Casella Waste Systems (NASDAQ:CWST) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Casella Waste Systems, Inc. is a regional, integrated solid waste services company that provides collection, transfer, disposal and recycling services, generates steam and manufactures finished products utilizing recyclable materials primarily throughout the eastern portion of the United States and parts of Canada. The Company also markets recyclable metals, aluminum, plastics, paper and corrugated cardboard all processed at its facilities and recyclables purchased from third parties. “

A number of other equities analysts have also recently issued reports on the company. Stifel Nicolaus reiterated a “hold” rating and issued a $22.00 price objective on shares of Casella Waste Systems in a report on Thursday, January 4th. BidaskClub upgraded Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, December 29th. Finally, KeyCorp reiterated a “buy” rating on shares of Casella Waste Systems in a report on Friday, November 3rd. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $19.00.

Casella Waste Systems (NASDAQ CWST) traded down $0.38 during trading on Tuesday, reaching $23.23. The company had a trading volume of 150,677 shares, compared to its average volume of 252,183. Casella Waste Systems has a twelve month low of $11.15 and a twelve month high of $23.78. The company has a debt-to-equity ratio of -7.91, a quick ratio of 0.91 and a current ratio of 0.98. The stock has a market capitalization of $988.87, a PE ratio of -17.87 and a beta of 0.72.

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

In other news, CEO John W. Casella sold 62,433 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $19.31, for a total value of $1,205,581.23. Following the completion of the transaction, the chief executive officer now directly owns 472,112 shares in the company, valued at approximately $9,116,482.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher Heald sold 1,500 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $20.25, for a total value of $30,375.00. Following the completion of the transaction, the vice president now owns 71,451 shares of the company’s stock, valued at $1,446,882.75. The disclosure for this sale can be found here. Insiders sold a total of 200,524 shares of company stock valued at $4,077,303 over the last quarter. Company insiders own 11.47% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. RMB Capital Management LLC lifted its stake in shares of Casella Waste Systems by 0.9% in the 2nd quarter. RMB Capital Management LLC now owns 3,271,597 shares of the industrial products company’s stock valued at $25,682,000 after acquiring an additional 29,597 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Casella Waste Systems by 13.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,644,942 shares of the industrial products company’s stock valued at $43,403,000 after acquiring an additional 322,600 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Casella Waste Systems by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,033,357 shares of the industrial products company’s stock valued at $38,227,000 after acquiring an additional 16,972 shares during the last quarter. Skylands Capital LLC lifted its stake in shares of Casella Waste Systems by 6.8% in the 3rd quarter. Skylands Capital LLC now owns 1,697,200 shares of the industrial products company’s stock valued at $17,481,000 after acquiring an additional 107,488 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Casella Waste Systems by 7.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,667,852 shares of the industrial products company’s stock valued at $27,369,000 after acquiring an additional 115,130 shares during the last quarter. Hedge funds and other 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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