Brokerages Set Casella Waste Systems, Inc. (NASDAQ:CWST) Price Target at $109.75

Shares of Casella Waste Systems, Inc. (NASDAQ:CWSTGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $112.8571.

Several research firms have weighed in on CWST. Barclays boosted their target price on shares of Casella Waste Systems from $102.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Zacks Research raised shares of Casella Waste Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 8th. Weiss Ratings raised shares of Casella Waste Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. UBS Group dropped their price objective 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. Finally, TD Cowen reissued a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 5th.

Check Out Our Latest Stock Report on CWST

Casella Waste Systems Stock Performance

Shares of CWST stock opened at $89.07 on Wednesday. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 989.78 and a beta of 0.74. Casella Waste Systems has a one year low of $74.05 and a one year high of $107.96. The company’s 50-day simple moving average is $91.96 and its 200-day simple moving average is $88.40. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.99 and a current ratio of 0.99.

Casella Waste Systems (NASDAQ:CWSTGet Free Report) last announced its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. The firm had revenue of $543.75 million for the quarter, compared to analysts’ expectations of $526.43 million. Casella Waste Systems had a return on equity of 5.32% and a net margin of 0.29%.Casella Waste Systems’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 earnings per share. Equities analysts anticipate that Casella Waste Systems will post 1.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Michael K. Burke sold 1,100 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $95.26, for a total value of $104,786.00. Following the sale, the director owned 13,641 shares of the company’s stock, valued at approximately $1,299,441.66. The trade was a 7.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas R. Casella sold 1,343 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $91.12, for a total transaction of $122,374.16. Following the transaction, the director owned 90,141 shares of the company’s stock, valued at approximately $8,213,647.92. This trade represents a 1.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,700 shares of company stock worth $1,709,494 over the last quarter. Insiders own 3.78% of the company’s stock.

Institutional Investors Weigh In On Casella Waste Systems

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Riverbridge Partners LLC purchased a new stake in shares of Casella Waste Systems during the 1st quarter worth about $13,742,000. Legal & General Group Plc increased its stake in shares of Casella Waste Systems by 134.4% during the 4th quarter. Legal & General Group Plc now owns 157,552 shares of the industrial products company’s stock worth $15,431,000 after purchasing an additional 90,340 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Casella Waste Systems by 17.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 124,356 shares of the industrial products company’s stock worth $12,179,000 after purchasing an additional 18,671 shares in the last quarter. Norges Bank acquired a new position in Casella Waste Systems during the fourth quarter worth $39,343,000. Finally, Capital Research Global Investors boosted its stake in shares of Casella Waste Systems by 23.7% during the 4th quarter. Capital Research Global Investors now owns 2,488,034 shares of the industrial products company’s stock worth $243,678,000 after acquiring an additional 477,216 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Company Profile

(Get Free Report)

Casella Waste Systems, Inc is a regional solid waste services company headquartered in Rutland, Vermont. Founded in 1975, the company provides waste collection, transfer, disposal, recycling and resource-recovery services to residential, commercial, industrial and municipal customers.

Casella’s services include curbside and commercial waste collection, construction and demolition debris management, transfer station operations, recycling of paper, cardboard, plastics and other materials, and organics recycling.

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Analyst Recommendations for Casella Waste Systems (NASDAQ:CWST)

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