Casella Waste Systems Inc. (NASDAQ:CWST) shares reached a new 52-week high on Thursday . The stock traded as high as $30.50 and last traded at $30.37, with a volume of 8086 shares changing hands. The stock had previously closed at $29.18.
Several research analysts have weighed in on the stock. BidaskClub raised shares of Casella Waste Systems from a “sell” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus cut shares of Casella Waste Systems from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a report on Monday, August 6th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Casella Waste Systems from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.00.
The stock has a market capitalization of $1.21 billion, a PE ratio of 44.77 and a beta of 1.03. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of -14.47.
Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, August 2nd. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). Casella Waste Systems had a negative return on equity of 63.60% and a net margin of 4.79%. The business had revenue of $165.65 million for the quarter, compared to analyst estimates of $158.95 million. During the same quarter in the previous year, the company earned $0.25 EPS. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. equities research analysts forecast that Casella Waste Systems Inc. will post 0.67 earnings per share for the current year.
In other Casella Waste Systems news, VP Christopher Heald sold 4,000 shares of the 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 $98,240.00. Following the transaction, the vice president now owns 89,484 shares in the company, valued at approximately $2,197,727.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William P. Hulligan sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $28.85, for a total transaction of $288,500.00. Following the transaction, the director now owns 69,484 shares in the company, valued at approximately $2,004,613.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,081 shares of company stock worth $1,547,420. Company insiders own 11.47% of the company’s stock.
Several large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in shares of Casella Waste Systems by 259.5% during the 1st quarter. JPMorgan Chase & Co. now owns 69,920 shares of the industrial products company’s stock worth $1,635,000 after acquiring an additional 50,472 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Casella Waste Systems during the 2nd quarter worth approximately $3,404,000. Eagle Boston Investment Management Inc. boosted its position in shares of Casella Waste Systems by 2.5% during the 1st quarter. Eagle Boston Investment Management Inc. now owns 677,078 shares of the industrial products company’s stock worth $15,830,000 after acquiring an additional 16,479 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Casella Waste Systems during the 1st quarter worth approximately $948,000. Finally, Wells Fargo & Company MN boosted its position in shares of Casella Waste Systems by 63.3% during the 2nd quarter. Wells Fargo & Company MN now owns 1,355,205 shares of the industrial products company’s stock worth $34,708,000 after acquiring an additional 525,320 shares in the last quarter. Hedge funds and other institutional investors own 84.60% of the company’s stock.
Casella Waste Systems Company Profile (NASDAQ:CWST)
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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