Capital International Investors Has $148.67 Million Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Capital International Investors trimmed its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 0.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,405,056 shares of the industrial products company’s stock after selling 1,379 shares during the period. Capital International Investors owned 2.22% of Casella Waste Systems worth $148,669,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board bought a new stake in Casella Waste Systems during the fourth quarter valued at about $1,048,000. Wasatch Advisors LP boosted its stake in Casella Waste Systems by 48.2% during the 4th 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 period. NewEdge Advisors LLC grew its holdings in Casella Waste Systems by 279.3% in the 4th quarter. NewEdge Advisors LLC now owns 3,061 shares of the industrial products company’s stock valued at $324,000 after buying an additional 2,254 shares during the last quarter. Mariner LLC increased its position in Casella Waste Systems by 10.1% in the 4th quarter. Mariner LLC now owns 3,671 shares of the industrial products company’s stock worth $388,000 after buying an additional 338 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Casella Waste Systems by 104.5% during the fourth quarter. Barclays PLC now owns 269,685 shares of the industrial products company’s stock worth $28,535,000 after buying an additional 137,779 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Casella Waste Systems Stock Up 0.3 %

NASDAQ CWST opened at $118.30 on Friday. Casella Waste Systems, Inc. has a 1-year low of $86.41 and a 1-year high of $120.69. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 514.35, a PEG ratio of 3.86 and a beta of 0.96. The stock’s 50 day moving average is $111.30 and its two-hundred day moving average is $108.22. 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 (NASDAQ:CWST) last announced its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, beating 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%. Equities analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Casella Waste Systems

In other Casella Waste Systems news, SVP Paul Ligon sold 2,000 shares of the business’s stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $118.67, for a total value of $237,340.00. Following the transaction, the senior vice president now owns 20,347 shares of the company’s stock, valued at approximately $2,414,578.49. The trade was a 8.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.24% of the company’s stock.

Wall Street Analyst Weigh In

CWST has been the topic of a number of research reports. William Blair reaffirmed an “outperform” rating on shares of Casella Waste Systems in a research report on Friday, February 14th. UBS Group raised their price target on shares of Casella Waste Systems from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, April 11th. Raymond James reaffirmed a “strong-buy” rating on shares of Casella Waste Systems in a research report on Wednesday. TD Cowen initiated coverage on Casella Waste Systems in a research report on Wednesday, April 9th. They set a “buy” rating and a $130.00 target price on the stock. Finally, Jefferies Financial Group cut Casella Waste Systems from a “buy” rating to a “hold” rating and cut their price target for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. Two equities research 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.67.

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.