Wellington Management Group LLP Has $125.30 Million Stock Holdings in Casella Waste Systems, Inc. $CWST

Wellington Management Group LLP increased its stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 6.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,292,101 shares of the industrial products company’s stock after acquiring an additional 80,299 shares during the period. Wellington Management Group LLP’s holdings in Casella Waste Systems were worth $125,295,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its holdings in shares of Casella Waste Systems by 57.7% in the first quarter. AQR Capital Management LLC now owns 9,283 shares of the industrial products company’s stock valued at $1,035,000 after purchasing an additional 3,395 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Casella Waste Systems by 1,601.9% during the first quarter. Jones Financial Companies Lllp now owns 5,412 shares of the industrial products company’s stock worth $603,000 after buying an additional 5,094 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Casella Waste Systems by 3,226.1% during the first quarter. Jane Street Group LLC now owns 69,849 shares of the industrial products company’s stock worth $7,789,000 after buying an additional 67,749 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Casella Waste Systems by 301.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after buying an additional 184 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Casella Waste Systems in the 2nd quarter valued at approximately $63,000. 99.51% of the stock is owned by institutional investors.

Insider Transactions at Casella Waste Systems

In other Casella Waste Systems news, Director Douglas R. Casella sold 15,157 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $91.05, for a total transaction of $1,380,044.85. Following the transaction, the director owned 91,484 shares of the company’s stock, valued at $8,329,618.20. The trade was a 14.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael K. Burke sold 1,100 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $92.99, for a total value of $102,289.00. Following the completion of the sale, the director owned 14,741 shares in the company, valued at $1,370,765.59. This represents a 6.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 17,600 shares of company stock valued at $1,604,708 in the last quarter. 3.78% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Casella Waste Systems from $102.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, August 10th. Weiss Ratings raised shares of Casella Waste Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. JPMorgan Chase & Co. lowered their price target on shares of Casella Waste Systems from $110.00 to $105.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. TD Cowen restated a “buy” rating on shares of Casella Waste Systems in a research note on Friday, June 5th. Finally, UBS Group decreased their price objective on Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating for the company in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $109.75.

Casella Waste Systems Stock Performance

NASDAQ CWST opened at $92.65 on Wednesday. The firm has a market capitalization of $5.90 billion, a P/E ratio of 1,029.56 and a beta of 0.74. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.84. The firm’s fifty day moving average price is $93.11 and its two-hundred day moving average price is $88.93. Casella Waste Systems, Inc. has a 1 year low of $74.05 and a 1 year high of $107.96.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $543.75 million during the quarter, compared to the consensus estimate of $526.43 million. Casella Waste Systems had a net margin of 0.29% and a return on equity of 5.32%. The company’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 EPS. As a group, research analysts anticipate that Casella Waste Systems, Inc. will post 1.24 EPS for the current year.

About Casella Waste Systems

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.