Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Bought by Deutsche Bank AG

Deutsche Bank AG lifted its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 44.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,006 shares of the industrial products company’s stock after acquiring an additional 16,820 shares during the period. Deutsche Bank AG owned 0.09% of Casella Waste Systems worth $5,820,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Wasatch Advisors LP raised its stake in Casella Waste Systems by 48.2% during the fourth quarter. Wasatch Advisors LP now owns 2,577,308 shares of the industrial products company’s stock worth $272,705,000 after purchasing an additional 838,086 shares during the period. Norges Bank acquired a new stake in shares of Casella Waste Systems during the 4th quarter worth $43,785,000. Raymond James Financial Inc. purchased a new position in shares of Casella Waste Systems in the 4th quarter worth $31,326,000. Voya Investment Management LLC boosted its holdings in Casella Waste Systems by 1,368.2% in 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 acquiring an additional 260,689 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings 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 valued at $148,380,000 after acquiring an additional 193,571 shares during the last quarter. 99.51% of the stock is owned by institutional investors and hedge funds.

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 stock was sold at an average price of $118.67, for a total value of $237,340.00. Following the completion of the transaction, the senior vice president now owns 20,347 shares of the company’s stock, valued at approximately $2,414,578.49. This represents a 8.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Edmond Coletta sold 5,562 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $119.18, for a total value of $662,879.16. Following the sale, the president now owns 150,093 shares of the company’s stock, valued at approximately $17,888,083.74. This trade represents a 3.57% decrease in their position. The disclosure for this sale can be found here. 4.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CWST has been the subject of several research analyst reports. William Blair restated an “outperform” rating on shares of Casella Waste Systems in a research note on Friday, February 14th. UBS Group increased their target price on shares of Casella Waste Systems from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, April 11th. TD Cowen assumed coverage on shares of Casella Waste Systems in a report on Wednesday, April 9th. They issued a “buy” rating and a $130.00 price target on the stock. Jefferies Financial Group downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $115.00 to $113.00 in a research note on Thursday, January 23rd. Finally, Raymond James reissued a “strong-buy” rating on shares of Casella Waste Systems in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.67.

Casella Waste Systems Stock Performance

Casella Waste Systems stock opened at $114.52 on Monday. The firm has a market capitalization of $7.27 billion, a PE ratio of 497.91, a price-to-earnings-growth ratio of 3.86 and a beta of 0.89. Casella Waste Systems, Inc. has a one year low of $91.01 and a one year high of $121.24. The stock’s 50 day moving average price is $113.11 and its 200 day moving average price is $110.28. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.08. The company had revenue of $417.10 million for the quarter, compared to analyst estimates of $403.64 million. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. The business’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 earnings per share. As a group, sell-side analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Casella Waste Systems Company 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.