Metropolitan Life Insurance Co. NY Invests $299,000 in Casella Waste Systems (CWST) Stock

Metropolitan Life Insurance Co. NY purchased a new stake in shares of Casella Waste Systems (NASDAQ:CWST) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,983 shares of the industrial products company’s stock, valued at approximately $299,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Millennium Management LLC grew its position in Casella Waste Systems by 91.1% during the fourth quarter. Millennium Management LLC now owns 712,154 shares of the industrial products company’s stock valued at $16,394,000 after buying an additional 339,447 shares during the period. Raymond James & Associates grew its position in Casella Waste Systems by 13.3% during the fourth quarter. Raymond James & Associates now owns 393,775 shares of the industrial products company’s stock valued at $9,065,000 after buying an additional 46,252 shares during the period. Two Sigma Investments LP grew its position in Casella Waste Systems by 23.6% during the fourth quarter. Two Sigma Investments LP now owns 299,815 shares of the industrial products company’s stock valued at $6,902,000 after buying an additional 57,338 shares during the period. Two Sigma Advisers LP grew its position in Casella Waste Systems by 9.5% during the fourth quarter. Two Sigma Advisers LP now owns 397,191 shares of the industrial products company’s stock valued at $9,143,000 after buying an additional 34,300 shares during the period. Finally, Stone Ridge Asset Management LLC acquired a new stake in Casella Waste Systems during the fourth quarter valued at $263,000. Institutional investors own 81.22% of the company’s stock.

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Shares of NASDAQ CWST opened at $24.52 on Friday. Casella Waste Systems has a 52-week low of $13.32 and a 52-week high of $27.38. The stock has a market capitalization of $1,053.67, a PE ratio of 36.60 and a beta of 0.92. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of -12.61.

Casella Waste Systems (NASDAQ:CWST) last announced 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). Casella Waste Systems had a negative net margin of 3.64% and a negative return on equity of 58.61%. The company had revenue of $151.20 million during the quarter, compared to analyst estimates of $145.30 million. During the same quarter last year, the business earned $0.05 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. research analysts predict that Casella Waste Systems will post 0.72 earnings per share for the current fiscal year.

CWST has been the topic of several analyst reports. ValuEngine upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Stifel Nicolaus upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Wednesday, January 24th. BidaskClub upgraded shares of Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 29th. TheStreet upgraded shares of Casella Waste Systems from a “d” rating to a “c” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $23.60.

In other news, General Counsel David L. Schmitt sold 3,108 shares of Casella Waste Systems stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $26.53, for a total value of $82,455.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Christopher Heald sold 2,883 shares of Casella Waste Systems stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $26.51, for a total transaction of $76,428.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,625 shares of company stock worth $3,215,250. Company insiders own 11.47% of the company’s stock.

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About Casella Waste Systems

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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