CWST has been the subject of a number of other reports. Zacks Investment Research boosted their price target on Casella Waste Systems to $55.00 in a research note on Thursday, February 27th. TheStreet upgraded Casella Waste Systems from a “c+” rating to a “b-” rating in a research note on Friday, February 21st. Stifel Nicolaus downgraded Casella Waste Systems from a “buy” rating to a “hold” rating and cut their price target for the company from $60.00 to $45.00 in a research note on Monday. Finally, Raymond James boosted their price target on Casella Waste Systems from $57.00 to $62.00 and gave the company a “strong-buy” rating in a research note on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $50.60.
Casella Waste Systems stock opened at $43.81 on Friday. The business has a 50-day simple moving average of $48.72 and a two-hundred day simple moving average of $46.07. The company has a market cap of $1.89 billion, a P/E ratio of 66.38 and a beta of 0.71. Casella Waste Systems has a 52-week low of $32.07 and a 52-week high of $56.14. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 4.72.
Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.21. The business had revenue of $193.62 million during the quarter, compared to the consensus estimate of $193.34 million. Casella Waste Systems had a return on equity of 39.38% and a net margin of 4.26%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 EPS. Research analysts anticipate that Casella Waste Systems will post 0.87 EPS for the current fiscal year.
In related news, CAO Christopher Heald sold 2,670 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $49.19, for a total transaction of $131,337.30. Following the completion of the transaction, the chief accounting officer now directly owns 80,513 shares in the company, valued at approximately $3,960,434.47. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael K. Burke sold 11,200 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $52.82, for a total value of $591,584.00. Following the transaction, the director now owns 25,010 shares of the company’s stock, valued at $1,321,028.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 255,122 shares of company stock valued at $12,800,572. 9.65% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Evoke Wealth LLC bought a new position in shares of Casella Waste Systems during the 3rd quarter valued at approximately $33,000. Americana Partners LLC purchased a new position in Casella Waste Systems in the 4th quarter worth approximately $52,000. First Bank & Trust lifted its holdings in Casella Waste Systems by 407.1% in the 4th quarter. First Bank & Trust now owns 1,562 shares of the industrial products company’s stock worth $72,000 after purchasing an additional 1,254 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Casella Waste Systems in the 3rd quarter worth approximately $92,000. Finally, Great West Life Assurance Co. Can purchased a new position in Casella Waste Systems in the 4th quarter worth approximately $135,000. Institutional investors own 92.61% of the company’s stock.
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, Western, 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.
See Also: What is the CAC 40 Index
Receive News & Ratings for Casella Waste Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casella Waste Systems and related companies with MarketBeat.com's FREE daily email newsletter.