Casella Waste Systems (CWST) Upgraded at BidaskClub

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BidaskClub upgraded shares of Casella Waste Systems (NASDAQ:CWST) from a buy rating to a strong-buy rating in a research note published on Thursday.

Other analysts also recently issued research reports about the stock. ValuEngine raised shares of Casella Waste Systems from a hold rating to a buy rating in a research report on Monday, April 2nd. TheStreet raised shares of Casella Waste Systems from a d rating to a c rating in a research report on Thursday, March 1st. Zacks Investment Research raised shares of Casella Waste Systems from a sell rating to a hold rating in a research report on Tuesday, June 12th. Finally, UBS Group started coverage on shares of Casella Waste Systems in a research report on Wednesday, March 14th. They issued a neutral rating and a $25.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $27.33.

Shares of NASDAQ:CWST opened at $25.61 on Thursday. The company has a debt-to-equity ratio of -12.75, a current ratio of 1.00 and a quick ratio of 0.93. Casella Waste Systems has a 52-week low of $15.20 and a 52-week high of $27.50. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 38.80 and a beta of 0.93.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Thursday, May 3rd. The industrial products company reported $0.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. Casella Waste Systems had a negative net margin of 4.16% and a negative return on equity of 53.97%. The company had revenue of $147.50 million during the quarter, compared to the consensus estimate of $139.13 million. During the same quarter last year, the company earned ($0.01) earnings per share. Casella Waste Systems’s revenue for the quarter was up 10.2% on a year-over-year basis. analysts anticipate that Casella Waste Systems will post 0.71 EPS for the current fiscal year.

In other news, Director Michael K. Burke sold 20,236 shares of the firm’s stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $24.56, for a total transaction of $496,996.16. Following the completion of the sale, the director now owns 67,502 shares of the company’s stock, valued at $1,657,849.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Edmond Coletta sold 33,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $23.79, for a total transaction of $785,070.00. Following the sale, the chief financial officer now directly owns 117,255 shares of the company’s stock, valued at approximately $2,789,496.45. The disclosure for this sale can be found here. Insiders have sold 73,354 shares of company stock valued at $1,761,331 in the last three months. Corporate insiders own 11.47% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG grew its position in shares of Casella Waste Systems by 29.2% during the fourth quarter. Deutsche Bank AG now owns 160,135 shares of the industrial products company’s stock worth $3,684,000 after buying an additional 36,235 shares in the last quarter. Two Sigma Investments LP grew its position in shares of Casella Waste Systems by 23.6% during the fourth quarter. Two Sigma Investments LP now owns 299,815 shares of the industrial products company’s stock worth $6,902,000 after buying an additional 57,338 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Casella Waste Systems by 8.6% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 70,600 shares of the industrial products company’s stock worth $1,625,000 after purchasing an additional 5,600 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Casella Waste Systems by 19.2% during the fourth quarter. Wells Fargo & Company MN now owns 246,206 shares of the industrial products company’s stock worth $5,667,000 after purchasing an additional 39,663 shares during the last quarter. Finally, Driehaus Capital Management LLC lifted its stake in Casella Waste Systems by 2.5% during the fourth quarter. Driehaus Capital Management LLC now owns 305,153 shares of the industrial products company’s stock worth $7,025,000 after purchasing an additional 7,424 shares during the last quarter. 83.10% of the stock is owned by institutional investors and hedge funds.

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 Region, Western Region, 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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