Allspring Global Investments Holdings LLC Sells 64,727 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Allspring Global Investments Holdings LLC lowered its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 813,157 shares of the industrial products company's stock after selling 64,727 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.28% of Casella Waste Systems worth $84,752,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CWST. Zimmer Partners LP bought a new position in shares of Casella Waste Systems during the 3rd quarter worth approximately $50,854,000. Wellington Management Group LLP lifted its position in shares of Casella Waste Systems by 50.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,454,453 shares of the industrial products company's stock worth $144,704,000 after buying an additional 487,661 shares in the last quarter. Maven Securities LTD bought a new position in shares of Casella Waste Systems during the 3rd quarter worth approximately $19,898,000. Loomis Sayles & Co. L P lifted its position in shares of Casella Waste Systems by 21.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 848,976 shares of the industrial products company's stock worth $84,465,000 after buying an additional 151,744 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Casella Waste Systems during the 3rd quarter worth approximately $14,924,000. Institutional investors own 99.51% of the company's stock.

Casella Waste Systems Stock Performance

Casella Waste Systems stock traded up $4.59 during mid-day trading on Friday, reaching $111.36. The company's stock had a trading volume of 518,560 shares, compared to its average volume of 283,734. Casella Waste Systems, Inc. has a 12-month low of $84.45 and a 12-month high of $114.88. The company has a market capitalization of $7.05 billion, a P/E ratio of 928.00, a PEG ratio of 3.89 and a beta of 1.04. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.48 and a current ratio of 2.55. The firm's fifty day moving average price is $107.60 and its two-hundred day moving average price is $105.73.

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 EPS for the quarter, beating the consensus estimate of $0.16 by $0.25. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. Sell-side analysts predict that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on CWST. Jefferies Financial Group cut shares of Casella Waste Systems from a "buy" rating to a "hold" rating and dropped their target price for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. Stifel Nicolaus raised their price target on shares of Casella Waste Systems from $117.00 to $127.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating for the company in a research note on Friday, November 1st. Finally, William Blair restated an "outperform" rating on shares of Casella Waste Systems in a research note on Friday. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $113.80.

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.