Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 49.9% during the 4th quarter, HoldingsChannel reports. The firm owned 86,359 shares of the industrial products company’s stock after selling 86,100 shares during the quarter. Renaissance Technologies LLC’s holdings in Casella Waste Systems were worth $9,138,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mather Group LLC. grew its holdings in 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 buying an additional 241 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Casella Waste Systems by 156.5% in the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 194 shares during the period. Huntington National Bank raised its stake in Casella Waste Systems by 171.6% during the fourth quarter. Huntington National Bank now owns 364 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 230 shares during the period. Eagle Bay Advisors LLC acquired a new position in Casella Waste Systems in the 4th quarter valued at about $58,000. Finally, Harbor Investment Advisory LLC grew 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 buying an additional 185 shares during the period. Institutional investors and hedge funds own 99.51% of the company’s stock.

Wall Street Analyst Weigh In

CWST has been the subject of several recent analyst reports. Raymond James reissued a “strong-buy” rating on shares of Casella Waste Systems in a research note on Wednesday. TD Cowen started coverage on shares of Casella Waste Systems in a research report on Wednesday, April 9th. They set a “buy” rating and a $130.00 price objective for the company. Stifel Nicolaus upped their price target 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. UBS Group lifted their price objective on Casella Waste Systems from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, April 11th. Finally, Jefferies Financial Group downgraded Casella Waste Systems from a “buy” rating to a “hold” rating and cut their price objective for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. Two 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.67.

Insider Activity at Casella Waste Systems

In other news, SVP Paul Ligon sold 2,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $2,414,578.49. This represents a 8.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.24% of the stock is currently owned by corporate insiders.

Casella Waste Systems Stock Up 0.3 %

Casella Waste Systems stock opened at $118.30 on Friday. Casella Waste Systems, Inc. has a twelve month low of $86.41 and a twelve month high of $120.69. The firm has a market capitalization of $7.50 billion, a P/E ratio of 514.35, a P/E/G 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. The stock’s fifty day simple moving average is $111.08 and its 200-day simple moving average is $108.02.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 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%. As a group, equities analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal 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.