Teton Advisors Inc. Trims Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Teton Advisors Inc. trimmed its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 20.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,000 shares of the industrial products company's stock after selling 3,000 shares during the period. Teton Advisors Inc.'s holdings in Casella Waste Systems were worth $1,270,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. raised its holdings in shares of Casella Waste Systems by 1,606.7% during the 4th 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 lifted its holdings in shares of Casella Waste Systems by 124.4% during the fourth quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 153 shares during the period. Jones Financial Companies Lllp grew its position in Casella Waste Systems by 156.5% during the 4th quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company's stock worth $34,000 after acquiring an additional 194 shares during the last quarter. Huntington National Bank increased its holdings in Casella Waste Systems by 171.6% in the fourth 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 acquired a new position in shares of Casella Waste Systems in the 4th quarter valued at $58,000. Institutional investors and hedge funds own 99.51% of the company's stock.

Casella Waste Systems Stock Performance

NASDAQ CWST traded up $0.34 during trading on Friday, hitting $118.30. 696,332 shares of the company's stock traded hands, compared to its average volume of 356,834. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 514.35, a PEG ratio of 3.86 and a beta of 0.96. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00. The business has a 50 day moving average of $111.30 and a 200-day moving average of $108.16. Casella Waste Systems, Inc. has a 12-month low of $86.41 and a 12-month high of $120.69.

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

Analysts Set New Price Targets

CWST has been the topic of a number of research reports. UBS Group boosted their price objective on shares of Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Stifel Nicolaus boosted their price objective on shares of Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. TD Cowen initiated coverage on Casella Waste Systems in a research report on Wednesday, April 9th. They issued a "buy" rating and a $130.00 price objective for the company. Raymond James reaffirmed a "strong-buy" rating on shares of Casella Waste Systems in a report on Wednesday. Finally, Jefferies Financial Group lowered Casella Waste Systems from a "buy" rating to a "hold" rating and lowered their target price for the stock from $115.00 to $113.00 in a research note on Thursday, January 23rd. Two 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. According to MarketBeat, Casella Waste Systems presently has an average rating of "Moderate Buy" and a consensus price target of $122.67.

Insider Transactions at Casella Waste Systems

In other Casella Waste Systems news, SVP Paul Ligon sold 2,000 shares of Casella Waste Systems stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $118.67, for a total value of $237,340.00. Following the completion of the sale, the senior vice president now owns 20,347 shares of the company's stock, valued at approximately $2,414,578.49. This trade represents a 8.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.24% of the company's stock.

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.