Shares of Casella Waste Systems Inc. (NASDAQ:CWST) have received an average recommendation of “Buy” from the six research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $20.00.
Several research firms recently issued reports on CWST. Zacks Investment Research lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Wednesday, January 24th. BidaskClub raised shares of Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 29th. Finally, KeyCorp reissued a “buy” rating on shares of Casella Waste Systems in a research report on Friday, November 3rd.
In other Casella Waste Systems news, COO Edwin D. Johnson sold 99,091 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $21.01, for a total transaction of $2,081,901.91. Following the sale, the chief operating officer now directly owns 469,500 shares of the company’s stock, valued at $9,864,195. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Edmond Coletta sold 13,000 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $19.60, for a total transaction of $254,800.00. The disclosure for this sale can be found here. Insiders sold 128,591 shares of company stock valued at $2,682,077 in the last three months. Company insiders own 11.47% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its stake 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 buying an additional 333,900 shares during the last quarter. Standard Life Aberdeen plc bought a new stake in Casella Waste Systems during the fourth quarter worth about $51,786,000. Dimensional Fund Advisors LP grew its stake in Casella Waste Systems by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 2,033,357 shares of the industrial products company’s stock worth $38,227,000 after buying an additional 16,972 shares during the last quarter. Vanguard Group Inc. grew its stake in Casella Waste Systems by 7.4% during the second quarter. Vanguard Group Inc. now owns 1,667,852 shares of the industrial products company’s stock worth $27,369,000 after buying an additional 115,130 shares during the last quarter. Finally, Macquarie Group Ltd. grew its stake in Casella Waste Systems by 51.3% during the third quarter. Macquarie Group Ltd. now owns 1,550,003 shares of the industrial products company’s stock worth $29,140,000 after buying an additional 525,459 shares during the last quarter. 77.99% of the stock is currently owned by hedge funds and other institutional investors.
Casella Waste Systems (NASDAQ CWST) opened at $26.43 on Friday. Casella Waste Systems has a 52-week low of $11.20 and a 52-week high of $27.38. The company has a debt-to-equity ratio of -7.91, a current ratio of 0.98 and a quick ratio of 0.91. The stock has a market cap of $1,067.89, a PE ratio of -20.33 and a beta of 0.79.
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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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