. reduced its position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 27.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 54,236 shares of the industrial products company's stock after selling 20,876 shares during the period. Natixis Advisors L.P. owned 0.09% of Casella Waste Systems worth $4,635,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CWST. William Blair Investment Management LLC raised its position in shares of Casella Waste Systems by 1.8% in the third quarter. William Blair Investment Management LLC now owns 3,047,265 shares of the industrial products company's stock worth $232,506,000 after buying an additional 55,066 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Casella Waste Systems by 3.5% during the third quarter. JPMorgan Chase & Co. now owns 2,679,013 shares of the industrial products company's stock worth $204,409,000 after purchasing an additional 91,431 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Casella Waste Systems by 41.5% in the third quarter. Ameriprise Financial Inc. now owns 1,953,863 shares of the industrial products company's stock worth $149,080,000 after purchasing an additional 572,792 shares during the last quarter. Fred Alger Management LLC increased its holdings in Casella Waste Systems by 0.4% during the 3rd quarter. Fred Alger Management LLC now owns 1,376,089 shares of the industrial products company's stock valued at $104,996,000 after purchasing an additional 4,844 shares during the period. Finally, TimesSquare Capital Management LLC raised its position 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 valued at $72,218,000 after purchasing an additional 147,805 shares during the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 transaction of $157,479.49. Following the completion of the transaction, the chief executive officer now owns 35,189 shares in the company, valued at $3,312,340.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, President Edmond Coletta sold 733 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the president now directly owns 170,486 shares in the company, valued at approximately $16,078,534.66. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John W. Casella sold 1,673 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total value of $157,479.49. Following the completion of the transaction, the chief executive officer now directly owns 35,189 shares in the company, valued at $3,312,340.57. The disclosure for this sale can be found here. Insiders have sold 11,238 shares of company stock worth $1,026,395 in the last 90 days. Insiders own 4.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CWST. 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 shares of Casella Waste Systems from $95.00 to $100.00 and gave the company an "overweight" rating in a report on Tuesday, February 20th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $101.50.

Casella Waste Systems Stock Up 0.8 %

Shares of CWST stock traded up $0.73 during mid-day trading on Friday, reaching $97.51. 237,352 shares of the company's stock traded hands, compared to its average volume of 256,219. The company's 50-day moving average price is $94.84 and its 200-day moving average price is $87.97. The company has a market cap of $5.65 billion, a P/E ratio of 314.55, a P/E/G ratio of 6.17 and a beta of 0.92. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.96. Casella Waste Systems, Inc. has a 12 month low of $72.97 and a 12 month high of $100.29.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported ($0.01) earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.01. Casella Waste Systems had a net margin of 1.32% and a return on equity of 4.47%. The business had revenue of $341.00 million for the quarter, compared to analysts' expectations of $340.70 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. The business's revenue was up 29.9% compared to the same quarter last year. On average, equities analysts expect that Casella Waste Systems, Inc. will post 0.79 earnings per share for the current fiscal year.

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.