Mariner LLC Has $388,000 Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Mariner LLC raised its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 10.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,671 shares of the industrial products company’s stock after buying an additional 338 shares during the period. Mariner LLC’s holdings in Casella Waste Systems were worth $388,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CWST. Norges Bank acquired a new stake in Casella Waste Systems during the 4th quarter valued at $43,785,000. Raymond James Financial Inc. acquired a new stake in Casella Waste Systems during the fourth quarter worth approximately $31,326,000. Wellington Management Group LLP raised its stake in Casella Waste Systems by 13.1% in the fourth quarter. Wellington Management Group LLP now owns 1,644,476 shares of the industrial products company’s stock valued at $174,002,000 after purchasing an additional 190,023 shares in the last quarter. Franklin Resources Inc. increased its stake in Casella Waste Systems by 41.1% in the third quarter. Franklin Resources Inc. now owns 495,294 shares of the industrial products company’s stock valued at $50,604,000 after acquiring an additional 144,212 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Casella Waste Systems by 23.9% during the 4th quarter. American Century Companies Inc. now owns 716,267 shares of the industrial products company’s stock worth $75,788,000 after buying an additional 138,229 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Stock Down 0.5 %

Casella Waste Systems stock opened at $116.75 on Friday. The firm has a 50 day moving average price of $112.05 and a 200-day moving average price of $109.28. Casella Waste Systems, Inc. has a twelve month low of $91.01 and a twelve month high of $120.69. The company has a market capitalization of $7.40 billion, a P/E ratio of 507.61, 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 released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. The business had revenue of $417.10 million during the quarter, compared to analyst estimates of $403.64 million. During the same period in the previous year, the business earned $0.15 EPS. Casella Waste Systems’s revenue was up 22.3% compared to the same quarter last year. As a group, equities analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Insider Buying and Selling

In other Casella Waste Systems news, SVP Paul Ligon sold 2,000 shares of Casella Waste Systems stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $118.67, for a total transaction of $237,340.00. Following the completion of the sale, the senior vice president now owns 20,347 shares of the company’s stock, valued at $2,414,578.49. The trade was a 8.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CWST has been the topic of a number of research reports. Stifel Nicolaus boosted their target price on shares of 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 target price on shares of Casella Waste Systems from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Raymond James reaffirmed a “strong-buy” rating on shares of Casella Waste Systems in a research report on Wednesday, April 16th. TD Cowen assumed coverage on Casella Waste Systems in a report on Wednesday, April 9th. They set a “buy” rating and a $130.00 price objective for the company. Finally, William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Two research 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.67.

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.