Analysts Set Casella Waste Systems, Inc. (NASDAQ:CWST) Price Target at $111.00

Shares of Casella Waste Systems, Inc. (NASDAQ:CWST) have earned a consensus rating of “Moderate Buy” from the twelve brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $111.00.

A number of brokerages have recently commented on CWST. Zacks Research raised Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. JPMorgan Chase & Co. dropped their price target on Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Weiss Ratings cut Casella Waste Systems from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, February 23rd. Raymond James Financial reaffirmed a “strong-buy” rating and set a $115.00 price target on shares of Casella Waste Systems in a research report on Monday, February 23rd. Finally, UBS Group dropped their price target on Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th.

Insider Buying and Selling

In related news, CFO Bradford John Helgeson sold 405 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $87.73, for a total transaction of $35,530.65. Following the sale, the chief financial officer directly owned 7,342 shares in the company, valued at approximately $644,113.66. The trade was a 5.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Kevin Drohan sold 675 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $92.61, for a total value of $62,511.75. Following the sale, the chief accounting officer owned 7,462 shares in the company, valued at approximately $691,055.82. The trade was a 8.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 15,830 shares of company stock valued at $1,454,208. 3.81% of the stock is owned by company insiders.

Institutional Trading of Casella Waste Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in CWST. AQR Capital Management LLC raised its stake in shares of Casella Waste Systems by 57.7% during the 1st quarter. AQR Capital Management LLC now owns 9,283 shares of the industrial products company’s stock valued at $1,035,000 after purchasing an additional 3,395 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Casella Waste Systems by 1,601.9% during the 1st quarter. Jones Financial Companies Lllp now owns 5,412 shares of the industrial products company’s stock valued at $603,000 after purchasing an additional 5,094 shares during the period. Jane Street Group LLC raised its stake in shares of Casella Waste Systems by 3,226.1% during the 1st quarter. Jane Street Group LLC now owns 69,849 shares of the industrial products company’s stock valued at $7,789,000 after purchasing an additional 67,749 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Casella Waste Systems by 301.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 184 shares during the period. Finally, Quantbot Technologies LP bought a new stake in shares of Casella Waste Systems during the 2nd quarter valued at $63,000. 99.51% of the stock is currently owned by institutional investors.

Casella Waste Systems Stock Down 2.0%

Shares of NASDAQ CWST opened at $77.96 on Friday. Casella Waste Systems has a one year low of $74.05 and a one year high of $121.24. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. The business’s fifty day moving average price is $88.47 and its 200-day moving average price is $93.50. The stock has a market capitalization of $4.95 billion, a PE ratio of 649.72 and a beta of 0.84.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Thursday, February 19th. The industrial products company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.08. Casella Waste Systems had a return on equity of 5.17% and a net margin of 0.43%.The firm had revenue of $469.06 million for the quarter, compared to analysts’ expectations of $471.32 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities research analysts anticipate that Casella Waste Systems will post 1.34 EPS for the current year.

About Casella Waste Systems

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.