Sandia Investment Management LP Reduces Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Sandia Investment Management LP decreased its stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,500 shares of the industrial products company's stock after selling 2,500 shares during the period. Sandia Investment Management LP's holdings in Casella Waste Systems were worth $265,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mather Group LLC. grew its holdings in Casella Waste Systems by 1,606.7% during the fourth 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 period. Covestor Ltd increased its holdings in Casella Waste Systems by 124.4% in the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock worth $29,000 after acquiring an additional 153 shares during the last quarter. Quarry LP purchased a new stake in Casella Waste Systems during the fourth quarter valued at about $30,000. Jones Financial Companies Lllp boosted its position in 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 worth $34,000 after purchasing an additional 194 shares during the period. Finally, Huntington National Bank increased its stake in shares of Casella Waste Systems by 171.6% in the fourth quarter. Huntington National Bank now owns 364 shares of the industrial products company's stock worth $39,000 after purchasing an additional 230 shares in the last quarter. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on CWST. UBS Group raised their price objective on shares of Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, April 11th. TD Cowen began coverage on Casella Waste Systems in a research note on Wednesday, April 9th. They set a "buy" rating and a $130.00 price objective on the stock. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Stifel Nicolaus boosted their price objective on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, Raymond James restated a "strong-buy" rating on shares of Casella Waste Systems in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $122.67.

Casella Waste Systems Trading Down 1.3%

Shares of CWST traded down $1.54 during mid-day trading on Wednesday, reaching $114.65. The company's stock had a trading volume of 383,582 shares, compared to its average volume of 381,765. Casella Waste Systems, Inc. has a 52 week low of $91.01 and a 52 week high of $121.24. The stock has a market cap of $7.28 billion, a PE ratio of 498.48, a P/E/G ratio of 3.86 and a beta of 0.89. The company's fifty day moving average price is $113.52 and its two-hundred day moving average price is $110.44. The company has a current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70.

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

Insiders Place Their Bets

In other news, SVP Paul Ligon sold 2,000 shares of Casella Waste Systems stock in a transaction dated 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 owns 20,347 shares of the company's stock, valued at approximately $2,414,578.49. The trade was a 8.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Edmond Coletta sold 5,562 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $119.18, for a total transaction of $662,879.16. Following the completion of the transaction, the president now directly owns 150,093 shares of the company's stock, valued at approximately $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. Insiders own 4.24% 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.