MML Investors Services LLC Boosts Stock Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

MML Investors Services LLC lifted its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 14.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,247 shares of the industrial products company's stock after buying an additional 2,879 shares during the period. MML Investors Services LLC's holdings in Casella Waste Systems were worth $2,460,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CWST. Signaturefd LLC grew its position in Casella Waste Systems by 16.4% during the fourth quarter. Signaturefd LLC now owns 802 shares of the industrial products company's stock valued at $85,000 after acquiring an additional 113 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of Casella Waste Systems by 2.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,388 shares of the industrial products company's stock valued at $676,000 after purchasing an additional 134 shares during the last quarter. Covestor Ltd raised its position in Casella Waste Systems by 124.4% in the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock worth $29,000 after purchasing an additional 153 shares during the period. Integrated Investment Consultants LLC lifted its stake in Casella Waste Systems by 2.2% in the fourth quarter. Integrated Investment Consultants LLC now owns 7,607 shares of the industrial products company's stock worth $805,000 after purchasing an additional 165 shares during the last quarter. Finally, Synovus Financial Corp lifted its stake in Casella Waste Systems by 1.5% in the fourth quarter. Synovus Financial Corp now owns 11,174 shares of the industrial products company's stock worth $1,182,000 after purchasing an additional 165 shares during the last quarter. Institutional investors own 99.51% of the company's stock.

Insider Activity at Casella Waste Systems

In related news, SVP Paul Ligon sold 2,000 shares of the company's 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 sale, the senior vice president now directly owns 20,347 shares of the company's stock, valued at $2,414,578.49. This represents a 8.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.24% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CWST. Jefferies Financial Group downgraded Casella Waste Systems from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. Stifel Nicolaus lifted their price target 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. William Blair reissued an "outperform" rating on shares of Casella Waste Systems in a research note on Friday, February 14th. TD Cowen began coverage on shares of Casella Waste Systems in a research note on Wednesday, April 9th. They issued a "buy" rating and a $130.00 target price on the stock. Finally, UBS Group increased their price target on shares of Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, April 11th. 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. Based on data from MarketBeat.com, Casella Waste Systems presently has an average rating of "Moderate Buy" and a consensus price target of $122.67.

Casella Waste Systems Price Performance

Shares of CWST stock opened at $115.60 on Monday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00. Casella Waste Systems, Inc. has a fifty-two week low of $88.86 and a fifty-two week high of $120.69. The firm has a market cap of $7.32 billion, a P/E ratio of 502.61, a P/E/G ratio of 3.86 and a beta of 0.96. The business's 50 day moving average price is $111.73 and its 200-day moving average price is $108.84.

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

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