Cerity Partners LLC Has $815,000 Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Cerity Partners LLC cut its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 11.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,193 shares of the industrial products company’s stock after selling 1,102 shares during the period. Cerity Partners LLC’s holdings in Casella Waste Systems were worth $815,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. HighTower Advisors LLC grew its stake in 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 in the last quarter. Barclays PLC increased its stake in Casella Waste Systems by 29.0% in the third 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 raised its position in Casella Waste Systems by 63.2% during the third quarter. Sanctuary Advisors LLC now owns 5,448 shares of the industrial products company’s stock valued at $542,000 after purchasing an additional 2,109 shares in the last quarter. Franklin Resources Inc. lifted its stake in 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 last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Casella Waste Systems by 87.1% in the 4th 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 in the last quarter. 99.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CWST has been the subject of several recent analyst reports. UBS Group upped their price objective on Casella Waste Systems from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, April 11th. Jefferies Financial Group lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating and decreased their price target for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. Stifel Nicolaus raised their target price on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. TD Cowen initiated coverage on shares of Casella Waste Systems in a report on Wednesday, April 9th. They set a “buy” rating and a $130.00 price target for the company. Finally, Raymond James reissued a “strong-buy” rating on shares of Casella Waste Systems in a report on Wednesday. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $122.67.

Insider Buying and Selling

In other Casella Waste Systems news, SVP Paul Ligon sold 2,000 shares of the business’s stock in a transaction that occurred 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 directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.24% of the stock is owned by insiders.

Casella Waste Systems Stock Up 0.3 %

Shares of NASDAQ:CWST opened at $118.30 on Friday. The business has a fifty day simple moving average of $111.30 and a 200 day simple moving average of $108.22. Casella Waste Systems, Inc. has a 12-month low of $86.41 and a 12-month high of $120.69. The firm has a market cap 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 quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70.

Casella Waste Systems (NASDAQ:CWST) last posted 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%. Analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current 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.