Jane Street Group LLC Has $4.68 Million Stock Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Jane Street Group LLC lowered its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 46.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,083 shares of the industrial products company's stock after selling 40,653 shares during the quarter. Jane Street Group LLC owned about 0.07% of Casella Waste Systems worth $4,684,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC raised its position in shares of Casella Waste Systems by 3.1% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 3,386,970 shares of the industrial products company's stock valued at $336,055,000 after buying an additional 101,995 shares in the last quarter. Wasatch Advisors LP raised its position in Casella Waste Systems by 0.3% during the third quarter. Wasatch Advisors LP now owns 1,739,222 shares of the industrial products company's stock valued at $173,035,000 after purchasing an additional 4,462 shares in the last quarter. Earnest Partners LLC lifted its stake in Casella Waste Systems by 3.2% during the second quarter. Earnest Partners LLC now owns 1,680,358 shares of the industrial products company's stock worth $166,725,000 after purchasing an additional 51,516 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Casella Waste Systems by 50.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,454,453 shares of the industrial products company's stock valued at $144,704,000 after purchasing an additional 487,661 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Casella Waste Systems by 5.7% in the 3rd quarter. State Street Corp now owns 1,387,662 shares of the industrial products company's stock valued at $138,058,000 after purchasing an additional 75,352 shares in the last quarter. Institutional investors own 99.51% of the company's stock.

Insider Activity

In other news, SVP Paul Ligon sold 1,730 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $106.81, for a total value of $184,781.30. Following the completion of the sale, the senior vice president now owns 21,085 shares of the company's stock, valued at approximately $2,252,088.85. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.24% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CWST. Raymond James upped their price objective on Casella Waste Systems from $121.00 to $122.00 and gave the stock a "strong-buy" rating in a research report on Thursday, September 19th. 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. William Blair began coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They set an "outperform" rating on the stock. Finally, Stifel Nicolaus increased 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. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.00.

Casella Waste Systems Trading Down 0.5 %

Casella Waste Systems stock traded down $0.55 during trading hours on Wednesday, hitting $105.95. The stock had a trading volume of 457,366 shares, compared to its average volume of 314,127. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 882.92, a P/E/G ratio of 6.53 and a beta of 1.02. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68. The business's 50 day simple moving average is $106.66 and its 200-day simple moving average is $103.58. Casella Waste Systems, Inc. has a one year low of $80.04 and a one year high of $114.88.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.01). Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The business had revenue of $411.63 million during the quarter, compared to the consensus estimate of $412.59 million. During the same quarter last year, the business earned $0.35 EPS. The firm's quarterly revenue was up 16.7% compared to the same quarter last year. On average, equities analysts predict that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.

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.