Casella Waste Systems, Inc. (NASDAQ:CWST) Stake Raised by Jennison Associates LLC

Jennison Associates LLC boosted its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 9.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 405,230 shares of the industrial products company’s stock after acquiring an additional 33,528 shares during the quarter. Jennison Associates LLC owned 0.70% of Casella Waste Systems worth $34,631,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Cetera Trust Company N.A acquired a new stake in shares of Casella Waste Systems during the fourth quarter worth approximately $247,000. Federated Hermes Inc. purchased a new stake in Casella Waste Systems in the 4th quarter worth approximately $1,105,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Casella Waste Systems by 5.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,709 shares of the industrial products company’s stock worth $1,086,000 after buying an additional 704 shares in the last quarter. Strs Ohio boosted its stake in shares of Casella Waste Systems by 21.8% during the 4th quarter. Strs Ohio now owns 55,900 shares of the industrial products company’s stock valued at $4,777,000 after buying an additional 10,000 shares during the period. Finally, WCM Investment Management LLC grew its holdings in shares of Casella Waste Systems by 8.7% during the 4th quarter. WCM Investment Management LLC now owns 227,195 shares of the industrial products company’s stock valued at $19,543,000 after acquiring an additional 18,216 shares in the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Insider Activity

In related news, CEO John W. Casella sold 1,673 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total transaction of $157,479.49. Following the completion of the sale, the chief executive officer now directly owns 35,189 shares of the company’s stock, valued at approximately $3,312,340.57. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO John W. Casella sold 1,673 shares of Casella Waste Systems stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $94.13, for a total value of $157,479.49. Following the transaction, the chief executive officer now directly owns 35,189 shares in the company, valued at $3,312,340.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Edmond Coletta sold 733 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $94.31, for a total value of $69,129.23. Following the transaction, the president now directly owns 170,486 shares of the company’s stock, valued at approximately $16,078,534.66. The disclosure for this sale can be found here. Insiders have sold a total of 11,238 shares of company stock valued at $1,026,395 over the last 90 days. 4.75% of the stock is currently owned by company insiders.

Casella Waste Systems Price Performance

NASDAQ CWST opened at $94.99 on Thursday. Casella Waste Systems, Inc. has a fifty-two week low of $72.97 and a fifty-two week high of $100.29. The stock’s 50-day moving average is $94.37 and its two-hundred day moving average is $86.64. The firm has a market cap of $5.51 billion, a P/E ratio of 211.09, a price-to-earnings-growth ratio of 6.19 and a beta of 0.90. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.53 and a quick ratio of 1.46.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Friday, February 16th. The industrial products company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). Casella Waste Systems had a net margin of 2.01% and a return on equity of 5.81%. The company had revenue of $359.57 million during the quarter, compared to the consensus estimate of $360.08 million. During the same period in the previous year, the business posted $0.18 earnings per share. The firm’s revenue was up 32.1% on a year-over-year basis. On average, analysts anticipate that Casella Waste Systems, Inc. will post 0.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on CWST. StockNews.com raised Casella Waste Systems from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. Wells Fargo & Company lifted their price target on Casella Waste Systems from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $99.71.

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.