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

Sandia Investment Management LP reduced its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 50.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,500 shares of the industrial products company's stock after selling 2,500 shares during the quarter. Sandia Investment Management LP's holdings in Casella Waste Systems were worth $265,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in CWST. Mather Group LLC. lifted its holdings in shares of Casella Waste Systems by 1,606.7% in 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 stake in 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 buying an additional 153 shares during the last quarter. Quarry LP acquired a new stake in shares of Casella Waste Systems in the fourth quarter valued at approximately $30,000. Jones Financial Companies Lllp boosted its holdings in shares of Casella Waste Systems by 156.5% in the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 194 shares during the period. Finally, Huntington National Bank grew its position in shares of 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 acquiring an additional 230 shares during the last quarter. 99.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CWST has been the subject of several recent research reports. Stifel Nicolaus increased 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 note on Tuesday, February 18th. TD Cowen started coverage on Casella Waste Systems in a research report on Wednesday, April 9th. They set a "buy" rating and a $130.00 price objective for the company. Raymond James reissued a "strong-buy" rating on shares of Casella Waste Systems in a research note on Wednesday, April 16th. UBS Group raised their price objective on shares of Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Finally, William Blair reiterated an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Casella Waste Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.67.

Insiders Place Their Bets

In other news, President Edmond Coletta sold 5,562 shares of Casella Waste Systems stock in a transaction on 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 owns 150,093 shares of the company's stock, valued at $17,888,083.74. The trade was a 3.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Paul Ligon sold 2,000 shares of Casella Waste Systems stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $118.67, for a total transaction of $237,340.00. Following the transaction, 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 disclosure for this sale can be found here. 4.24% of the stock is owned by company insiders.

Casella Waste Systems Price Performance

Shares of NASDAQ CWST traded down $0.36 during midday trading on Thursday, hitting $114.29. The company had a trading volume of 84,818 shares, compared to its average volume of 452,308. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. The business has a 50-day simple moving average of $113.67 and a two-hundred day simple moving average of $110.47. Casella Waste Systems, Inc. has a twelve month low of $91.01 and a twelve month high of $121.24. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 496.91, a price-to-earnings-growth ratio of 3.86 and a beta of 0.89.

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

About Casella Waste Systems

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.