MetLife Investment Management LLC Boosts Stock Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

MetLife Investment Management LLC lifted its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 6.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,058 shares of the industrial products company’s stock after purchasing an additional 2,049 shares during the period. MetLife Investment Management LLC owned 0.06% of Casella Waste Systems worth $3,488,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CWST. Harbor Capital Advisors Inc. lifted its holdings in shares of Casella Waste Systems by 108.0% during the third quarter. Harbor Capital Advisors Inc. now owns 66,129 shares of the industrial products company’s stock valued at $6,579,000 after purchasing an additional 34,340 shares during the last quarter. Williams Financial LLC purchased a new position in shares of Casella Waste Systems during the second quarter valued at approximately $2,427,000. Millennium Management LLC lifted its holdings in shares of Casella Waste Systems by 667.9% during the second quarter. Millennium Management LLC now owns 48,231 shares of the industrial products company’s stock valued at $4,785,000 after purchasing an additional 41,950 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Casella Waste Systems by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 861,463 shares of the industrial products company’s stock valued at $85,476,000 after purchasing an additional 26,189 shares during the last quarter. Finally, MQS Management LLC purchased a new position in shares of Casella Waste Systems during the third quarter valued at approximately $562,000. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Casella Waste Systems Stock Performance

NASDAQ:CWST opened at $113.93 on Wednesday. The company has a current ratio of 2.55, a quick ratio of 2.48 and a debt-to-equity ratio of 0.68. Casella Waste Systems, Inc. has a 12 month low of $80.04 and a 12 month high of $114.64. The company has a market cap of $7.21 billion, a PE ratio of 949.42, a price-to-earnings-growth ratio of 6.75 and a beta of 1.02. The company has a 50 day simple moving average of $104.18 and a two-hundred day simple moving average of $102.77.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). The business had revenue of $411.63 million for the quarter, compared to analysts’ expectations of $412.59 million. Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 EPS. Research analysts forecast that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current year.

Insider Transactions at Casella Waste Systems

In related news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $106.81, for a total transaction of $184,781.30. Following the transaction, the senior vice president now owns 21,085 shares in the company, valued at approximately $2,252,088.85. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CWST shares. William Blair started coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They set an “outperform” rating for the company. Raymond James raised their price target on shares of Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $111.50.

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.