Casella Waste Systems, Inc. (NASDAQ:CWST) Shares Sold by American International Group Inc.

American International Group Inc. decreased its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,085 shares of the industrial products company’s stock after selling 113 shares during the quarter. American International Group Inc.’s holdings in Casella Waste Systems were worth $2,400,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Operose Advisors LLC bought a new position in Casella Waste Systems in the 3rd quarter worth about $25,000. Johnson Financial Group Inc. bought a new position in Casella Waste Systems in the 4th quarter worth about $28,000. Parallel Advisors LLC grew its position in Casella Waste Systems by 232.0% in the 4th quarter. Parallel Advisors LLC now owns 332 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 232 shares during the last quarter. Harbor Investment Advisory LLC grew its position in Casella Waste Systems by 484.2% in the 4th quarter. Harbor Investment Advisory LLC now owns 444 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 368 shares during the last quarter. Finally, Headlands Technologies LLC grew its position in Casella Waste Systems by 124.3% in the 4th quarter. Headlands Technologies LLC now owns 758 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 420 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Casella Waste Systems in a research report on Thursday, May 23rd. They issued a “hold” rating and a $106.00 target price for the company. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $100.40.

Casella Waste Systems Trading Down 0.7 %

Casella Waste Systems stock opened at $99.33 on Wednesday. The firm has a 50 day simple moving average of $96.47 and a 200-day simple moving average of $92.21. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.58 and a quick ratio of 1.50. The stock has a market capitalization of $5.76 billion, a PE ratio of 320.42, a price-to-earnings-growth ratio of 6.21 and a beta of 0.97. Casella Waste Systems, Inc. has a 12-month low of $72.97 and a 12-month high of $101.99.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Friday, April 26th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The business had revenue of $341.00 million during the quarter, compared to analysts’ expectations of $340.70 million. Casella Waste Systems had a net margin of 1.32% and a return on equity of 4.47%. The business’s revenue was up 29.9% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share. As a group, equities research analysts expect that Casella Waste Systems, Inc. will post 0.79 EPS for the current fiscal year.

About Casella Waste Systems

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.