Jennison Associates LLC Has $38.74 Million Stock Holdings in Casella Waste Systems, Inc. (NASDAQ:CWST)

Jennison Associates LLC decreased its position in Casella Waste Systems, Inc. (NASDAQ:CWST) by 4.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 389,351 shares of the industrial products company’s stock after selling 19,345 shares during the period. Jennison Associates LLC’s holdings in Casella Waste Systems were worth $38,737,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. grew its stake in Casella Waste Systems by 108.0% in 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 acquiring an additional 34,340 shares during the period. Williams Financial LLC acquired a new position in shares of Casella Waste Systems in the 2nd quarter valued at approximately $2,427,000. Vanguard Group Inc. increased its stake in Casella Waste Systems by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 5,536,410 shares of the industrial products company’s stock worth $547,385,000 after purchasing an additional 57,540 shares in the last quarter. Comerica Bank raised its holdings in Casella Waste Systems by 7.7% during the 1st quarter. Comerica Bank now owns 311,433 shares of the industrial products company’s stock worth $30,791,000 after buying an additional 22,384 shares during the period. Finally, Millennium Management LLC lifted its stake in Casella Waste Systems by 667.9% in the second quarter. Millennium Management LLC now owns 48,231 shares of the industrial products company’s stock valued at $4,785,000 after buying an additional 41,950 shares in the last quarter. Institutional investors own 99.51% of the company’s stock.

Insider Transactions at Casella Waste Systems

In related news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $106.81, for a total transaction of $184,781.30. Following the completion of the sale, the senior vice president now owns 21,085 shares of the company’s stock, valued at approximately $2,252,088.85. The trade was a 7.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.24% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Raymond James boosted their price target on Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a report on Thursday, September 19th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $117.00 target price (up previously from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. William Blair started coverage on shares of Casella Waste Systems in a research note on Thursday, October 3rd. They set an “outperform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $111.50.

Casella Waste Systems Stock Performance

Shares of CWST opened at $111.33 on Friday. The company has a market cap of $7.05 billion, a PE ratio of 927.75, a price-to-earnings-growth ratio of 6.48 and a beta of 0.99. The firm has a 50-day moving average of $102.90 and a 200-day moving average of $101.90. Casella Waste Systems, Inc. has a one year low of $79.16 and a one year high of $112.64. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.55 and a quick ratio of 2.48.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The business had revenue of $411.63 million for the quarter, compared to the consensus estimate 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 for the quarter was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 EPS. As a group, equities analysts forecast that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current year.

Casella Waste Systems Profile

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.