Metropolitan Life Insurance Co NY trimmed its stake in Casella Waste Systems, Inc. (NASDAQ:CWST – Get Rating) by 74.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,107 shares of the industrial products company's stock after selling 9,202 shares during the quarter. Metropolitan Life Insurance Co NY's holdings in Casella Waste Systems were worth $272,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. MetLife Investment Management LLC raised its position in shares of Casella Waste Systems by 54.9% in the 1st quarter. MetLife Investment Management LLC now owns 25,964 shares of the industrial products company's stock worth $2,276,000 after purchasing an additional 9,202 shares during the last quarter. Natixis Advisors L.P. raised its holdings in Casella Waste Systems by 7.5% in the first quarter. Natixis Advisors L.P. now owns 58,610 shares of the industrial products company's stock worth $5,137,000 after buying an additional 4,065 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in shares of Casella Waste Systems by 5.2% in the first quarter. Eagle Asset Management Inc. now owns 295,817 shares of the industrial products company's stock worth $25,928,000 after buying an additional 14,592 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of Casella Waste Systems during the first quarter valued at approximately $244,000. Finally, Bank of New York Mellon Corp increased its position in shares of Casella Waste Systems by 7.2% during the first quarter. Bank of New York Mellon Corp now owns 238,043 shares of the industrial products company's stock valued at $20,865,000 after acquiring an additional 16,077 shares in the last quarter. 96.50% of the stock is owned by hedge funds and other institutional investors.
Get Casella Waste Systems alerts:Casella Waste Systems Stock Performance
CWST opened at $83.63 on Thursday. Casella Waste Systems, Inc. has a 12-month low of $63.90 and a 12-month high of $92.75. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 91.90, a PEG ratio of 5.30 and a beta of 0.97. The company has a current ratio of 1.11, a quick ratio of 1.03 and a debt-to-equity ratio of 1.26. The company's 50 day moving average is $79.65 and its 200 day moving average is $78.83.
Casella Waste Systems (NASDAQ:CWST – Get Rating) last posted its quarterly earnings data on Thursday, July 28th. The industrial products company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.29 by $0.07. Casella Waste Systems had a return on equity of 12.27% and a net margin of 4.69%. The firm had revenue of $283.67 million during the quarter, compared to analyst estimates of $252.48 million. During the same period in the prior year, the business posted $0.25 EPS. Casella Waste Systems's revenue was up 31.4% on a year-over-year basis. On average, equities research analysts predict that Casella Waste Systems, Inc. will post 1.07 EPS for the current year.Analysts Set New Price Targets
CWST has been the topic of several recent analyst reports. StockNews.com upgraded Casella Waste Systems from a "hold" rating to a "buy" rating in a research note on Thursday, August 11th. Raymond James upped their target price on shares of Casella Waste Systems from $89.00 to $93.00 and gave the company a "strong-buy" rating in a research note on Monday, August 1st. Finally, TheStreet upgraded shares of Casella Waste Systems from a "c+" rating to a "b-" rating in a report on Friday, July 29th.
Insider Buying and Selling at Casella Waste Systems
In other news, CFO Edmond Coletta sold 10,000 shares of the stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $83.79, for a total value of $837,900.00. Following the completion of the sale, the chief financial officer now directly owns 148,361 shares of the company's stock, valued at $12,431,168.19. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Casella Waste Systems news, Director Michael K. Burke sold 5,350 shares of the company's stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $84.73, for a total value of $453,305.50. Following the completion of the transaction, the director now directly owns 19,087 shares in the company, valued at approximately $1,617,241.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Edmond Coletta sold 10,000 shares of Casella Waste Systems stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $83.79, for a total transaction of $837,900.00. Following the sale, the chief financial officer now owns 148,361 shares in the company, valued at approximately $12,431,168.19. The disclosure for this sale can be found here. Insiders have sold 36,600 shares of company stock valued at $3,079,431 over the last 90 days. 5.05% of the stock is currently owned by corporate insiders.
Casella Waste Systems Company Profile
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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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