Allspring Global Investments Holdings LLC Has $69.02 Million Holdings in Casella Waste Systems, Inc. $CWST

Allspring Global Investments Holdings LLC lessened its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 699,620 shares of the industrial products company’s stock after selling 14,209 shares during the period. Allspring Global Investments Holdings LLC owned 1.10% of Casella Waste Systems worth $69,018,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CWST. Smartleaf Asset Management LLC grew its holdings in Casella Waste Systems by 180.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 191 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Casella Waste Systems by 301.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 184 shares in the last quarter. First Horizon Corp bought a new stake in shares of Casella Waste Systems during the 3rd quarter valued at about $31,000. EverSource Wealth Advisors LLC grew its stake in Casella Waste Systems by 235.3% during the second quarter. EverSource Wealth Advisors LLC now owns 285 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 200 shares during the period. Finally, Optiver Holding B.V. grew its stake in Casella Waste Systems by 280.0% during the third quarter. Optiver Holding B.V. now owns 399 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 294 shares during the period. Institutional investors and hedge funds own 99.51% of the company’s stock.

Analysts Set New Price Targets

CWST has been the topic of a number of research analyst reports. UBS Group cut their price target on Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Jefferies Financial Group set a $120.00 price objective on shares of Casella Waste Systems and gave the company a “buy” rating in a research note on Tuesday, January 6th. Zacks Research upgraded shares of Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Barclays increased their target price on shares of Casella Waste Systems from $95.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $113.11.

Casella Waste Systems Price Performance

Shares of NASDAQ:CWST opened at $79.34 on Wednesday. Casella Waste Systems, Inc. has a twelve month low of $74.05 and a twelve month high of $121.24. The stock’s 50 day moving average is $94.58 and its 200-day moving average is $94.12. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 661.22 and a beta of 0.80.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Thursday, February 19th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.08. Casella Waste Systems had a net margin of 0.43% and a return on equity of 5.17%. The business had revenue of $469.06 million during the quarter, compared to the consensus estimate of $471.32 million. During the same quarter last year, the firm posted $0.41 EPS. Casella Waste Systems’s revenue was up 9.7% compared to the same quarter last year. Sell-side analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Insider Buying and Selling at Casella Waste Systems

In other Casella Waste Systems news, Director John W. Casella sold 1,744 shares of Casella Waste Systems stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $87.77, for a total transaction of $153,070.88. Following the completion of the transaction, the director owned 30,795 shares in the company, valued at approximately $2,702,877.15. The trade was a 5.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bradford John Helgeson sold 405 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $87.73, for a total value of $35,530.65. Following the sale, the chief financial officer directly owned 7,342 shares of the company’s stock, valued at $644,113.66. This represents a 5.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 15,830 shares of company stock worth $1,454,208. 3.81% of the stock is currently owned by insiders.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.