BidaskClub upgraded shares of Casella Waste Systems (NASDAQ:CWST) from a hold rating to a buy rating in a research report report published on Wednesday.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Casella Waste Systems from a hold rating to a buy rating and set a $29.00 price objective on the stock in a research report on Thursday, February 22nd. ValuEngine upgraded Casella Waste Systems from a hold rating to a buy rating in a research report on Monday, April 2nd. TheStreet upgraded Casella Waste Systems from a d rating to a c rating in a research report on Thursday, March 1st. Finally, UBS Group initiated coverage on Casella Waste Systems in a research report on Wednesday, March 14th. They issued a neutral rating and a $25.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $25.25.
Shares of CWST opened at $25.92 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of -12.75. Casella Waste Systems has a fifty-two week low of $15.20 and a fifty-two week high of $27.50. The company has a market cap of $1.09 billion, a P/E ratio of 38.69 and a beta of 0.93.
Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Thursday, May 3rd. The industrial products company reported $0.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.01. Casella Waste Systems had a negative return on equity of 53.97% and a negative net margin of 4.16%. The company had revenue of $147.50 million for the quarter, compared to the consensus estimate of $139.13 million. During the same quarter last year, the business posted ($0.01) earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. research analysts forecast that Casella Waste Systems will post 0.71 earnings per share for the current fiscal year.
In other Casella Waste Systems news, VP Christopher Heald sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $24.56, for a total transaction of $98,240.00. Following the sale, the vice president now owns 89,484 shares in the company, valued at $2,197,727.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael K. Burke sold 20,236 shares of the firm’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $24.56, for a total value of $496,996.16. Following the sale, the director now owns 67,502 shares in the company, valued at approximately $1,657,849.12. The disclosure for this sale can be found here. Insiders have sold 73,354 shares of company stock worth $1,761,331 in the last 90 days. Company insiders own 11.47% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ramsey Quantitative Systems purchased a new stake in Casella Waste Systems during the fourth quarter valued at about $123,000. SG Americas Securities LLC purchased a new stake in Casella Waste Systems during the first quarter valued at about $142,000. Aperio Group LLC purchased a new stake in Casella Waste Systems during the fourth quarter valued at about $231,000. Citigroup Inc. raised its position in Casella Waste Systems by 417.9% during the first quarter. Citigroup Inc. now owns 10,643 shares of the industrial products company’s stock valued at $249,000 after purchasing an additional 8,588 shares in the last quarter. Finally, Stone Ridge Asset Management LLC purchased a new stake in Casella Waste Systems during the fourth quarter valued at about $263,000. Institutional investors and hedge funds own 83.10% of the company’s stock.
Casella Waste Systems Company Profile
Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically-integrated solid waste services company in the northeastern United States. The company operates through Eastern Region, Western Region, Recycling, and Other segments. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers.
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