Marco Investment Management LLC lessened its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 4.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,950 shares of the industrial products company’s stock after selling 175 shares during the period. Marco Investment Management LLC’s holdings in Casella Waste Systems were worth $251,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in CWST. FMR LLC increased its holdings in shares of Casella Waste Systems by 78.5% in the first quarter. FMR LLC now owns 12,309 shares of the industrial products company’s stock worth $438,000 after buying an additional 5,415 shares during the period. First Trust Advisors LP grew its position in shares of Casella Waste Systems by 1.1% in the 1st quarter. First Trust Advisors LP now owns 125,600 shares of the industrial products company’s stock valued at $4,466,000 after purchasing an additional 1,365 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Casella Waste Systems by 80.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 100,233 shares of the industrial products company’s stock worth $6,372,000 after purchasing an additional 44,575 shares in the last quarter. Natixis Advisors L.P. raised its stake in Casella Waste Systems by 4.6% in the 1st quarter. Natixis Advisors L.P. now owns 39,851 shares of the industrial products company’s stock valued at $2,533,000 after acquiring an additional 1,759 shares during the period. Finally, Arizona State Retirement System increased its position in Casella Waste Systems by 6.1% during the 1st quarter. Arizona State Retirement System now owns 14,580 shares of the industrial products company’s stock worth $927,000 after buying an additional 840 shares during the period. Institutional investors and hedge funds own 95.33% of the company’s stock.
NASDAQ:CWST opened at $75.26 on Tuesday. Casella Waste Systems, Inc. has a fifty-two week low of $51.98 and a fifty-two week high of $77.44. The company has a 50 day moving average price of $70.21 and a 200 day moving average price of $67.27. The stock has a market capitalization of $3.87 billion, a P/E ratio of 40.46, a PEG ratio of 9.66 and a beta of 0.91. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.77 and a current ratio of 1.82.
In other news, CAO Christopher Heald sold 2,500 shares of the firm’s stock in a transaction on Monday, August 16th. The stock was sold at an average price of $69.37, for a total value of $173,425.00. Following the transaction, the chief accounting officer now directly owns 38,380 shares in the company, valued at approximately $2,662,420.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Edwin D. Johnson sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 20th. The shares were sold at an average price of $73.15, for a total value of $1,463,000.00. Following the sale, the chief operating officer now directly owns 164,907 shares in the company, valued at $12,062,947.05. The disclosure for this sale can be found here. In the last three months, insiders sold 187,475 shares of company stock worth $12,972,445. Insiders own 6.04% of the company’s stock.
A number of equities research analysts have weighed in on CWST shares. Raymond James lifted their target price on Casella Waste Systems from $77.00 to $79.00 and gave the stock a “strong-buy” rating in a report on Monday, August 2nd. Zacks Investment Research upgraded Casella Waste Systems from a “sell” rating to a “hold” rating in a report on Friday, July 23rd. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $69.83.
Casella Waste Systems Profile
Casella Waste Systems, Inc engages in the provision of resource management and services to residential, commercial, municipal and industrial customers, in the areas of solid waste collection, transfer, disposal, recycling and organics services. It operates through the following segments: Eastern Region, Western Region, Recycling and Other segments.
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