Casella Waste Systems, Inc. (NASDAQ:CWST) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Casella Waste Systems, Inc. (NASDAQ:CWST) have been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $111.1250.

A number of brokerages have recently commented on CWST. TD Cowen reissued a “buy” rating on shares of Casella Waste Systems in a report on Friday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Casella Waste Systems in a report on Friday, May 22nd. UBS Group reduced their target price on shares of Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Barclays raised shares of Casella Waste Systems from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $101.00 to $102.00 in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd.

Insider Activity

In other Casella Waste Systems news, Director John W. Casella sold 1,744 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $87.77, for a total transaction of $153,070.88. Following the completion of the sale, the director owned 30,795 shares of the company’s stock, valued at $2,702,877.15. This represents a 5.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Edmond Coletta sold 12,500 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $89.56, for a total transaction of $1,119,500.00. Following the sale, the chief executive officer directly owned 140,118 shares of the company’s stock, valued at $12,548,968.08. The trade was a 8.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 19,422 shares of company stock worth $1,729,647. 3.78% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Casella Waste Systems

Several institutional investors have recently added to or reduced their stakes in CWST. Hilton Head Capital Partners LLC purchased a new stake in Casella Waste Systems during the 4th quarter valued at $25,000. Smartleaf Asset Management LLC lifted its position in shares of Casella Waste Systems by 180.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 191 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Casella Waste Systems by 301.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 184 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Casella Waste Systems in the 4th quarter worth about $27,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Casella Waste Systems by 41.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 337 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 98 shares during the period. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Price Performance

Shares of NASDAQ:CWST opened at $85.90 on Monday. The company’s fifty day moving average price is $83.54 and its 200-day moving average price is $92.55. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 780.98 and a beta of 0.77. Casella Waste Systems has a one year low of $74.05 and a one year high of $118.91. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.38.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. The firm had revenue of $457.33 million for the quarter, compared to analyst estimates of $454.49 million. Casella Waste Systems had a net margin of 0.38% and a return on equity of 5.19%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.19 EPS. On average, equities research analysts anticipate that Casella Waste Systems will post 1.12 earnings per share for the current fiscal year.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.