Casella Waste Systems, Inc. (NASDAQ:CWST) Receives $111.13 Average PT from Analysts

Casella Waste Systems, Inc. (NASDAQ:CWST) has earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, eight have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $111.1250.

A number of equities analysts have recently issued reports on the company. Barclays raised Casella Waste Systems from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $101.00 to $102.00 in a research report on Monday, May 4th. UBS Group dropped their price target on Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, March 10th. Weiss Ratings downgraded Casella Waste Systems from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, February 23rd. JPMorgan Chase & Co. dropped their price target on Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Finally, Raymond James Financial restated a “strong-buy” rating and set a $115.00 price objective on shares of Casella Waste Systems in a research note on Monday, February 23rd.

Insider Buying and Selling

In related news, CAO Kevin Drohan sold 675 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $92.61, for a total transaction of $62,511.75. Following the completion of the sale, the chief accounting officer directly owned 7,462 shares in the company, valued at $691,055.82. This represents a 8.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Bradford John Helgeson sold 405 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $87.73, for a total value of $35,530.65. Following the completion of the sale, the chief financial officer owned 7,342 shares of the company’s stock, valued at approximately $644,113.66. This trade represents a 5.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 15,830 shares of company stock valued at $1,454,208. Company insiders own 3.78% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of Casella Waste Systems by 41.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 337 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 98 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Casella Waste Systems by 3.9% in the third quarter. Mackenzie Financial Corp now owns 3,975 shares of the industrial products company’s stock valued at $377,000 after purchasing an additional 149 shares during the period. First Horizon Corp grew its holdings in Casella Waste Systems by 48.6% in the fourth quarter. First Horizon Corp now owns 489 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 160 shares during the period. Geneos Wealth Management Inc. grew its holdings in Casella Waste Systems by 301.6% in the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 184 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in Casella Waste Systems by 180.2% in the third quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 191 shares during the period. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Casella Waste Systems Price Performance

CWST opened at $88.10 on Thursday. Casella Waste Systems has a 12-month low of $74.05 and a 12-month high of $118.91. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.72. The business’s fifty day simple moving average is $83.61 and its 200-day simple moving average is $92.78. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 800.98 and a beta of 0.77.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. Casella Waste Systems had a return on equity of 5.19% and a net margin of 0.38%.The business had revenue of $457.33 million for the quarter, compared to the consensus estimate of $454.49 million. During the same quarter in the prior year, the company earned $0.19 EPS. The business’s revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts anticipate that Casella Waste Systems will post 1.12 earnings per share for the current fiscal year.

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.