Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by abrdn plc

abrdn plc reduced its stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 187,816 shares of the industrial products company's stock after selling 40,459 shares during the quarter. abrdn plc owned approximately 0.30% of Casella Waste Systems worth $19,873,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Millennium Management LLC increased its stake in Casella Waste Systems by 667.9% during the second quarter. Millennium Management LLC now owns 48,231 shares of the industrial products company's stock worth $4,785,000 after acquiring an additional 41,950 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Casella Waste Systems during the 2nd quarter worth $331,000. SG Americas Securities LLC increased its position in shares of Casella Waste Systems by 12.6% during the 3rd quarter. SG Americas Securities LLC now owns 9,214 shares of the industrial products company's stock worth $917,000 after purchasing an additional 1,028 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in Casella Waste Systems by 12.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 14,300 shares of the industrial products company's stock valued at $1,423,000 after buying an additional 1,600 shares during the period. Finally, GAMMA Investing LLC lifted its position in Casella Waste Systems by 64.5% in the third quarter. GAMMA Investing LLC now owns 528 shares of the industrial products company's stock valued at $53,000 after buying an additional 207 shares during the last quarter. Hedge funds and other institutional investors own 99.51% of the company's stock.

Casella Waste Systems Stock Up 0.5 %

Shares of NASDAQ CWST traded up $0.52 during midday trading on Monday, hitting $108.52. The company's stock had a trading volume of 334,425 shares, compared to its average volume of 290,859. Casella Waste Systems, Inc. has a 1 year low of $84.45 and a 1 year high of $114.88. The business's fifty day simple moving average is $107.92 and its two-hundred day simple moving average is $105.59. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 904.33, a price-to-earnings-growth ratio of 3.89 and a beta of 1.04. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.55 and a quick ratio of 2.48.

Analyst Ratings Changes

CWST has been the subject of a number of recent analyst reports. Stifel Nicolaus lifted their price target on shares of Casella Waste Systems from $117.00 to $127.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating for the company in a report on Friday, November 1st. Finally, Jefferies Financial Group cut Casella Waste Systems from a "buy" rating to a "hold" rating and decreased their price target for the stock from $115.00 to $113.00 in a research note on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $113.80.

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.