Casella Waste Systems (NASDAQ:CWST)‘s stock had its “hold” rating reaffirmed by Stifel Nicolaus in a note issued to investors on Thursday. They presently have a $22.00 price objective on the industrial products company’s stock. Stifel Nicolaus’ price objective points to a potential downside of 1.70% from the company’s previous close.

CWST has been the subject of a number of other reports. KeyCorp reaffirmed a “buy” rating on shares of Casella Waste Systems in a research note on Friday, November 3rd. Zacks Investment Research lowered 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 investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $19.00.

Casella Waste Systems (CWST) traded down $0.78 on Thursday, hitting $22.38. 296,000 shares of the company were exchanged, compared to its average volume of 374,400. The company has a debt-to-equity ratio of -7.91, a quick ratio of 0.91 and a current ratio of 0.98. Casella Waste Systems has a 1-year low of $11.15 and a 1-year high of $23.29. The company has a market cap of $973.72, a PE ratio of -17.22 and a beta of 0.72.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Wednesday, November 1st. The industrial products company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.04. The firm had revenue of $160.27 million during the quarter, compared to analyst estimates of $154.61 million. Casella Waste Systems had a negative net margin of 9.09% and a negative return on equity of 56.99%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.18 EPS. research analysts predict that Casella Waste Systems will post 0.64 earnings per share for the current year.

In other news, VP Christopher Heald sold 1,500 shares of the stock in a transaction dated Wednesday, November 29th. The shares were 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 directly owns 71,451 shares in the company, valued at approximately $1,446,882.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO John W. Casella sold 62,433 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $19.31, for a total transaction of $1,205,581.23. Following the transaction, the chief executive officer now owns 472,112 shares of the company’s stock, valued at $9,116,482.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 200,524 shares of company stock valued at $4,077,303. Company insiders own 11.47% of the company’s stock.

Several institutional investors have recently bought and sold shares of CWST. Schwab Charles Investment Management Inc. boosted its stake in shares of Casella Waste Systems by 18.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 84,100 shares of the industrial products company’s stock worth $1,381,000 after buying an additional 13,000 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Casella Waste Systems by 206.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,309 shares of the industrial products company’s stock worth $120,000 after buying an additional 4,922 shares during the last quarter. American Century Companies Inc. acquired a new position in shares of Casella Waste Systems during the 2nd quarter worth about $1,213,000. Principal Financial Group Inc. acquired a new position in shares of Casella Waste Systems during the 2nd quarter worth about $5,120,000. Finally, Swiss National Bank boosted its stake in shares of Casella Waste Systems by 9.8% during the 2nd quarter. Swiss National Bank now owns 65,800 shares of the industrial products company’s stock worth $1,080,000 after buying an additional 5,900 shares during 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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