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

Northern Trust Corp lifted its position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 about 1.24% of Casella Waste Systems worth $83,217,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CWST. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Casella Waste Systems by 87.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 78,549 shares of the industrial products company's stock worth $7,815,000 after buying an additional 36,573 shares during the period. Bank of Montreal Can raised its stake in Casella Waste Systems by 71.7% during the 4th quarter. Bank of Montreal Can now owns 5,200 shares of the industrial products company's stock valued at $550,000 after purchasing an additional 2,172 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Casella Waste Systems by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 607,954 shares of the industrial products company's stock valued at $64,328,000 after purchasing an additional 14,369 shares during the period. Empowered Funds LLC acquired a new stake in Casella Waste Systems in the 4th quarter worth $201,000. Finally, Principal Securities Inc. increased its holdings in shares of Casella Waste Systems by 11.0% during the 4th quarter. Principal Securities Inc. now owns 1,979 shares of the industrial products company's stock worth $209,000 after purchasing an additional 196 shares during the period. Institutional investors and hedge funds own 99.51% of the company's stock.

Casella Waste Systems Stock Performance

Shares of CWST stock traded down $1.78 during trading on Thursday, reaching $118.47. 399,508 shares of the company's stock were exchanged, compared to its average volume of 369,504. The firm's fifty day moving average price is $112.65 and its 200-day moving average price is $109.55. Casella Waste Systems, Inc. has a twelve month low of $91.01 and a twelve month high of $122.00. The stock has a market capitalization of $7.51 billion, a PE ratio of 515.09, a PEG ratio of 3.86 and a beta of 0.89. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its earnings results on Thursday, May 1st. The industrial products company reported $0.19 earnings per share 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 company had revenue of $417.10 million during the quarter, compared to the consensus estimate of $403.64 million. During the same quarter last year, the firm earned $0.15 earnings per share. The company's revenue was up 22.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Insider Activity at Casella Waste Systems

In other Casella Waste Systems news, SVP Paul Ligon sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $118.67, for a total transaction of $237,340.00. Following the sale, the senior vice president now directly owns 20,347 shares of the company's stock, valued at $2,414,578.49. The trade was a 8.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Edmond Coletta sold 5,562 shares of the 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 sale, the president now owns 150,093 shares of the company's stock, valued at $17,888,083.74. The trade was 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 insiders.

Wall Street Analyst Weigh In

CWST has been the topic of a number of research reports. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Raymond James reaffirmed a "strong-buy" rating on shares of Casella Waste Systems in a report on Wednesday, April 16th. TD Cowen began coverage on shares of Casella Waste Systems in a research note on Wednesday, April 9th. They issued a "buy" rating and a $130.00 target price on the stock. Stifel Nicolaus lifted their price objective on Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Finally, UBS Group raised their target price on Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Two 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.