Casella Waste Systems (NASDAQ:CWST) Price Target Raised to $109.00

Casella Waste Systems (NASDAQ:CWST) had its price objective increased by equities research analysts at Barclays from $104.00 to $109.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. Barclays‘s price target points to a potential upside of 15.54% from the company’s current price.

Other equities analysts have also issued research reports about the company. UBS Group lowered Casella Waste Systems from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $122.00 to $95.00 in a research note on Wednesday, October 21st. JPMorgan Chase & Co. boosted their price target on Casella Waste Systems from $91.00 to $99.00 and gave the company a “neutral” rating in a research note on Wednesday, October 21st. Weiss Ratings lowered Casella Waste Systems from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 30th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $106.00 price objective on shares of Casella Waste Systems in a report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $105.80.

Casella Waste Systems Stock Performance

Shares of CWST traded up $1.34 during trading hours on Wednesday, hitting $94.34. The company had a trading volume of 103,575 shares, compared to its average volume of 706,074. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of -521.42 and a beta of 0.71. The business has a fifty day moving average of $89.36 and a 200-day moving average of $90.00. Casella Waste Systems has a 12 month low of $74.05 and a 12 month high of $107.96. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.84.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Monday, November 9th. The industrial products company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.07). The company had revenue of $559.23 million for the quarter, compared to the consensus estimate of $563.17 million. Casella Waste Systems had a positive return on equity of 5.04% and a negative net margin of 0.56%. The business’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.42 EPS. Equities analysts anticipate that Casella Waste Systems will post 1.22 EPS for the current fiscal year.

Insider Activity at Casella Waste Systems

In other Casella Waste Systems news, Director Michael K. Burke sold 1,100 shares of Casella Waste Systems stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $95.26, for a total value of $104,786.00. Following the completion of the transaction, the director directly owned 13,641 shares of the company’s stock, valued at $1,299,441.66. The trade was a 7.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas R. Casella sold 1,343 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $91.12, for a total value of $122,374.16. Following the sale, the director owned 90,141 shares of the company’s stock, valued at approximately $8,213,647.92. The trade was a 1.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 18,895 shares of company stock valued at $1,728,744. 3.78% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Casella Waste Systems

Large investors have recently bought and sold shares of the company. Wasatch Advisors LP lifted its holdings in shares of Casella Waste Systems by 36.8% during the 2nd quarter. Wasatch Advisors LP now owns 3,531,594 shares of the industrial products company’s stock worth $342,459,000 after acquiring an additional 949,374 shares during the period. Wellington Management Group LLP raised its position in Casella Waste Systems by 6.6% during the second quarter. Wellington Management Group LLP now owns 1,292,101 shares of the industrial products company’s stock valued at $125,295,000 after purchasing an additional 80,299 shares in the last quarter. Voya Investment Management LLC raised its position in Casella Waste Systems by 50.0% during the third quarter. Voya Investment Management LLC now owns 1,109,458 shares of the industrial products company’s stock valued at $89,145,000 after purchasing an additional 369,806 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Casella Waste Systems by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,067,132 shares of the industrial products company’s stock valued at $84,663,000 after purchasing an additional 31,471 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Casella Waste Systems by 3.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 721,890 shares of the industrial products company’s stock worth $58,863,000 after purchasing an additional 22,270 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Casella Waste Systems News Roundup

Here’s some of the latest news about CWST:

• Positive Sentiment: Deutsche Bank raised its price target to $100 from $95, while keeping a Hold rating. BofA Securities also lifted its target, to $94 from $91. Deutsche Bank Price Target Update
• Neutral Sentiment: Casella’s FY 2026 revenue guidance is approximately $2.1 billion, in line with analyst expectations. FY 2026 Guidance Update
• Neutral Sentiment: CFO Bradford Helgeson sold 195 shares under a pre-arranged 10b5-1 plan to cover tax withholding on vested equity awards; he retained 7,147 shares. The small, tax-related sale is less likely to signal a change in his outlook. CFO Share Sale

About Casella Waste Systems

Casella Waste Systems is a regional solid waste services company that provides collection, transfer, disposal, recycling and resource management services. Its customers include residential, commercial, municipal and industrial clients. The company operates primarily in the northeastern United States, with services across states including Vermont, New Hampshire, New York, Maine, Massachusetts, Connecticut and Pennsylvania. Its operations also include recycling and organics services designed to recover materials and manage waste.