Dark Forest Capital Management LP Raises Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Dark Forest Capital Management LP increased its position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 73.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,610 shares of the industrial products company's stock after acquiring an additional 7,870 shares during the period. Dark Forest Capital Management LP's holdings in Casella Waste Systems were worth $1,969,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Mather Group LLC. grew its position 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 buying an additional 241 shares during the period. Covestor Ltd grew its position in shares of Casella Waste Systems by 124.4% during the 4th 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 raised its holdings in Casella Waste Systems by 156.5% in the 4th quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company's stock worth $34,000 after purchasing an additional 194 shares during the period. Huntington National Bank lifted its position in Casella Waste Systems by 171.6% during 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 in the last quarter. Finally, Eagle Bay Advisors LLC bought a new stake in Casella Waste Systems during the fourth quarter valued at about $58,000. 99.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Casella Waste Systems news, SVP Paul Ligon sold 2,000 shares of the business's stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $118.67, for a total transaction of $237,340.00. Following the transaction, the senior vice president now owns 20,347 shares in the company, valued at $2,414,578.49. The trade was a 8.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.24% of the stock is currently owned by insiders.

Casella Waste Systems Price Performance

NASDAQ CWST traded up $0.20 during trading on Friday, hitting $115.60. 392,393 shares of the stock traded hands, compared to its average volume of 362,349. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $7.32 billion, a P/E ratio of 502.61, a price-to-earnings-growth ratio of 3.86 and a beta of 0.96. Casella Waste Systems, Inc. has a 12-month low of $86.41 and a 12-month high of $120.69. The firm has a 50-day simple moving average of $111.73 and a 200-day simple moving average of $108.71.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.25. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. As a group, analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Stifel Nicolaus raised their price objective 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. Raymond James reaffirmed a "strong-buy" rating on shares of Casella Waste Systems in a report on Wednesday, April 16th. William Blair reiterated an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. TD Cowen assumed coverage on shares of Casella Waste Systems in a research report on Wednesday, April 9th. They set a "buy" rating and a $130.00 price objective on the stock. Finally, UBS Group upped their target price on shares of Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $122.67.

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.