Casella Waste Systems, Inc. (NASDAQ:CWST) Receives Consensus Rating of “Moderate Buy” from Brokerages

Casella Waste Systems, Inc. (NASDAQ:CWST) has received an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $110.1250.

CWST has been the subject of a number of analyst reports. TD Cowen restated a “buy” rating on shares of Casella Waste Systems in a research report on Friday, June 5th. Barclays upgraded Casella Waste Systems from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $101.00 to $102.00 in a research note on Monday, May 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Casella Waste Systems in a report on Friday, May 22nd. UBS Group decreased their target price on shares of Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating on the stock in a research note on Friday, June 26th. Finally, Zacks Research upgraded shares of Casella Waste Systems from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 8th.

Casella Waste Systems Price Performance

NASDAQ CWST opened at $91.99 on Tuesday. The company has a market capitalization of $5.85 billion, a PE ratio of 836.35 and a beta of 0.74. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.38 and a current ratio of 1.38. The business’s fifty day moving average is $90.76 and its 200 day moving average is $90.82. Casella Waste Systems has a fifty-two week low of $74.05 and a fifty-two week high of $107.96.

Insiders Place Their Bets

In related news, Director Michael K. Burke sold 2,305 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $87.56, for a total value of $201,825.80. Following the completion of the transaction, the director owned 14,048 shares of the company’s stock, valued at approximately $1,230,042.88. This represents a 14.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Edmond Coletta sold 12,500 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $89.56, for a total value of $1,119,500.00. Following the completion of the sale, the chief executive officer owned 140,118 shares of the company’s stock, valued at $12,548,968.08. The trade was a 8.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.78% of the company’s stock.

Hedge Funds Weigh In On Casella Waste Systems

Several large investors have recently made changes to their positions in CWST. Hilton Head Capital Partners LLC purchased a new stake in shares of Casella Waste Systems during the fourth quarter worth about $25,000. Geneos Wealth Management Inc. raised its position in shares of Casella Waste Systems by 301.6% during the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after buying an additional 184 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Casella Waste Systems in the fourth quarter worth $27,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Casella Waste Systems by 41.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 337 shares of the industrial products company’s stock worth $33,000 after buying an additional 98 shares in the last quarter. Finally, SHP Wealth Management bought a new position in shares of Casella Waste Systems during the fourth quarter worth $43,000. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.