Truist Financial Corp Sells 2,611 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Truist Financial Corp decreased its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) by 8.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,705 shares of the industrial products company's stock after selling 2,611 shares during the quarter. Truist Financial Corp's holdings in Casella Waste Systems were worth $2,931,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CWST. Mather Group LLC. lifted its stake in shares of Casella Waste Systems by 1,606.7% in the 4th 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 during the period. Eagle Bay Advisors LLC acquired a new position in shares of Casella Waste Systems in the 4th quarter valued at $58,000. Harbor Investment Advisory LLC lifted its stake in shares of Casella Waste Systems by 30.2% in the 4th quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company's stock valued at $84,000 after purchasing an additional 185 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Casella Waste Systems by 69.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the industrial products company's stock valued at $158,000 after purchasing an additional 611 shares during the period. Finally, Empowered Funds LLC acquired a new position in shares of Casella Waste Systems in the 4th quarter valued at $201,000. Institutional investors and hedge funds own 99.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CWST shares. Jefferies Financial Group downgraded Casella Waste Systems from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $115.00 to $113.00 in a research note on Thursday, January 23rd. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft dropped their price objective on Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. Finally, Stifel Nicolaus raised their price objective 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. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $117.75.

Casella Waste Systems Stock Up 3.8 %

CWST stock traded up $4.10 during trading hours on Friday, reaching $112.02. 465,502 shares of the stock were exchanged, compared to its average volume of 337,564. The firm's 50-day moving average is $108.61 and its 200-day moving average is $106.36. The company has a market cap of $7.10 billion, a price-to-earnings ratio of 487.04, a PEG ratio of 3.86 and a beta of 1.04. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.00 and a quick ratio of 2.48. Casella Waste Systems, Inc. has a 12 month low of $86.41 and a 12 month high of $116.31.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released 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 research analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Casella Waste Systems Company 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.