Allianz Asset Management GmbH Sells 1,476 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Allianz Asset Management GmbH decreased its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWSTFree Report) by 2.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 60,323 shares of the industrial products company’s stock after selling 1,476 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.10% of Casella Waste Systems worth $5,155,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CWST. Ameriprise Financial Inc. boosted its position in shares of Casella Waste Systems by 41.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,953,863 shares of the industrial products company’s stock valued at $149,080,000 after acquiring an additional 572,792 shares during the last quarter. Brown Advisory Inc. lifted its position in Casella Waste Systems by 45.9% during the fourth quarter. Brown Advisory Inc. now owns 1,311,917 shares of the industrial products company’s stock valued at $112,116,000 after purchasing an additional 412,812 shares during the last quarter. London Co. of Virginia grew its stake in shares of Casella Waste Systems by 160.8% in the 3rd quarter. London Co. of Virginia now owns 567,747 shares of the industrial products company’s stock worth $43,319,000 after buying an additional 350,046 shares in the last quarter. Norges Bank bought a new stake in shares of Casella Waste Systems in the 4th quarter worth about $25,106,000. Finally, Global Alpha Capital Management Ltd. purchased a new stake in shares of Casella Waste Systems during the 4th quarter valued at about $17,921,000. Institutional investors own 99.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CWST. Deutsche Bank Aktiengesellschaft initiated coverage on Casella Waste Systems in a research note on Thursday, May 23rd. They issued a “hold” rating and a $106.00 price objective for the company. StockNews.com raised shares of Casella Waste Systems from a “sell” rating to a “hold” rating in a research note on Friday, February 16th. Finally, Wells Fargo & Company increased their target price on shares of Casella Waste Systems from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $102.00.

Check Out Our Latest Analysis on Casella Waste Systems

Casella Waste Systems Stock Performance

Shares of Casella Waste Systems stock opened at $98.33 on Thursday. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.96. The stock’s fifty day moving average is $96.02 and its two-hundred day moving average is $90.52. Casella Waste Systems, Inc. has a 52 week low of $72.97 and a 52 week high of $101.99. The company has a market capitalization of $5.70 billion, a PE ratio of 317.19, a price-to-earnings-growth ratio of 6.26 and a beta of 0.97.

Casella Waste Systems (NASDAQ:CWSTGet Free Report) last posted its quarterly earnings results on Friday, April 26th. The industrial products company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $341.00 million for the quarter, compared to analysts’ expectations of $340.70 million. Casella Waste Systems had a net margin of 1.32% and a return on equity of 4.47%. The business’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. As a group, analysts expect that Casella Waste Systems, Inc. will post 0.79 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO John W. Casella sold 1,673 shares of Casella Waste Systems 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 sale, the chief executive officer now owns 35,189 shares of the company’s stock, valued at $3,312,340.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, President Edmond Coletta sold 733 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $94.31, for a total value of $69,129.23. Following the completion of the sale, the president now directly owns 170,486 shares of the company’s stock, valued at $16,078,534.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John W. Casella sold 1,673 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total transaction of $157,479.49. Following the transaction, the chief executive officer now directly owns 35,189 shares in the company, valued at approximately $3,312,340.57. The disclosure for this sale can be found here. Insiders have sold 2,967 shares of company stock worth $279,523 in the last three months. Corporate insiders own 4.24% of the company’s stock.

Casella Waste Systems Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Casella Waste Systems (NASDAQ:CWST)

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