Rockefeller Capital Management L.P. purchased a new position in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 120,490 shares of the industrial products company's stock, valued at approximately $12,749,000. Rockefeller Capital Management L.P. owned about 0.19% of Casella Waste Systems as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of CWST. Mather Group LLC. grew its stake in Casella Waste Systems by 1,606.7% in the fourth 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 grew its position in Casella Waste Systems by 124.4% in the fourth quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock worth $29,000 after acquiring an additional 153 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of 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 purchasing an additional 194 shares during the last quarter. Huntington National Bank boosted 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 worth $39,000 after purchasing an additional 230 shares during the period. Finally, Eagle Bay Advisors LLC acquired a new position in shares of Casella Waste Systems during the 4th quarter worth about $58,000. Hedge funds and other institutional investors own 99.51% of the company's stock.
Casella Waste Systems Trading Up 0.3 %
Casella Waste Systems stock traded up $0.34 during mid-day trading on Friday, hitting $118.30. 696,332 shares of the company's stock were exchanged, compared to its average volume of 356,834. Casella Waste Systems, Inc. has a fifty-two week low of $86.41 and a fifty-two week high of $120.69. 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 firm has a market capitalization of $7.50 billion, a P/E ratio of 514.35, a PEG ratio of 3.86 and a beta of 0.96. The company's 50 day simple moving average is $111.30 and its 200-day simple moving average is $108.16.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.25. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. On average, equities analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.
Insider Activity at Casella Waste Systems
In other Casella Waste Systems news, SVP Paul Ligon sold 2,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 20,347 shares in the company, valued at $2,414,578.49. This trade represents a 8.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.24% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
CWST has been the subject of a number of recent research reports. TD Cowen initiated coverage on Casella Waste Systems in a research note on Wednesday, April 9th. They issued a "buy" rating and a $130.00 target price for the company. William Blair reiterated an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Raymond James reaffirmed a "strong-buy" rating on shares of Casella Waste Systems in a report on Wednesday. Stifel Nicolaus increased their price target on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, UBS Group upped their price target on Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.67.
Read Our Latest Stock Analysis on Casella Waste Systems
Casella Waste Systems Profile
(
Free Report)
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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