20,153 Shares in Casella Waste Systems (CWST) Acquired by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC purchased a new stake in shares of Casella Waste Systems (NASDAQ:CWST) in the 4th quarter, HoldingsChannel reports. The fund purchased 20,153 shares of the industrial products company’s stock, valued at approximately $464,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ramsey Quantitative Systems purchased a new stake in shares of Casella Waste Systems during the 4th quarter valued at about $123,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Casella Waste Systems during the 4th quarter valued at about $138,000. Aperio Group LLC purchased a new stake in shares of Casella Waste Systems during the 4th quarter valued at about $231,000. Stone Ridge Asset Management LLC purchased a new stake in shares of Casella Waste Systems during the 4th quarter valued at about $263,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Casella Waste Systems during the 4th quarter valued at about $298,000. 81.22% of the stock is owned by hedge funds and other institutional investors.

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In other Casella Waste Systems news, Director Gregory B. Peters sold 4,300 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $23.28, for a total value of $100,104.00. Following the completion of the transaction, the director now directly owns 92,291 shares in the company, valued at approximately $2,148,534.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Douglas R. Casella sold 6,978 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $26.45, for a total value of $184,568.10. The disclosure for this sale can be found here. Insiders sold a total of 129,625 shares of company stock valued at $3,215,250 over the last three months. 11.47% of the stock is currently owned by insiders.

Casella Waste Systems stock opened at $24.52 on Friday. The company has a market capitalization of $1,049.02, a P/E ratio of 36.60 and a beta of 0.92. Casella Waste Systems has a 12-month low of $13.32 and a 12-month high of $27.38. The company has a quick ratio of 0.88, a current ratio of 0.95 and a debt-to-equity ratio of -12.61.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Thursday, March 1st. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). The firm had revenue of $151.20 million during the quarter, compared to analysts’ expectations of $145.30 million. Casella Waste Systems had a negative return on equity of 58.61% and a negative net margin of 3.64%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.05 earnings per share. analysts forecast that Casella Waste Systems will post 0.72 EPS for the current year.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. ValuEngine raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. UBS assumed coverage on shares of Casella Waste Systems in a report on Wednesday, March 14th. They issued a “neutral” rating and a $25.00 target price for the company. BidaskClub raised shares of Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 10th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $22.00 target price on shares of Casella Waste Systems in a report on Thursday, January 4th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $23.60.

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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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Institutional Ownership by Quarter for Casella Waste Systems (NASDAQ:CWST)

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