Janus Henderson Group PLC Raises Stock Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Janus Henderson Group PLC boosted its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 92.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,053 shares of the industrial products company's stock after buying an additional 25,000 shares during the quarter. Janus Henderson Group PLC owned 0.08% of Casella Waste Systems worth $5,176,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Casella Waste Systems by 76.4% during the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company's stock worth $32,000 after buying an additional 139 shares during the period. Liberty One Investment Management LLC acquired a new position in Casella Waste Systems during the second quarter worth about $167,000. Amalgamated Bank grew 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 valued at $210,000 after purchasing an additional 126 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Casella Waste Systems by 12.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,743 shares of the industrial products company's stock valued at $272,000 after purchasing an additional 311 shares during the last quarter. Finally, Cetera Advisors LLC acquired a new stake in shares of Casella Waste Systems in the first quarter valued at approximately $281,000. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Casella Waste Systems Trading Down 0.5 %

Shares of CWST traded down $0.58 on Tuesday, hitting $109.09. 248,546 shares of the stock traded hands, compared to its average volume of 313,388. 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 firm has a market capitalization of $6.91 billion, a P/E ratio of 909.08, a P/E/G ratio of 6.59 and a beta of 1.02. The stock's 50 day moving average is $105.62 and its two-hundred day moving average is $103.28. Casella Waste Systems, Inc. has a 1 year low of $80.04 and a 1 year high of $114.88.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). The firm had revenue of $411.63 million for the quarter, compared to analysts' expectations of $412.59 million. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The business's quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 EPS. As a group, sell-side analysts predict that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CWST shares. Raymond James increased their price target on shares of Casella Waste Systems from $121.00 to $122.00 and gave the company a "strong-buy" rating in a research report on Thursday, September 19th. William Blair started coverage on shares of Casella Waste Systems in a research report on Thursday, October 3rd. They issued an "outperform" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating on the stock in a research report on Friday, November 1st. Two 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 company's stock. Based on data from MarketBeat, Casella Waste Systems presently has an average rating of "Moderate Buy" and a consensus target price of $111.50.

Insider Activity at Casella Waste Systems

In other Casella Waste Systems news, SVP Paul Ligon sold 1,730 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $106.81, for a total transaction of $184,781.30. Following the transaction, the senior vice president now owns 21,085 shares of the company's stock, valued at $2,252,088.85. This trade represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.24% of the company's stock.

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.