Janus Henderson Group PLC Lowers Stake in Casella Waste Systems, Inc. (NASDAQ:CWST)

Janus Henderson Group PLC lessened its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 45.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,253 shares of the industrial products company’s stock after selling 23,800 shares during the period. Janus Henderson Group PLC’s holdings in Casella Waste Systems were worth $2,991,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Wasatch Advisors LP increased its position in Casella Waste Systems by 48.2% during the 4th quarter. Wasatch Advisors LP now owns 2,577,308 shares of the industrial products company’s stock valued at $272,705,000 after purchasing an additional 838,086 shares during the period. Norges Bank bought a new position in shares of Casella Waste Systems during the fourth quarter valued at approximately $43,785,000. Raymond James Financial Inc. purchased a new position in Casella Waste Systems during the fourth quarter valued at approximately $31,326,000. Voya Investment Management LLC increased its holdings in Casella Waste Systems by 1,368.2% during the fourth quarter. Voya Investment Management LLC now owns 279,743 shares of the industrial products company’s stock valued at $29,600,000 after buying an additional 260,689 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Casella Waste Systems by 16.0% in the fourth quarter. Ameriprise Financial Inc. now owns 1,402,322 shares of the industrial products company’s stock worth $148,380,000 after buying an additional 193,571 shares in the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Price Performance

NASDAQ:CWST opened at $116.19 on Wednesday. Casella Waste Systems, Inc. has a 52 week low of $91.01 and a 52 week high of $121.24. The stock’s fifty day moving average is $113.52 and its two-hundred day moving average is $110.44. The company has a market capitalization of $7.37 billion, a P/E ratio of 505.17, a P/E/G ratio of 3.86 and a beta of 0.89. 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 issued 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. The business had revenue of $417.10 million during the quarter, compared to analysts’ expectations of $403.64 million. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. The company’s revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 earnings per share. Equities analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on CWST shares. 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 report on Tuesday, February 18th. TD Cowen started coverage on shares of Casella Waste Systems in a research note on Wednesday, April 9th. They issued a “buy” rating and a $130.00 target price for the company. William Blair reaffirmed an “outperform” rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Raymond James reiterated a “strong-buy” rating on shares of Casella Waste Systems in a report on Wednesday, April 16th. Finally, UBS Group boosted their target price on Casella Waste Systems from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Casella Waste Systems has a consensus rating of “Moderate Buy” and a consensus price target of $122.67.

Insiders Place Their Bets

In related news, SVP Paul Ligon sold 2,000 shares of the stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $118.67, for a total value of $237,340.00. Following the sale, the senior vice president now directly owns 20,347 shares of the company’s stock, valued at approximately $2,414,578.49. This represents a 8.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Edmond Coletta sold 5,562 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $119.18, for a total transaction of $662,879.16. Following the completion of the sale, the president now owns 150,093 shares in the company, valued at $17,888,083.74. This represents a 3.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.24% of the stock is owned by insiders.

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.