Analysts at UBS Group started coverage on shares of Casella Waste Systems (NASDAQ:CWST) in a note issued to investors on Wednesday, The Fly reports. The firm set a “neutral” rating on the industrial products company’s stock.
Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. ValuEngine upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Stifel Nicolaus restated a “hold” rating and issued a $22.00 target price on shares of Casella Waste Systems in a report on Thursday, January 4th. BidaskClub downgraded shares of Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, TheStreet upgraded shares of Casella Waste Systems from a “d” rating to a “c” rating in a research note on Thursday, March 1st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $23.25.
Casella Waste Systems (NASDAQ:CWST) traded up $0.03 during trading on Wednesday, reaching $23.79. 178,106 shares of the company were exchanged, compared to its average volume of 231,306. Casella Waste Systems has a 52-week low of $12.25 and a 52-week high of $27.38. The stock has a market capitalization of $1,002.08, a P/E ratio of -43.25 and a beta of 0.79. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of -12.61.
In other news, COO Edwin D. Johnson sold 99,091 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher Heald sold 2,883 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $26.51, for a total transaction of $76,428.33. The disclosure for this sale can be found here. Insiders sold 199,416 shares of company stock valued at $4,614,798 over the last 90 days. Insiders own 11.47% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of CWST. Standard Life Aberdeen plc acquired a new stake in Casella Waste Systems in the fourth quarter valued at $51,786,000. Thompson Siegel & Walmsley LLC acquired a new stake in Casella Waste Systems in the third quarter valued at $10,017,000. Macquarie Group Ltd. raised its holdings in Casella Waste Systems by 51.3% in the third quarter. Macquarie Group Ltd. now owns 1,550,003 shares of the industrial products company’s stock valued at $29,140,000 after acquiring an additional 525,459 shares in the last quarter. Epoch Investment Partners Inc. raised its holdings in Casella Waste Systems by 171.9% in the third quarter. Epoch Investment Partners Inc. now owns 637,775 shares of the industrial products company’s stock valued at $11,990,000 after acquiring an additional 403,224 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Casella Waste Systems by 91.1% in the fourth quarter. Millennium Management LLC now owns 712,154 shares of the industrial products company’s stock valued at $16,394,000 after acquiring an additional 339,447 shares in the last quarter. 81.59% of the stock is currently owned by hedge funds and other institutional investors.
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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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