Allspring Global Investments Holdings LLC Sells 64,727 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 7.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 813,157 shares of the industrial products company’s stock after selling 64,727 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.28% of Casella Waste Systems worth $84,752,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wasatch Advisors LP lifted its position in shares of Casella Waste Systems by 0.3% during the 3rd quarter. Wasatch Advisors LP now owns 1,739,222 shares of the industrial products company’s stock valued at $173,035,000 after acquiring an additional 4,462 shares during the period. Wellington Management Group LLP increased its stake in Casella Waste Systems by 50.4% in the third quarter. Wellington Management Group LLP now owns 1,454,453 shares of the industrial products company’s stock valued at $144,704,000 after purchasing an additional 487,661 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Casella Waste Systems by 8.3% during the third quarter. Geode Capital Management LLC now owns 1,430,958 shares of the industrial products company’s stock valued at $142,393,000 after purchasing an additional 109,288 shares during the period. State Street Corp boosted its position in shares of Casella Waste Systems by 5.7% during the 3rd quarter. State Street Corp now owns 1,387,662 shares of the industrial products company’s stock worth $138,058,000 after purchasing an additional 75,352 shares in the last quarter. Finally, Geneva Capital Management LLC grew its stake in shares of Casella Waste Systems by 0.4% in the 3rd quarter. Geneva Capital Management LLC now owns 1,040,619 shares of the industrial products company’s stock valued at $103,531,000 after buying an additional 4,324 shares during the period. 99.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Jefferies Financial Group downgraded Casella Waste Systems from a “buy” rating to a “hold” rating and dropped their price target for the stock from $115.00 to $113.00 in a research note on Thursday, January 23rd. Stifel Nicolaus upped their target price on Casella Waste Systems from $117.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. 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. Three investment 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 stock. According to data from MarketBeat, Casella Waste Systems presently has an average rating of “Moderate Buy” and an average price target of $113.80.

Casella Waste Systems Stock Down 0.7 %

CWST stock opened at $106.71 on Thursday. The firm has a market capitalization of $6.76 billion, a PE ratio of 889.25, a P/E/G ratio of 3.89 and a beta of 1.04. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68. Casella Waste Systems, Inc. has a twelve month low of $84.45 and a twelve month high of $114.88. The stock’s 50 day moving average is $107.68 and its 200-day moving average is $105.64.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.25. Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. Sell-side analysts expect that Casella Waste Systems, Inc. will post 0.65 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.