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

Shares of Casella Waste Systems, Inc. (NASDAQ:CWST) have received an average rating of “Buy” from the four brokerages that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $99.71.

Several equities analysts recently commented on CWST shares. Wells Fargo & Company upped their target price on shares of Casella Waste Systems from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. StockNews.com raised shares of Casella Waste Systems from a “sell” rating to a “hold” rating in a research report on Friday, February 16th.

Insiders Place Their Bets

In other Casella Waste Systems news, CEO John W. Casella sold 1,673 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total value of $157,479.49. Following the sale, the chief executive officer now owns 35,189 shares of the company’s stock, valued at approximately $3,312,340.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, President Edmond Coletta sold 733 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $94.31, for a total transaction of $69,129.23. Following the completion of the transaction, the president now owns 170,486 shares in the company, valued at approximately $16,078,534.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John W. Casella sold 1,673 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total value of $157,479.49. Following the completion of the sale, the chief executive officer now owns 35,189 shares in the company, valued at $3,312,340.57. The disclosure for this sale can be found here. Insiders have sold 11,238 shares of company stock worth $1,026,395 over the last 90 days. Corporate insiders own 4.75% of the company’s stock.

Institutional Investors Weigh In On Casella Waste Systems

Large investors have recently made changes to their positions in the company. Genesee Capital Advisors LLC boosted its position in Casella Waste Systems by 1.5% in the first quarter. Genesee Capital Advisors LLC now owns 7,384 shares of the industrial products company’s stock valued at $730,000 after buying an additional 111 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Casella Waste Systems by 11.0% in the 3rd quarter. Allworth Financial LP now owns 1,513 shares of the industrial products company’s stock worth $115,000 after acquiring an additional 150 shares in the last quarter. Orion Portfolio Solutions LLC grew its position in Casella Waste Systems by 5.5% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 2,995 shares of the industrial products company’s stock worth $229,000 after acquiring an additional 156 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Casella Waste Systems by 1.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 10,013 shares of the industrial products company’s stock valued at $856,000 after purchasing an additional 160 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its position in Casella Waste Systems by 38.1% in the 1st quarter. Harbor Investment Advisory LLC now owns 613 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 169 shares during the last quarter. Institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Price Performance

Shares of NASDAQ:CWST opened at $94.32 on Friday. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 209.60, a PEG ratio of 6.19 and a beta of 0.90. The business has a 50 day moving average price of $94.40 and a 200 day moving average price of $86.70. The company has a quick ratio of 1.46, a current ratio of 1.53 and a debt-to-equity ratio of 0.99. Casella Waste Systems has a twelve month low of $72.97 and a twelve month high of $100.29.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Friday, February 16th. The industrial products company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). The business had revenue of $359.57 million for the quarter, compared to analyst estimates of $360.08 million. Casella Waste Systems had a return on equity of 5.81% and a net margin of 2.01%. The firm’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. Research analysts predict that Casella Waste Systems will post 0.77 earnings per share for the current year.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.