Casella Waste Systems (CWST) Upgraded at Zacks Investment Research

Casella Waste Systems (NASDAQ:CWST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage currently has a $28.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 10.24% from the stock’s previous close.

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. “

Several other research firms have also weighed in on CWST. Stifel Nicolaus reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Casella Waste Systems in a research note on Thursday, January 4th. BidaskClub raised Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 29th. Finally, KeyCorp reaffirmed a “buy” rating on shares of Casella Waste Systems in a research note on Friday, November 3rd. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Casella Waste Systems has an average rating of “Buy” and a consensus target price of $21.00.

Casella Waste Systems (NASDAQ:CWST) traded up $0.45 during trading hours on Wednesday, reaching $25.40. The company had a trading volume of 242,080 shares, compared to its average volume of 205,315. The firm has a market capitalization of $1,025.85, a price-to-earnings ratio of -19.54 and a beta of 0.79. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of -7.91. Casella Waste Systems has a fifty-two week low of $11.16 and a fifty-two week high of $27.38.

In other Casella Waste Systems news, COO Edwin D. Johnson sold 99,091 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $21.01, for a total value of $2,081,901.91. Following the completion of the transaction, the chief operating officer now directly owns 469,500 shares in the company, valued at $9,864,195. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edmond Coletta sold 13,000 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $19.60, for a total value of $254,800.00. The disclosure for this sale can be found here. Insiders sold 128,591 shares of company stock valued at $2,682,077 over the last quarter. Corporate insiders own 11.47% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Ramsey Quantitative Systems bought a new position in Casella Waste Systems in the fourth quarter valued at about $123,000. SeaCrest Wealth Management LLC bought a new position in Casella Waste Systems in the fourth quarter valued at about $138,000. Cubist Systematic Strategies LLC bought a new position in Casella Waste Systems in the second quarter valued at about $186,000. Tudor Investment Corp ET AL raised its position in Casella Waste Systems by 24.5% in the second quarter. Tudor Investment Corp ET AL now owns 13,374 shares of the industrial products company’s stock valued at $219,000 after purchasing an additional 2,633 shares during the last quarter. Finally, Aperio Group LLC bought a new position in Casella Waste Systems in the fourth quarter valued at about $231,000. Hedge funds and other institutional investors own 77.99% of the company’s stock.

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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.

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