Northern Trust Corp Acquires 64,185 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Northern Trust Corp grew its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 786,478 shares of the industrial products company's stock after buying an additional 64,185 shares during the quarter. Northern Trust Corp owned 1.24% of Casella Waste Systems worth $83,217,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Mather Group LLC. boosted its stake in Casella Waste Systems by 1,606.7% during the 4th quarter. Mather Group LLC. now owns 256 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 241 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Casella Waste Systems by 124.4% in the fourth quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 153 shares in the last quarter. Quarry LP purchased a new position in shares of Casella Waste Systems during the fourth quarter valued at approximately $30,000. Jones Financial Companies Lllp boosted its position in shares of Casella Waste Systems by 156.5% during the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company's stock valued at $34,000 after buying an additional 194 shares during the last quarter. Finally, Huntington National Bank grew its holdings in Casella Waste Systems by 171.6% during the fourth quarter. Huntington National Bank now owns 364 shares of the industrial products company's stock worth $39,000 after buying an additional 230 shares in the last quarter. 99.51% of the stock is owned by institutional investors.

Casella Waste Systems Stock Performance

CWST traded up $0.03 during midday trading on Friday, reaching $118.50. The company had a trading volume of 264,580 shares, compared to its average volume of 370,318. Casella Waste Systems, Inc. has a 12-month low of $91.01 and a 12-month high of $121.24. The business has a 50-day moving average price of $112.84 and a two-hundred day moving average price of $109.80. The stock has a market cap of $7.51 billion, a PE ratio of 515.22, a P/E/G ratio of 3.86 and a beta of 0.89. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its earnings results on Thursday, May 1st. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.08. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. The business had revenue of $417.10 million during the quarter, compared to the consensus estimate of $403.64 million. During the same period last year, the business posted $0.15 earnings per share. The business's revenue for the quarter was up 22.3% on a year-over-year basis. On average, sell-side analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Insider Activity at Casella Waste Systems

In other Casella Waste Systems news, SVP Paul Ligon sold 2,000 shares of the stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $118.67, for a total transaction of $237,340.00. Following the sale, the senior vice president now owns 20,347 shares in the company, valued at $2,414,578.49. This represents a 8.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Edmond Coletta sold 5,562 shares of Casella Waste Systems stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $119.18, for a total value of $662,879.16. Following the completion of the transaction, the president now owns 150,093 shares of the company's stock, valued at approximately $17,888,083.74. This trade represents a 3.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CWST shares. TD Cowen initiated coverage on shares of Casella Waste Systems in a report on Wednesday, April 9th. They set a "buy" rating and a $130.00 price objective on the stock. Raymond James reissued a "strong-buy" rating on shares of Casella Waste Systems in a research report on Wednesday, April 16th. Jefferies Financial Group downgraded shares of Casella Waste Systems from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. Stifel Nicolaus lifted their target price on shares of Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Finally, William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Casella Waste Systems currently has a consensus rating of "Moderate Buy" and an average price target of $122.67.

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.