California Public Employees Retirement System Has $20.48 Million Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

California Public Employees Retirement System boosted its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 3.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 239,593 shares of the industrial products company’s stock after acquiring an additional 7,793 shares during the quarter. California Public Employees Retirement System’s holdings in Casella Waste Systems were worth $20,476,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Impax Asset Management Group plc acquired a new position in Casella Waste Systems during the fourth quarter worth approximately $5,128,000. TimesSquare Capital Management LLC boosted its holdings in shares of Casella Waste Systems by 18.5% during the third quarter. TimesSquare Capital Management LLC now owns 946,497 shares of the industrial products company’s stock worth $72,218,000 after acquiring an additional 147,805 shares during the period. WCM Investment Management LLC boosted its holdings in shares of Casella Waste Systems by 8.7% during the fourth quarter. WCM Investment Management LLC now owns 227,195 shares of the industrial products company’s stock worth $19,543,000 after acquiring an additional 18,216 shares during the period. Jennison Associates LLC boosted its holdings in shares of Casella Waste Systems by 9.0% during the fourth quarter. Jennison Associates LLC now owns 405,230 shares of the industrial products company’s stock worth $34,631,000 after acquiring an additional 33,528 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Casella Waste Systems during the third quarter worth approximately $1,705,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CWST. StockNews.com upgraded Casella Waste Systems from a “sell” rating to a “hold” rating in a report on Friday, February 16th. Wells Fargo & Company boosted their price objective on Casella Waste Systems from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $99.71.

Casella Waste Systems Trading Down 4.5 %

Shares of CWST stock opened at $90.06 on Monday. Casella Waste Systems, Inc. has a 1 year low of $72.97 and a 1 year high of $100.29. The stock has a market cap of $5.22 billion, a P/E ratio of 290.52, a price-to-earnings-growth ratio of 5.84 and a beta of 0.90. The company has a current ratio of 1.53, a quick ratio of 1.46 and a debt-to-equity ratio of 0.99. The stock has a 50 day simple moving average of $94.37 and a 200 day simple moving average of $86.91.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Thursday, April 25th. The industrial products company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.02. Casella Waste Systems had a net margin of 1.32% and a return on equity of 4.48%. The business had revenue of $341.00 million during the quarter, compared to the consensus estimate of $340.70 million. During the same period in the previous year, the business earned $0.10 earnings per share. The company’s revenue was up 29.9% on a year-over-year basis. On average, research analysts predict that Casella Waste Systems, Inc. will post 0.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Casella Waste Systems

In other Casella Waste Systems news, CEO John W. Casella sold 1,673 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 35,189 shares in the company, valued at $3,312,340.57. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other 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 transaction, the chief executive officer now directly owns 35,189 shares in the company, valued at $3,312,340.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Edmond Coletta sold 8,271 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $90.30, for a total transaction of $746,871.30. Following the transaction, the president now owns 168,556 shares of the company’s stock, valued at $15,220,606.80. The disclosure for this sale can be found here. Insiders sold a total of 11,238 shares of company stock worth $1,026,395 over the last three months. Corporate insiders own 4.75% of the company’s stock.

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.