Shares of Casella Waste Systems Inc. (NASDAQ:CWST) have received an average rating of “Buy” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $26.50.
Several research firms have recently issued reports on CWST. BidaskClub upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Wednesday, June 20th. TheStreet upgraded shares of Casella Waste Systems from a “d” rating to a “c” rating in a report on Thursday, March 1st. Zacks Investment Research downgraded shares of Casella Waste Systems from a “hold” rating to a “sell” rating in a report on Tuesday, May 15th. ValuEngine upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, UBS Group began coverage on shares of Casella Waste Systems in a report on Wednesday, March 14th. They issued a “neutral” rating and a $25.00 price target on the stock.
In related news, CEO John W. Casella sold 1,118 shares of the stock in a transaction that occurred on Tuesday, May 29th. The shares were sold at an average price of $23.77, for a total value of $26,574.86. Following the transaction, the chief executive officer now owns 442,840 shares in the company, valued at approximately $10,526,306.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Edmond Coletta sold 33,000 shares of the stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $23.79, for a total transaction of $785,070.00. Following the completion of the transaction, the chief financial officer now owns 117,255 shares in the company, valued at approximately $2,789,496.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,354 shares of company stock worth $1,761,331. 11.47% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. boosted its position in Casella Waste Systems by 1.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 197,032 shares of the industrial products company’s stock worth $4,536,000 after purchasing an additional 2,458 shares in the last quarter. Aperio Group LLC purchased a new stake in Casella Waste Systems in the 4th quarter worth approximately $231,000. Teacher Retirement System of Texas purchased a new stake in Casella Waste Systems in the 4th quarter worth approximately $298,000. Wells Fargo & Company MN boosted its position in Casella Waste Systems by 19.2% in the 4th quarter. Wells Fargo & Company MN now owns 246,206 shares of the industrial products company’s stock worth $5,667,000 after purchasing an additional 39,663 shares in the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new stake in Casella Waste Systems in the 4th quarter worth approximately $487,000. Institutional investors own 83.10% of the company’s stock.
Shares of Casella Waste Systems traded up $0.12, hitting $26.63, during mid-day trading on Friday, according to Marketbeat Ratings. 5,456 shares of the company traded hands, compared to its average volume of 207,023. Casella Waste Systems has a 1-year low of $15.20 and a 1-year high of $27.50. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of -12.75. The company has a market cap of $1.13 billion, a P/E ratio of 39.57 and a beta of 0.93.
Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Thursday, May 3rd. The industrial products company reported $0.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. Casella Waste Systems had a negative net margin of 4.16% and a negative return on equity of 53.97%. The firm had revenue of $147.50 million for the quarter, compared to the consensus estimate of $139.13 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. research analysts anticipate that Casella Waste Systems will post 0.71 EPS for the current fiscal year.
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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