Vanguard Group Inc. trimmed its position in shares of Casella Waste Systems Inc. (NASDAQ:CWST) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,883,548 shares of the industrial products company’s stock after selling 33,453 shares during the period. Vanguard Group Inc. owned about 4.39% of Casella Waste Systems worth $58,502,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of CWST. William Blair Investment Management LLC bought a new position in shares of Casella Waste Systems during the third quarter valued at about $16,541,000. Earnest Partners LLC raised its stake in Casella Waste Systems by 23.1% in the third quarter. Earnest Partners LLC now owns 2,262,018 shares of the industrial products company’s stock worth $70,258,000 after buying an additional 424,141 shares in the last quarter. Standard Life Aberdeen plc raised its stake in Casella Waste Systems by 5.3% in the third quarter. Standard Life Aberdeen plc now owns 2,210,330 shares of the industrial products company’s stock worth $68,653,000 after buying an additional 110,881 shares in the last quarter. United Services Automobile Association bought a new position in Casella Waste Systems in the second quarter worth about $2,375,000. Finally, EAM Global Investors LLC bought a new position in Casella Waste Systems in the third quarter worth about $1,378,000. 85.58% of the stock is owned by hedge funds and other institutional investors.
In other news, Director William P. Hulligan sold 10,000 shares of the stock in a transaction that occurred on Wednesday, December 12th. The shares were sold at an average price of $29.94, for a total transaction of $299,400.00. Following the sale, the director now owns 59,484 shares in the company, valued at $1,780,950.96. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Gregory B. Peters sold 4,000 shares of the stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $30.59, for a total transaction of $122,360.00. Following the sale, the director now owns 88,015 shares in the company, valued at approximately $2,692,378.85. The disclosure for this sale can be found here. 10.64% of the stock is currently owned by company insiders.
Shares of NASDAQ CWST opened at $30.79 on Wednesday. Casella Waste Systems Inc. has a fifty-two week low of $22.15 and a fifty-two week high of $34.48. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 48.90 and a beta of 0.90.
A number of research firms recently issued reports on CWST. BidaskClub raised shares of Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 1st. Zacks Investment Research downgraded shares of Casella Waste Systems from a “hold” rating to a “sell” rating in a research note on Monday, January 21st. KeyCorp began coverage on shares of Casella Waste Systems in a research note on Monday. They issued a “sector weight” rating for the company. ValuEngine downgraded shares of Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 11th. Finally, Stifel Nicolaus raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating and increased their price target for the stock from $30.00 to $32.00 in a research note on Thursday, December 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $32.00.
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Casella Waste Systems Profile
Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically-integrated solid waste services company in the northeastern United States. The company operates through Eastern Region, Western Region, Recycling, and Other segments. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers.
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