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

Casella Waste Systems, Inc. (NASDAQ:CWST) has earned an average rating of “Moderate Buy” from the twelve analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $111.00.

Several brokerages have issued reports on CWST. UBS Group lowered their price target 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. JPMorgan Chase & Co. decreased 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 research report on Monday, February 23rd. Jefferies Financial Group set a $120.00 target price on shares of Casella Waste Systems and gave the company a “buy” rating in a research note on Tuesday, January 6th. Zacks Research raised shares of Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Finally, Barclays raised their price target on shares of Casella Waste Systems from $95.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd.

Insider Buying and Selling

In other Casella Waste Systems news, President Edmond Coletta sold 3,812 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $93.70, for a total value of $357,184.40. Following the sale, the president directly owned 147,091 shares in the company, valued at $13,782,426.70. This represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO John W. Casella sold 6,726 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $93.10, for a total value of $626,190.60. Following the transaction, the chief executive officer owned 27,989 shares of the company’s stock, valued at $2,605,775.90. This represents a 19.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 15,830 shares of company stock valued at $1,454,208. 3.81% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Casella Waste Systems

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of Casella Waste Systems by 41.0% during 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 in the last quarter. Mackenzie Financial Corp boosted its position in Casella Waste Systems by 3.9% in the third quarter. Mackenzie Financial Corp now owns 3,975 shares of the industrial products company’s stock valued at $377,000 after buying an additional 149 shares in the last quarter. First Horizon Corp grew its stake in Casella Waste Systems by 48.6% during the fourth quarter. First Horizon Corp now owns 489 shares of the industrial products company’s stock worth $48,000 after buying an additional 160 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Casella Waste Systems by 301.6% during the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after buying an additional 184 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Casella Waste Systems by 180.2% during the third quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock worth $27,000 after buying an additional 191 shares in the last quarter. Institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Price Performance

Shares of NASDAQ:CWST opened at $83.87 on Friday. Casella Waste Systems has a 1-year low of $74.05 and a 1-year high of $121.24. The firm has a market capitalization of $5.33 billion, a PE ratio of 698.97 and a beta of 0.84. The business’s 50 day moving average is $87.57 and its 200-day moving average is $93.35. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Thursday, February 19th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.08. The business had revenue of $469.06 million for the quarter, compared to analysts’ expectations of $471.32 million. Casella Waste Systems had a return on equity of 5.17% and a net margin of 0.43%.Casella Waste Systems’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 earnings per share. Sell-side analysts predict that Casella Waste Systems will post 1.15 earnings per share for the current 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.