T. Rowe Price Investment Management Inc. Has $132.94 Million Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

T. Rowe Price Investment Management Inc. decreased its position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,256,436 shares of the industrial products company's stock after selling 55,938 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 1.98% of Casella Waste Systems worth $132,944,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Dark Forest Capital Management LP raised its position in shares of Casella Waste Systems by 73.3% in the fourth quarter. Dark Forest Capital Management LP now owns 18,610 shares of the industrial products company's stock valued at $1,969,000 after buying an additional 7,870 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Casella Waste Systems by 11.0% during the 4th quarter. Stifel Financial Corp now owns 35,025 shares of the industrial products company's stock worth $3,706,000 after acquiring an additional 3,462 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in Casella Waste Systems by 7.8% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 24,636 shares of the industrial products company's stock valued at $2,607,000 after acquiring an additional 1,789 shares during the last quarter. MML Investors Services LLC raised its position in Casella Waste Systems by 14.1% during the fourth quarter. MML Investors Services LLC now owns 23,247 shares of the industrial products company's stock valued at $2,460,000 after purchasing an additional 2,879 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its stake in Casella Waste Systems by 6.8% during the fourth quarter. MetLife Investment Management LLC now owns 37,450 shares of the industrial products company's stock worth $3,963,000 after purchasing an additional 2,392 shares during the last quarter. 99.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Paul Ligon sold 2,000 shares of the company's 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 transaction, the senior vice president now owns 20,347 shares in the company, valued at approximately $2,414,578.49. This represents a 8.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.24% of the stock is currently owned by insiders.

Casella Waste Systems Trading Up 0.3 %

NASDAQ:CWST traded up $0.33 during trading hours on Wednesday, hitting $117.60. 74,718 shares of the company were exchanged, compared to its average volume of 360,421. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 511.30, a price-to-earnings-growth ratio of 3.86 and a beta of 0.96. Casella Waste Systems, Inc. has a one year low of $88.89 and a one year high of $120.69. The company has a fifty day simple moving average of $111.77 and a 200 day simple moving average of $109.01. 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 issued its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.25. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. Sell-side analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. UBS Group lifted their price target on Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, April 11th. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a research note on Friday, February 14th. TD Cowen initiated coverage on Casella Waste Systems in a research note on Wednesday, April 9th. They issued a "buy" rating and a $130.00 price target for the company. Stifel Nicolaus boosted their price objective on 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, Jefferies Financial Group downgraded Casella Waste Systems from a "buy" rating to a "hold" rating and dropped their target price for the company from $115.00 to $113.00 in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $122.67.

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.