Casella Waste Systems Inc. (NASDAQ:CWST) has been given an average recommendation of “Buy” by the six analysts that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $18.00.
A number of research analysts recently weighed in on CWST shares. Zacks Investment Research cut Casella Waste Systems from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Stifel Nicolaus cut Casella Waste Systems from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a report on Wednesday, October 4th. KeyCorp restated a “buy” rating on shares of Casella Waste Systems in a research note on Friday, October 13th. Finally, BidaskClub upgraded Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 29th.
Casella Waste Systems (CWST) opened at $24.17 on Tuesday. Casella Waste Systems has a fifty-two week low of $11.15 and a fifty-two week high of $24.45. The firm has a market capitalization of $1,011.97, a price-to-earnings ratio of -18.59 and a beta of 0.72. The company has a debt-to-equity ratio of -7.91, a current ratio of 0.98 and a quick ratio of 0.91.
Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Wednesday, November 1st. The industrial products company reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. Casella Waste Systems had a negative return on equity of 56.99% and a negative net margin of 9.09%. The firm had revenue of $160.27 million for the quarter, compared to analysts’ expectations of $154.61 million. During the same quarter last year, the firm earned $0.18 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. equities analysts forecast that Casella Waste Systems will post 0.64 EPS for the current fiscal year.
In other news, CEO John W. Casella sold 62,433 shares of Casella Waste Systems stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $19.31, for a total transaction of $1,205,581.23. Following the sale, the chief executive officer now directly owns 472,112 shares of the company’s stock, valued at $9,116,482.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James F. Callahan, Jr. sold 15,000 shares of Casella Waste Systems stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $21.00, for a total value of $315,000.00. Following the sale, the director now directly owns 78,102 shares in the company, valued at $1,640,142. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 200,524 shares of company stock worth $4,077,303. 11.47% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in CWST. BNP Paribas Arbitrage SA increased its position in shares of Casella Waste Systems by 206.2% during the second quarter. BNP Paribas Arbitrage SA now owns 7,309 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 4,922 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Casella Waste Systems during the second quarter worth about $186,000. Tudor Investment Corp ET AL increased its position in shares of Casella Waste Systems by 24.5% during the second quarter. Tudor Investment Corp ET AL now owns 13,374 shares of the industrial products company’s stock worth $219,000 after acquiring an additional 2,633 shares during the last quarter. Voya Investment Management LLC purchased a new stake in shares of Casella Waste Systems during the second quarter worth about $274,000. Finally, AXA increased its holdings in Casella Waste Systems by 24.7% in the second quarter. AXA now owns 22,690 shares of the industrial products company’s stock valued at $372,000 after buying an additional 4,500 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.
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About Casella Waste Systems
Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. It manages its solid waste operations on a geographic basis through two regional operating segments: Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations through its Recycling segment.
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