Stifel Nicolaus reiterated their buy rating on shares of Casella Waste Systems, Inc. (NASDAQ:CWST) in a research report sent to investors on Wednesday morning. Stifel Nicolaus currently has a $16.00 price objective on the industrial products company’s stock.
Several other equities analysts have also recently weighed in on CWST. BidaskClub raised Casella Waste Systems from a hold rating to a buy rating in a research report on Thursday, July 13th. Zacks Investment Research cut Casella Waste Systems from a strong-buy rating to a hold rating in a research report on Tuesday, July 11th. Barclays PLC began coverage on Casella Waste Systems in a research report on Friday, June 23rd. They set an overweight rating and a $19.00 price objective for the company. Finally, KeyCorp boosted their price objective on Casella Waste Systems from $14.00 to $17.00 and gave the stock an overweight rating in a research report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $15.86.
Shares of Casella Waste Systems (CWST) traded up 0.30% during midday trading on Wednesday, hitting $16.71. The company had a trading volume of 163,491 shares. The company’s 50 day moving average is $16.11 and its 200 day moving average is $13.90. The firm has a market cap of $699.81 million, a price-to-earnings ratio of 1285.38 and a beta of 0.56. Casella Waste Systems has a one year low of $8.63 and a one year high of $17.73.
Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Thursday, May 4th. The industrial products company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.10. Casella Waste Systems had a negative return on equity of 73.05% and a net margin of 0.09%. The business had revenue of $133.80 million during the quarter, compared to analysts’ expectations of $128.33 million. During the same quarter in the previous year, the firm earned ($0.19) EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. Equities analysts forecast that Casella Waste Systems will post $0.59 earnings per share for the current fiscal year.
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In other Casella Waste Systems news, COO Edwin D. Johnson sold 3,591 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $16.82, for a total value of $60,400.62. Following the completion of the transaction, the chief operating officer now owns 269,500 shares of the company’s stock, valued at approximately $4,532,990. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman Douglas R. Casella sold 2,166 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $16.82, for a total value of $36,432.12. Following the completion of the transaction, the insider now directly owns 739,613 shares of the company’s stock, valued at approximately $12,440,290.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,102 shares of company stock valued at $268,106. Insiders own 11.50% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Simplex Trading LLC boosted its position in Casella Waste Systems by 596.4% in the second quarter. Simplex Trading LLC now owns 9,931 shares of the industrial products company’s stock valued at $162,000 after buying an additional 8,505 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in Casella Waste Systems during the first quarter valued at approximately $144,000. Teza Capital Management LLC purchased a new position in Casella Waste Systems during the first quarter valued at approximately $157,000. Karp Capital Management Corp purchased a new position in Casella Waste Systems during the first quarter valued at approximately $163,000. Finally, Alliancebernstein L.P. purchased a new position in Casella Waste Systems during the first quarter valued at approximately $164,000. 75.71% of the stock is owned by hedge funds and other institutional investors.
Casella Waste Systems Company Profile
Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. It manages its solid waste operations on a geographic basis through two regional operating segments: Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations through its Recycling segment.
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