Casella Waste Systems (NASDAQ:CWST)‘s stock had its “hold” rating reissued by equities researchers at Stifel Nicolaus in a research note issued to investors on Thursday, January 4th. They presently have a $22.00 target price on the industrial products company’s stock. Stifel Nicolaus’ price objective indicates a potential downside of 7.37% from the company’s current price.
CWST has been the topic of a number of other research reports. KeyCorp reaffirmed a “buy” rating on shares of Casella Waste Systems in a report on Friday, November 3rd. Zacks Investment Research cut shares of Casella Waste Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Finally, BidaskClub raised shares of Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 29th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Casella Waste Systems currently has an average rating of “Buy” and an average target price of $19.00.
Shares of Casella Waste Systems (NASDAQ CWST) opened at $23.75 on Thursday. Casella Waste Systems has a 12-month low of $11.15 and a 12-month high of $23.86. The company has a debt-to-equity ratio of -7.91, a current ratio of 0.98 and a quick ratio of 0.91. The stock has a market cap of $988.01, a P/E ratio of -18.27 and a beta of 0.72.
Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. Casella Waste Systems had a negative net margin of 9.09% and a negative return on equity of 56.99%. The company had revenue of $160.27 million for the quarter, compared to analyst estimates of $154.61 million. During the same quarter in the previous year, the firm posted $0.18 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. sell-side analysts expect that Casella Waste Systems will post 0.64 EPS for the current year.
In other Casella Waste Systems news, CEO John W. Casella sold 62,433 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $19.31, for a total value of $1,205,581.23. Following the completion of the transaction, the chief executive officer now directly owns 472,112 shares in the company, valued at approximately $9,116,482.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher Heald sold 1,500 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $20.25, for a total transaction of $30,375.00. Following the completion of the transaction, the vice president now owns 71,451 shares of the company’s stock, valued at $1,446,882.75. The disclosure for this sale can be found here. Insiders sold a total of 200,524 shares of company stock valued at $4,077,303 in the last ninety days. 11.47% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its stake in shares of Casella Waste Systems by 13.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,644,942 shares of the industrial products company’s stock worth $43,403,000 after acquiring an additional 322,600 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Casella Waste Systems by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,033,357 shares of the industrial products company’s stock worth $38,227,000 after acquiring an additional 16,972 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Casella Waste Systems by 7.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,667,852 shares of the industrial products company’s stock worth $27,369,000 after acquiring an additional 115,130 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of Casella Waste Systems by 51.3% in the 3rd quarter. Macquarie Group Ltd. now owns 1,550,003 shares of the industrial products company’s stock worth $29,140,000 after acquiring an additional 525,459 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Casella Waste Systems by 7.3% in the 2nd quarter. State Street Corp now owns 707,702 shares of the industrial products company’s stock worth $11,615,000 after acquiring an additional 47,955 shares in the last quarter. Institutional investors own 79.30% of the company’s stock.
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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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