Granahan Investment Management LLC boosted its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST – Get Rating) by 57.1% in the first quarter, Holdings Channel reports. The firm owned 171,653 shares of the industrial products company's stock after purchasing an additional 62,388 shares during the quarter. Granahan Investment Management LLC's holdings in Casella Waste Systems were worth $15,045,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CWST. abrdn plc lifted its stake in Casella Waste Systems by 3.5% during the fourth quarter. abrdn plc now owns 831,528 shares of the industrial products company's stock worth $71,029,000 after purchasing an additional 28,366 shares during the period. First Trust Advisors LP lifted its stake in Casella Waste Systems by 430.6% during the fourth quarter. First Trust Advisors LP now owns 43,002 shares of the industrial products company's stock worth $3,673,000 after purchasing an additional 34,897 shares during the period. First Republic Investment Management Inc. bought a new position in Casella Waste Systems during the fourth quarter worth about $614,000. BNP Paribas Arbitrage SA lifted its stake in Casella Waste Systems by 60.2% during the fourth quarter. BNP Paribas Arbitrage SA now owns 23,625 shares of the industrial products company's stock worth $2,018,000 after purchasing an additional 8,880 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in Casella Waste Systems by 252.4% during the fourth quarter. Principal Financial Group Inc. now owns 34,683 shares of the industrial products company's stock worth $2,963,000 after purchasing an additional 24,842 shares during the period. Institutional investors own 96.50% of the company's stock.

Casella Waste Systems Stock Performance

NASDAQ CWST opened at $83.89 on Friday. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 92.19, a PEG ratio of 5.50 and a beta of 0.97. The company has a 50 day moving average of $80.08 and a 200-day moving average of $78.98. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 1.26. Casella Waste Systems, Inc. has a 1-year low of $63.90 and a 1-year high of $92.75.

Insider Activity at Casella Waste Systems

In related news, Director Douglas R. Casella sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $84.08, for a total value of $1,681,600.00. Following the completion of the sale, the director now owns 208,773 shares of the company's stock, valued at $17,553,633.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Douglas R. Casella sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $84.08, for a total value of $1,681,600.00. Following the completion of the sale, the director now owns 208,773 shares of the company's stock, valued at $17,553,633.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Edmond Coletta sold 10,000 shares of Casella Waste Systems stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $83.79, for a total transaction of $837,900.00. Following the sale, the chief financial officer now directly owns 148,361 shares of the company's stock, valued at approximately $12,431,168.19. The disclosure for this sale can be found here. Insiders sold a total of 36,600 shares of company stock valued at $3,079,431 over the last quarter. Corporate insiders own 5.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. StockNews.com raised shares of Casella Waste Systems from a "hold" rating to a "buy" rating in a report on Thursday, August 11th. Raymond James raised their price objective on shares of Casella Waste Systems from $89.00 to $93.00 and gave the stock a "strong-buy" rating in a report on Monday, August 1st. Finally, TheStreet raised shares of Casella Waste Systems from a "c+" rating to a "b-" rating in a report on Friday, July 29th.

About Casella Waste Systems

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Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the northeastern 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.

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