Casella Waste Systems, Inc. (NASDAQ:CWST) Receives $109.75 Consensus PT from Analysts

Casella Waste Systems, Inc. (NASDAQ:CWST) has earned an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $109.75.

CWST has been the topic of a number of recent research reports. Zacks Research upgraded Casella Waste Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 8th. Barclays upped their price target on Casella Waste Systems from $102.00 to $104.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. UBS Group lowered their price target on Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating for the company in a research report on Friday, June 26th. JPMorgan Chase & Co. dropped their price objective on Casella Waste Systems from $110.00 to $105.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 5th.

Casella Waste Systems Trading Up 3.0%

NASDAQ:CWST opened at $94.78 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.99 and a quick ratio of 0.99. Casella Waste Systems has a one year low of $74.05 and a one year high of $107.96. The company has a market cap of $6.03 billion, a PE ratio of 1,053.23 and a beta of 0.74. The firm has a 50-day moving average of $92.28 and a 200-day moving average of $89.42.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results on Thursday, August 6th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $543.75 million during the quarter, compared to the consensus estimate of $526.43 million. Casella Waste Systems had a return on equity of 5.32% and a net margin of 0.29%.The company’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS. As a group, equities research analysts expect that Casella Waste Systems will post 1.24 EPS for the current fiscal year.

Insider Activity at Casella Waste Systems

In other news, Director Douglas R. Casella sold 1,343 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $91.12, for a total value of $122,374.16. Following the completion of the sale, the director owned 90,141 shares in the company, valued at $8,213,647.92. This represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.78% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Casella Waste Systems

Institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its stake in 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 valued at $27,000 after buying an additional 184 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new position in shares of Casella Waste Systems in the 4th quarter worth approximately $25,000. Los Angeles Capital Management LLC purchased a new position in shares of Casella Waste Systems in the 4th quarter worth approximately $27,000. EverSource Wealth Advisors LLC grew its holdings in shares of Casella Waste Systems by 235.3% in the second quarter. EverSource Wealth Advisors LLC now owns 285 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 200 shares in the last quarter. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of Casella Waste Systems in the second quarter valued at approximately $29,000. 99.51% of the stock is owned by institutional investors.

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.