Capital International Inc. CA Purchases Shares of 17,405 Casella Waste Systems, Inc. (NASDAQ:CWST)

Capital International Inc. CA bought a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 17,405 shares of the industrial products company's stock, valued at approximately $1,842,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Mather Group LLC. raised its stake 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 in the last quarter. Covestor Ltd increased its stake in Casella Waste Systems by 124.4% during the fourth 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. Jones Financial Companies Lllp raised 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 valued at $34,000 after purchasing an additional 194 shares during the period. Huntington National Bank lifted its stake in shares of Casella Waste Systems by 171.6% in the 4th quarter. Huntington National Bank now owns 364 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 230 shares during the last quarter. Finally, Eagle Bay Advisors LLC purchased a new position in shares of Casella Waste Systems in the 4th quarter worth approximately $58,000. 99.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other 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 completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. UBS Group lifted their price target on shares of Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. TD Cowen began coverage on shares of Casella Waste Systems in a research report on Wednesday, April 9th. They issued a "buy" rating and a $130.00 price objective on the stock. Jefferies Financial Group lowered 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. Finally, Stifel Nicolaus raised their price target on Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. 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 Stock Up 0.2 %

Shares of CWST stock traded up $0.20 on Friday, hitting $115.60. The stock had a trading volume of 392,393 shares, compared to its average volume of 362,169. 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, Inc. has a one year low of $86.41 and a one year high of $120.69. The business has a 50 day moving average price of $111.72 and a 200 day moving average price of $108.59. The company has a market cap of $7.32 billion, a PE ratio of 502.61, a P/E/G ratio of 3.86 and a beta of 0.96.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.25. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. Research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Casella Waste Systems 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.