Casella Waste Systems, Inc. (NASDAQ:CWST) Given Consensus Recommendation of “Buy” by Analysts

Shares of Casella Waste Systems, Inc. (NASDAQ:CWST) have earned a consensus recommendation of “Buy” from the five brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $114.00.

Several brokerages recently commented on CWST. 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. William Blair began coverage on Casella Waste Systems in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Raymond James increased their price target on shares of Casella Waste Systems from $121.00 to $122.00 and gave the stock a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Stifel Nicolaus boosted their price objective on shares of Casella Waste Systems from $117.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th.

Insider Activity

In other news, SVP Paul Ligon sold 1,730 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $106.81, for a total transaction of $184,781.30. Following the transaction, the senior vice president now owns 21,085 shares in the company, valued at approximately $2,252,088.85. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.24% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Casella Waste Systems

Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of Casella Waste Systems by 64.5% in the third quarter. GAMMA Investing LLC now owns 528 shares of the industrial products company’s stock worth $53,000 after buying an additional 207 shares during the last quarter. Amalgamated Bank raised its stake in shares of Casella Waste Systems by 6.4% in the 3rd quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock valued at $210,000 after acquiring an additional 126 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Casella Waste Systems by 12.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,743 shares of the industrial products company’s stock worth $272,000 after purchasing an additional 311 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in Casella Waste Systems by 9.9% during the third quarter. Verdence Capital Advisors LLC now owns 2,932 shares of the industrial products company’s stock worth $292,000 after purchasing an additional 265 shares during the period. Finally, OneAscent Financial Services LLC acquired a new position in Casella Waste Systems during the third quarter valued at approximately $301,000. 99.51% of the stock is owned by institutional investors and hedge funds.

Casella Waste Systems Stock Performance

Shares of NASDAQ CWST opened at $107.42 on Friday. The stock’s fifty day simple moving average is $107.82 and its 200 day simple moving average is $104.48. The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of 895.17, a PEG ratio of 6.53 and a beta of 1.03. 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 has a 52-week low of $82.17 and a 52-week high of $114.88.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. The company had revenue of $411.63 million for the quarter, compared to analyst estimates of $412.59 million. During the same quarter in the previous year, the firm posted $0.35 EPS. Casella Waste Systems’s quarterly revenue was up 16.7% on a year-over-year basis. As a group, sell-side analysts forecast that Casella Waste Systems will post 0.65 earnings per share for the current fiscal year.

Casella Waste Systems Company 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.