Casella Waste Systems, Inc. (NASDAQ:CWST) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

A number of other equities research analysts have also recently issued reports on CWST. Zacks Investment Research cut shares of Casella Waste Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Casella Waste Systems in a research note on Wednesday. Barclays PLC assumed coverage on shares of Casella Waste Systems in a research note on Friday, June 23rd. They issued an “overweight” rating and a $19.00 price objective for the company. Finally, KeyCorp upped their price objective on shares of Casella Waste Systems from $14.00 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, May 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Casella Waste Systems presently has an average rating of “Hold” and a consensus target price of $15.86.

Casella Waste Systems (CWST) traded down 0.90% during trading on Wednesday, hitting $16.51. 143,730 shares of the stock traded hands. The stock has a market cap of $691.44 million, a PE ratio of 1270.00 and a beta of 0.56. The company has a 50-day moving average price of $16.19 and a 200-day moving average price of $13.92. Casella Waste Systems has a 12 month low of $8.63 and a 12 month high of $17.73.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Thursday, May 4th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.10. Casella Waste Systems had a net margin of 0.09% and a negative return on equity of 73.05%. The company had revenue of $133.80 million during the quarter, compared to analysts’ expectations of $128.33 million. During the same quarter in the prior year, the company earned ($0.19) EPS. The firm’s revenue was up 6.7% on a year-over-year basis. Equities research analysts expect that Casella Waste Systems will post $0.59 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This piece was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/07/23/bidaskclub-lowers-casella-waste-systems-inc-cwst-to-hold.html.

In related news, CEO John W. Casella sold 7,817 shares of the company’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $16.82, for a total transaction of $131,481.94. Following the completion of the sale, the chief executive officer now directly owns 507,912 shares in the company, valued at approximately $8,543,079.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Edwin D. Johnson sold 3,591 shares of the company’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $16.82, for a total transaction of $60,400.62. Following the sale, the chief operating officer now owns 269,500 shares of the company’s stock, valued at $4,532,990. The disclosure for this sale can be found here. Insiders have sold a total of 16,102 shares of company stock valued at $268,106 over the last quarter. 11.50% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its stake in Casella Waste Systems by 36.6% in the first quarter. Renaissance Technologies LLC now owns 2,322,342 shares of the industrial products company’s stock worth $32,768,000 after buying an additional 622,381 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Casella Waste Systems by 6.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,908,035 shares of the industrial products company’s stock worth $26,922,000 after buying an additional 118,141 shares in the last quarter. Vanguard Group Inc. raised its stake in Casella Waste Systems by 8.1% in the first quarter. Vanguard Group Inc. now owns 1,552,722 shares of the industrial products company’s stock worth $21,910,000 after buying an additional 116,870 shares in the last quarter. Walthausen & Co. LLC raised its stake in Casella Waste Systems by 8.2% in the first quarter. Walthausen & Co. LLC now owns 983,490 shares of the industrial products company’s stock worth $13,877,000 after buying an additional 74,330 shares in the last quarter. Finally, Rutabaga Capital Management LLC MA raised its stake in Casella Waste Systems by 1.9% in the first quarter. Rutabaga Capital Management LLC MA now owns 834,898 shares of the industrial products company’s stock worth $11,780,000 after buying an additional 15,750 shares in the last quarter. Institutional investors own 75.71% of the company’s stock.

About Casella Waste Systems

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.

Analyst Recommendations for Casella Waste Systems (NASDAQ:CWST)

Receive News & Ratings for Casella Waste Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casella Waste Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.