Jennison Associates LLC Has $42.03 Million Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Jennison Associates LLC increased its stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 397,261 shares of the industrial products company's stock after acquiring an additional 7,910 shares during the period. Jennison Associates LLC owned approximately 0.63% of Casella Waste Systems worth $42,034,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings 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 worth $53,000 after purchasing an additional 207 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Casella Waste Systems during the fourth quarter valued at $58,000. Harbor Investment Advisory LLC lifted its position in Casella Waste Systems by 30.2% during the fourth quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company's stock valued at $84,000 after purchasing an additional 185 shares during the period. Nisa Investment Advisors LLC lifted its position in Casella Waste Systems by 69.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the industrial products company's stock valued at $158,000 after purchasing an additional 611 shares during the period. Finally, Amalgamated Bank raised its position in shares of Casella Waste Systems by 6.4% in the third quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company's stock worth $210,000 after acquiring an additional 126 shares during the period. Hedge funds and other institutional investors own 99.51% of the company's stock.

Casella Waste Systems Trading Down 0.5 %

Casella Waste Systems stock traded down $0.52 during trading on Friday, reaching $108.00. The company had a trading volume of 320,127 shares, compared to its average volume of 283,734. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.48 and a current ratio of 2.55. Casella Waste Systems, Inc. has a 12-month low of $84.45 and a 12-month high of $114.88. The stock's 50 day moving average price is $108.02 and its two-hundred day moving average price is $105.54. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 900.00, a PEG ratio of 3.89 and a beta of 1.04.

Analyst Ratings Changes

CWST has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating for the company in a research report on Friday, November 1st. Stifel Nicolaus upped their price objective on shares of Casella Waste Systems from $117.00 to $127.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group cut shares of Casella Waste Systems from a "buy" rating to a "hold" rating and dropped their price target for the company 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $113.80.

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.