Casella Waste Systems Inc. (NASDAQ:CWST) has been assigned an average recommendation of “Buy” from the nine research firms that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $45.75.
A number of analysts recently commented on CWST shares. ValuEngine cut Casella Waste Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Jefferies Financial Group began coverage on Casella Waste Systems in a research note on Wednesday, November 27th. They set a “buy” rating and a $52.00 price target for the company. Zacks Investment Research lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a research report on Tuesday. TheStreet cut shares of Casella Waste Systems from a “b-” rating to a “c” rating in a research note on Friday, November 1st. Finally, BidaskClub raised shares of Casella Waste Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 21st.
In other news, Director James F. Callahan, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $42.01, for a total transaction of $420,100.00. Following the completion of the transaction, the director now owns 48,283 shares in the company, valued at $2,028,368.83. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Emily Nagle Green sold 2,500 shares of Casella Waste Systems stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $46.11, for a total value of $115,275.00. Following the completion of the sale, the director now directly owns 30,988 shares in the company, valued at $1,428,856.68. The disclosure for this sale can be found here. Insiders own 9.65% of the company’s stock.
Several large investors have recently bought and sold shares of CWST. FMR LLC grew its holdings in Casella Waste Systems by 78.5% during the 1st quarter. FMR LLC now owns 12,309 shares of the industrial products company’s stock valued at $438,000 after buying an additional 5,415 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Casella Waste Systems by 1.1% during the 1st quarter. First Trust Advisors LP now owns 125,600 shares of the industrial products company’s stock valued at $4,466,000 after acquiring an additional 1,365 shares during the last quarter. NEXT Financial Group Inc bought a new position in shares of Casella Waste Systems during the 2nd quarter valued at approximately $201,000. SeaCrest Wealth Management LLC grew its holdings in shares of Casella Waste Systems by 10.0% in the second quarter. SeaCrest Wealth Management LLC now owns 8,800 shares of the industrial products company’s stock valued at $349,000 after purchasing an additional 800 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Casella Waste Systems in the second quarter valued at $222,000. Institutional investors own 92.33% of the company’s stock.
NASDAQ:CWST traded up $0.35 during trading hours on Friday, reaching $46.55. The company had a trading volume of 224,422 shares, compared to its average volume of 287,344. The company has a current ratio of 0.90, a quick ratio of 0.84 and a debt-to-equity ratio of 5.38. Casella Waste Systems has a 52 week low of $24.61 and a 52 week high of $47.72. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 76.38 and a beta of 0.80. The firm’s 50 day moving average price is $43.19 and its 200-day moving average price is $42.42.
Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, October 31st. The industrial products company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. The business had revenue of $198.55 million during the quarter, compared to analyst estimates of $192.60 million. Casella Waste Systems had a net margin of 1.23% and a return on equity of 50.45%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. On average, analysts forecast that Casella Waste Systems will post 0.85 earnings per share 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, Western, 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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