Casella Waste Systems (NASDAQ:CWST – Get Free Report) had its price objective lifted by equities researchers at Barclays from $104.00 to $109.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. Barclays‘s price objective indicates a potential upside of 15.54% from the stock’s current price.
CWST has been the subject of a number of other reports. JPMorgan Chase & Co. upped their price objective on shares of Casella Waste Systems from $91.00 to $99.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 21st. Raymond James Financial restated a “strong-buy” rating and issued a $106.00 target price on shares of Casella Waste Systems in a research report on Friday, October 9th. UBS Group cut shares of Casella Waste Systems from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $122.00 to $95.00 in a research note on Wednesday, October 21st. Finally, Weiss Ratings cut shares of Casella Waste Systems from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $105.80.
Check Out Our Latest Report on Casella Waste Systems
Casella Waste Systems Price Performance
Casella Waste Systems stock traded up $1.34 during midday trading on Wednesday, reaching $94.34. The company’s stock had a trading volume of 103,575 shares, compared to its average volume of 706,074. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.84. The stock has a market cap of $6.00 billion, a PE ratio of -521.42 and a beta of 0.71. Casella Waste Systems has a 52 week low of $74.05 and a 52 week high of $107.96. The business has a 50-day moving average price of $89.36 and a 200-day moving average price of $90.00.
Casella Waste Systems (NASDAQ:CWST – Get Free Report) last posted its earnings results on Monday, November 9th. The industrial products company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.07). Casella Waste Systems had a positive return on equity of 5.04% and a negative net margin of 0.56%. The company had revenue of $559.23 million during the quarter, compared to the consensus estimate of $563.17 million. During the same period last year, the company posted $0.42 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. On average, sell-side analysts predict that Casella Waste Systems will post 1.22 EPS for the current year.
Insider Activity
In other news, Director Douglas R. Casella sold 15,157 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $91.05, for a total transaction of $1,380,044.85. Following the sale, the director directly owned 91,484 shares in the company, valued at approximately $8,329,618.20. The trade was a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael K. Burke sold 1,100 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $95.26, for a total value of $104,786.00. Following the completion of the transaction, the director directly owned 13,641 shares of the company’s stock, valued at $1,299,441.66. This represents a 7.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 18,895 shares of company stock valued at $1,728,744 over the last quarter. Corporate insiders own 3.78% of the company’s stock.
Institutional Investors Weigh In On Casella Waste Systems
Several hedge funds have recently added to or reduced their stakes in CWST. Comprehensive Financial Planning Inc. PA bought a new stake in Casella Waste Systems during the 2nd quarter worth approximately $29,000. Public Employees Retirement System of Ohio acquired a new position in shares of Casella Waste Systems during the second quarter worth $36,000. Versant Capital Management Inc lifted its holdings in shares of Casella Waste Systems by 54.8% during the third quarter. Versant Capital Management Inc now owns 449 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 159 shares during the period. Harbor Investment Advisory LLC bought a new stake in shares of Casella Waste Systems in the second quarter worth $50,000. Finally, Pinnacle Wealth Planning Services Inc. grew its stake in shares of Casella Waste Systems by 89.3% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,475 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 696 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.
Top Casella Waste Systems Stories
Here are a few of the latest stories about CWST:
- Positive Sentiment: Third-quarter revenue grew 15.2% year over year to $559.2 million, reflecting continued business growth. Third-Quarter Results
- Neutral Sentiment: Casella’s FY 2026 revenue guidance is approximately $2.1 billion, in line with analyst expectations. FY 2026 Guidance Update
- Negative Sentiment: Q3 adjusted earnings were $0.35 per share, below the $0.42 consensus and down from $0.42 a year earlier. Revenue of $559.2 million also fell short of the $563.2 million estimate. The earnings and sales misses are the main negative catalysts for CWST shares. Q3 Earnings and Revenue Miss
About Casella Waste Systems
Casella Waste Systems is a regional solid waste services company that provides collection, transfer, disposal, recycling and resource management services. Its customers include residential, commercial, municipal and industrial clients. The company operates primarily in the northeastern United States, with services across states including Vermont, New Hampshire, New York, Maine, Massachusetts, Connecticut and Pennsylvania. Its operations also include recycling and organics services designed to recover materials and manage waste.
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