Casella Waste Systems, Inc. (NASDAQ:CWST – Get Free Report) has earned an average rating of “Moderate Buy” from the twelve analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $110.1250.
CWST has been the topic of several recent analyst reports. Barclays upgraded shares of Casella Waste Systems from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $101.00 to $102.00 in a research note on Monday, May 4th. Zacks Research upgraded shares of Casella Waste Systems from a “strong sell” rating to a “hold” rating in a research report on Wednesday. TD Cowen restated a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Casella Waste Systems in a research report on Friday, May 22nd. Finally, UBS Group cut their price target on shares of Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating on the stock in a research note on Friday, June 26th.
View Our Latest Report on Casella Waste Systems
Casella Waste Systems Stock Down 3.5%
Casella Waste Systems (NASDAQ:CWST – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.10 by $0.10. The company had revenue of $457.33 million during the quarter, compared to analysts’ expectations of $454.49 million. Casella Waste Systems had a net margin of 0.38% and a return on equity of 5.19%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.19 EPS. As a group, research analysts forecast that Casella Waste Systems will post 1.12 EPS for the current fiscal year.
Insider Buying and Selling at Casella Waste Systems
In other Casella Waste Systems news, Director Michael K. Burke sold 2,305 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $87.56, for a total transaction of $201,825.80. Following the transaction, the director owned 14,048 shares of the company’s stock, valued at approximately $1,230,042.88. This trade represents a 14.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Edmond Coletta sold 12,500 shares of Casella Waste Systems stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $89.56, for a total value of $1,119,500.00. Following the sale, the chief executive officer owned 140,118 shares in the company, valued at $12,548,968.08. This trade represents a 8.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.78% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in CWST. First Bank & Trust purchased a new stake in Casella Waste Systems in the second quarter valued at approximately $202,000. Revolve Wealth Partners LLC purchased a new position in shares of Casella Waste Systems during the second quarter worth approximately $210,000. Gradient Investments LLC increased its holdings in shares of Casella Waste Systems by 3.6% in the 2nd quarter. Gradient Investments LLC now owns 26,652 shares of the industrial products company’s stock valued at $2,584,000 after acquiring an additional 932 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in shares of Casella Waste Systems by 8.1% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 11,970 shares of the industrial products company’s stock valued at $1,161,000 after acquiring an additional 900 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Casella Waste Systems by 387.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 17,856 shares of the industrial products company’s stock valued at $1,731,000 after purchasing an additional 14,190 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Casella Waste Systems
- PriceSmart Stock Eyes $220 as Chile Expansion Fuels Growth
- Dollar Tree’s Turnaround Is Starting to Take Root
- Why Levi’s Digital Strategy Is Paying Off in a Big Way
- Constellation Brands: Beer Growth and Buybacks Mask Stock’s Slump
Receive News & Ratings for Casella Waste Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casella Waste Systems and related companies with MarketBeat.com's FREE daily email newsletter.
