Shares of Casella Waste Systems (NASDAQ:CWST) have earned a consensus rating of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $24.00.
Several research firms have issued reports on CWST. Zacks Investment Research downgraded Casella Waste Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. ValuEngine raised Casella Waste Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. UBS began coverage on Casella Waste Systems in a research note on Wednesday, March 14th. They issued a “neutral” rating and a $25.00 price target on the stock. BidaskClub raised Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $22.00 price target on shares of Casella Waste Systems in a research note on Thursday, January 4th.
In other news, VP Christopher Heald sold 2,883 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $26.51, for a total value of $76,428.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John W. Casella sold 19,571 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $26.49, for a total value of $518,435.79. The disclosure for this sale can be found here. Insiders sold a total of 129,625 shares of company stock valued at $3,215,250 in the last 90 days. 11.47% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in CWST. Standard Life Aberdeen plc bought a new position in shares of Casella Waste Systems in the 4th quarter valued at about $51,786,000. Millennium Management LLC grew its holdings 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 worth $16,394,000 after purchasing an additional 339,447 shares during the period. Renaissance Technologies LLC grew its holdings in Casella Waste Systems by 11.6% during the fourth quarter. Renaissance Technologies LLC now owns 3,211,600 shares of the industrial products company’s stock worth $73,931,000 after purchasing an additional 333,900 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in Casella Waste Systems during the fourth quarter worth about $7,653,000. Finally, Asset Management One Co. Ltd. bought a new position in Casella Waste Systems during the third quarter worth about $4,529,000. Institutional investors own 81.22% of the company’s stock.
Shares of CWST traded up $0.04 during midday trading on Friday, hitting $24.08. The stock had a trading volume of 69,697 shares, compared to its average volume of 255,110. Casella Waste Systems has a twelve month low of $13.32 and a twelve month high of $27.38. The company has a market capitalization of $1,029.99, a price-to-earnings ratio of 35.90 and a beta of 0.92. The company has a debt-to-equity ratio of -12.61, a current ratio of 0.95 and a quick ratio of 0.88.
Casella Waste Systems (NASDAQ:CWST) last released its quarterly 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 firm had revenue of $151.20 million during the quarter, compared to analyst estimates of $145.30 million. During the same period in the prior year, the business earned $0.05 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. sell-side analysts anticipate that Casella Waste Systems will post 0.72 earnings per share for the current fiscal year.
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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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