BidaskClub upgraded shares of Casella Waste Systems (NASDAQ:CWST) from a sell rating to a hold rating in a research note issued to investors on Wednesday.
Several other research analysts have also weighed in on the stock. Stifel Nicolaus lowered shares of Casella Waste Systems from a buy rating to a hold rating and set a $30.00 target price on the stock. in a research report on Monday, August 6th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Casella Waste Systems from a hold rating to a sell rating in a research report on Thursday, July 19th. One investment 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 has a consensus rating of Hold and an average price target of $28.00.
Shares of CWST opened at $29.06 on Wednesday. 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 has a twelve month low of $16.64 and a twelve month high of $29.75. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 45.05 and a beta of 1.03.
Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Thursday, August 2nd. The industrial products company reported $0.22 earnings per share for the quarter, missing the 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 company 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 posted $0.25 earnings per share. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. equities analysts anticipate that Casella Waste Systems will post 0.67 EPS for the current year.
In other news, Director William P. Hulligan sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $28.85, for a total value of $288,500.00. Following the sale, the director now directly owns 69,484 shares in the company, valued at $2,004,613.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael K. Burke sold 20,236 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 $496,996.16. Following the completion of the sale, the director now owns 67,502 shares in the company, valued at $1,657,849.12. The disclosure for this sale can be found here. Insiders sold 58,081 shares of company stock worth $1,547,420 over the last quarter. Company insiders own 11.47% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in CWST. Wells Fargo & Company MN grew its position in shares of Casella Waste Systems by 237.1% in the first quarter. Wells Fargo & Company MN now owns 829,885 shares of the industrial products company’s stock valued at $19,403,000 after purchasing an additional 583,679 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Casella Waste Systems in the first quarter valued at approximately $142,000. State Board of Administration of Florida Retirement System grew its position in shares of Casella Waste Systems by 35.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 23,609 shares of the industrial products company’s stock valued at $552,000 after purchasing an additional 6,188 shares during the last quarter. Swiss National Bank grew its position in shares of Casella Waste Systems by 3.3% in the first quarter. Swiss National Bank now owns 68,000 shares of the industrial products company’s stock valued at $1,590,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Casella Waste Systems in the first quarter valued at approximately $309,000. Institutional investors and hedge funds own 84.60% of the company’s stock.
About Casella Waste Systems
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.
Featured Article: Hedge Funds Explained
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.