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

Capital International Investors trimmed its position 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 fund owned 1,405,056 shares of the industrial products company’s stock after selling 1,379 shares during the period. Capital International Investors’ holdings in Casella Waste Systems were worth $148,669,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HighTower Advisors LLC raised its stake in shares of Casella Waste Systems by 20.2% during the third quarter. HighTower Advisors LLC now owns 4,581 shares of the industrial products company’s stock worth $453,000 after buying an additional 769 shares during the last quarter. Barclays PLC raised its position in shares of Casella Waste Systems by 29.0% during the 3rd quarter. Barclays PLC now owns 131,906 shares of the industrial products company’s stock valued at $13,122,000 after acquiring an additional 29,686 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of Casella Waste Systems by 63.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 5,448 shares of the industrial products company’s stock worth $542,000 after purchasing an additional 2,109 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Casella Waste Systems by 41.1% during the third quarter. Franklin Resources Inc. now owns 495,294 shares of the industrial products company’s stock worth $50,604,000 after purchasing an additional 144,212 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Casella Waste Systems by 87.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 78,549 shares of the industrial products company’s stock valued at $7,815,000 after purchasing an additional 36,573 shares during the last quarter. 99.51% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Casella Waste Systems news, SVP Paul Ligon sold 2,000 shares of the business’s stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $118.67, for a total transaction of $237,340.00. Following the sale, the senior vice president now directly owns 20,347 shares of the company’s stock, valued at $2,414,578.49. The trade was a 8.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 4.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CWST shares. Jefferies Financial Group cut Casella Waste Systems from a “buy” rating to a “hold” rating and reduced their target price for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. William Blair restated an “outperform” rating on shares of Casella Waste Systems in a report on Friday, February 14th. UBS Group increased their target price on shares of Casella Waste Systems from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, April 11th. Stifel Nicolaus boosted their price target on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, TD Cowen began coverage on Casella Waste Systems in a research note on Wednesday, April 9th. They set a “buy” rating and a $130.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.67.

Casella Waste Systems Trading Up 0.3 %

CWST opened at $118.30 on Friday. The firm’s fifty day simple moving average is $111.30 and its 200 day simple moving average is $108.22. The stock 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. Casella Waste Systems, Inc. has a 12 month low of $86.41 and a 12 month high of $120.69.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, topping the consensus estimate 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, research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

About Casella Waste Systems

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.