UBS began coverage on shares of Casella Waste Systems (NASDAQ:CWST) in a research note issued to investors on Wednesday, March 14th, www.benzinga.com reports. The brokerage set a “neutral” rating and a $25.00 price target on the industrial products company’s stock. UBS’s target price would indicate a potential upside of 2.04% from the company’s current price.
CWST has been the subject of a number of other research reports. Stifel Nicolaus upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Wednesday, January 24th. BidaskClub raised Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 29th. TheStreet raised Casella Waste Systems from a “d” rating to a “c” rating in a research note on Thursday, March 1st. Zacks Investment Research downgraded Casella Waste Systems from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Finally, ValuEngine raised Casella Waste Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Casella Waste Systems currently has a consensus rating of “Buy” and an average target price of $23.60.
NASDAQ CWST traded down $0.18 during mid-day trading on Wednesday, reaching $24.50. 487,056 shares of the company’s stock traded hands, compared to its average volume of 312,442. Casella Waste Systems has a 1-year low of $13.32 and a 1-year high of $27.38. The company has a quick ratio of 0.88, a current ratio of 0.95 and a debt-to-equity ratio of -12.61. The firm has a market cap of $1,043.52, a PE ratio of 36.57 and a beta of 0.92.
Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Thursday, March 1st. The industrial products company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). The firm had revenue of $151.20 million during the quarter, compared to analyst estimates of $145.30 million. Casella Waste Systems had a negative return on equity of 58.61% and a negative net margin of 3.64%. Casella Waste Systems’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.05 EPS. analysts anticipate that Casella Waste Systems will post 0.73 earnings per share for the current year.
In other Casella Waste Systems news, General Counsel David L. Schmitt sold 3,108 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $26.53, for a total value of $82,455.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory B. Peters sold 4,300 shares of the business’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $23.28, for a total value of $100,104.00. Following the transaction, the director now directly owns 92,291 shares of the company’s stock, valued at approximately $2,148,534.48. The disclosure for this sale can be found here. Insiders sold 129,625 shares of company stock worth $3,215,250 in the last 90 days. Corporate insiders own 11.47% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of CWST. Voya Investment Management LLC acquired a new position in shares of Casella Waste Systems during the 2nd quarter worth about $274,000. State Street Corp raised its holdings in Casella Waste Systems by 7.3% in the 2nd quarter. State Street Corp now owns 707,702 shares of the industrial products company’s stock valued at $11,615,000 after acquiring an additional 47,955 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Casella Waste Systems by 3.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,060 shares of the industrial products company’s stock valued at $526,000 after acquiring an additional 1,016 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Casella Waste Systems by 74.5% in the 3rd quarter. Nationwide Fund Advisors now owns 204,585 shares of the industrial products company’s stock valued at $3,846,000 after acquiring an additional 87,377 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Casella Waste Systems in the 3rd quarter valued at approximately $712,000. 81.22% of the stock is owned by institutional investors and hedge funds.
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Casella Waste Systems Company Profile
Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically-integrated solid waste services company in the northeastern United States. The company operates through Eastern Region, Western Region, Recycling, and Other segments. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers.
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