T. Rowe Price Investment Management Inc. lowered its stake in Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,256,436 shares of the industrial products company's stock after selling 55,938 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 1.98% of Casella Waste Systems worth $132,944,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of CWST. Wasatch Advisors LP boosted its holdings in Casella Waste Systems by 48.2% in the fourth quarter. Wasatch Advisors LP now owns 2,577,308 shares of the industrial products company's stock valued at $272,705,000 after purchasing an additional 838,086 shares during the last quarter. Norges Bank purchased a new position in Casella Waste Systems in the fourth quarter valued at about $43,785,000. Raymond James Financial Inc. purchased a new position in Casella Waste Systems in the fourth quarter valued at about $31,326,000. Wellington Management Group LLP lifted its holdings in Casella Waste Systems by 13.1% during the 4th quarter. Wellington Management Group LLP now owns 1,644,476 shares of the industrial products company's stock worth $174,002,000 after buying an additional 190,023 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Casella Waste Systems by 41.1% during the 3rd quarter. Franklin Resources Inc. now owns 495,294 shares of the industrial products company's stock worth $50,604,000 after buying an additional 144,212 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.
Casella Waste Systems Price Performance
CWST traded up $1.29 on Tuesday, reaching $117.47. The company had a trading volume of 267,120 shares, compared to its average volume of 361,304. The company has a fifty day moving average of $111.73 and a 200-day moving average of $108.95. The company has a market capitalization of $7.44 billion, a P/E ratio of 510.76, a PEG ratio of 3.86 and a beta of 0.96. The company has a current ratio of 2.00, a quick ratio of 2.48 and a debt-to-equity ratio of 0.70. Casella Waste Systems, Inc. has a one year low of $88.86 and a one year high of $120.69.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, beating 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, equities research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.
Insider Buying and Selling at Casella Waste Systems
In other Casella Waste Systems news, SVP Paul Ligon sold 2,000 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $2,414,578.49. This represents a 8.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.24% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of research analysts have commented on CWST shares. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a report on Friday, February 14th. Raymond James reaffirmed a "strong-buy" rating on shares of Casella Waste Systems in a report on Wednesday, April 16th. Stifel Nicolaus raised their price target on Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. UBS Group upped their price objective on Casella Waste Systems from $130.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Finally, Jefferies Financial Group lowered shares of Casella Waste Systems from a "buy" rating to a "hold" rating and lowered their price target for the stock from $115.00 to $113.00 in a research report on Thursday, January 23rd. Two equities research 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, Casella Waste Systems has an average rating of "Moderate Buy" and a consensus price target of $122.67.
Check Out Our Latest Report on Casella Waste Systems
Casella Waste Systems Company 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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