Casella Waste Systems Inc. (NASDAQ:CWST) Position Boosted by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC increased its holdings in shares of Casella Waste Systems Inc. (NASDAQ:CWST) by 16.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,066 shares of the industrial products company’s stock after purchasing an additional 2,694 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Casella Waste Systems were worth $678,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rhumbline Advisers boosted its stake in shares of Casella Waste Systems by 45.9% during the 4th quarter. Rhumbline Advisers now owns 57,211 shares of the industrial products company’s stock worth $1,630,000 after acquiring an additional 17,990 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Casella Waste Systems by 17.2% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 22,393 shares of the industrial products company’s stock worth $638,000 after acquiring an additional 3,293 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Casella Waste Systems during the 4th quarter worth approximately $390,000. LPL Financial LLC purchased a new stake in Casella Waste Systems in the 4th quarter valued at approximately $241,000. Finally, BlackRock Inc. lifted its stake in Casella Waste Systems by 2.5% in the 4th quarter. BlackRock Inc. now owns 2,827,603 shares of the industrial products company’s stock valued at $80,560,000 after buying an additional 69,356 shares in the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

CWST traded up $0.03 during trading on Thursday, hitting $42.80. The company’s stock had a trading volume of 324,253 shares, compared to its average volume of 280,284. The business has a 50 day simple moving average of $39.97. The company has a debt-to-equity ratio of 6.53, a quick ratio of 0.96 and a current ratio of 1.02. The stock has a market cap of $1.99 billion, a PE ratio of 70.16 and a beta of 0.83. Casella Waste Systems Inc. has a twelve month low of $24.61 and a twelve month high of $43.04.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported ($0.01) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). The company had revenue of $163.70 million during the quarter, compared to the consensus estimate of $161.77 million. Casella Waste Systems had a return on equity of 390.60% and a net margin of 1.27%. Casella Waste Systems’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, research analysts expect that Casella Waste Systems Inc. will post 0.81 EPS for the current year.

In other news, CAO Christopher Heald sold 17,851 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $38.88, for a total transaction of $694,046.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John W. Casella sold 45,124 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $37.31, for a total value of $1,683,576.44. Following the sale, the chief executive officer now owns 422,204 shares of the company’s stock, valued at $15,752,431.24. The disclosure for this sale can be found here. Insiders sold a total of 415,251 shares of company stock valued at $15,599,854 over the last quarter. 9.65% of the stock is currently owned by insiders.

A number of research firms recently issued reports on CWST. BidaskClub raised ZIOPHARM Oncology from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 17th. Stifel Nicolaus upped their target price on Zendesk from $75.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, May 1st. TheStreet lowered ZTO Express (Cayman) from a “b+” rating to a “c” rating in a research note on Wednesday, May 1st. Zacks Investment Research lowered Gold Resource from a “hold” rating to a “sell” rating in a research note on Friday, June 21st. Finally, UBS Group upped their target price on Tableau Software to $134.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. Casella Waste Systems currently has a consensus rating of “Buy” and an average target price of $40.00.

Casella Waste Systems Company 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, Western, 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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