ValuEngine upgraded shares of Casella Waste Systems (NASDAQ:CWST) from a hold rating to a buy rating in a research note issued to investors on Wednesday.
Several other equities analysts also recently weighed in on the company. TheStreet upgraded Casella Waste Systems from a d rating to a c rating in a research report on Thursday, March 1st. Zacks Investment Research downgraded Casella Waste Systems from a buy rating to a hold rating in a research report on Friday, February 23rd. Stifel Nicolaus upgraded Casella Waste Systems from a hold rating to a buy rating and set a $28.00 target price on the stock in a research report on Wednesday, January 24th. Finally, BidaskClub upgraded Casella Waste Systems from a buy rating to a strong-buy rating in a research report on Friday, December 29th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $23.25.
Casella Waste Systems (NASDAQ CWST) traded up $0.05 during midday trading on Wednesday, reaching $24.07. The company had a trading volume of 324,511 shares, compared to its average volume of 237,229. Casella Waste Systems has a 1 year low of $12.25 and a 1 year high of $27.38. The stock has a market capitalization of $1,010.00, a P/E ratio of -26.16 and a beta of 0.79. The company has a debt-to-equity ratio of -12.61, a current ratio of 0.95 and a quick ratio of 0.91.
In other news, VP Christopher Heald sold 2,883 shares of the firm’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $26.51, for a total value of $76,428.33. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William P. Hulligan sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $24.01, for a total value of $480,200.00. Following the completion of the transaction, the director now owns 76,760 shares in the company, valued at $1,843,007.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 188,084 shares of company stock worth $4,307,486. Company insiders own 11.47% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in CWST. Standard Life Aberdeen plc purchased a new position in shares of Casella Waste Systems in the 4th quarter worth about $51,786,000. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Casella Waste Systems in the third quarter valued at about $10,017,000. Macquarie Group Ltd. grew its stake in shares of Casella Waste Systems by 51.3% in the third quarter. Macquarie Group Ltd. now owns 1,550,003 shares of the industrial products company’s stock valued at $29,140,000 after buying an additional 525,459 shares in the last quarter. Epoch Investment Partners Inc. grew its stake in shares of Casella Waste Systems by 171.9% in the third quarter. Epoch Investment Partners Inc. now owns 637,775 shares of the industrial products company’s stock valued at $11,990,000 after buying an additional 403,224 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Casella Waste Systems by 91.1% in the fourth quarter. Millennium Management LLC now owns 712,154 shares of the industrial products company’s stock valued at $16,394,000 after buying an additional 339,447 shares in the last quarter. Institutional investors own 81.59% of the company’s stock.
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Casella Waste Systems Company Profile
Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. It manages its solid waste operations on a geographic basis through two regional operating segments: Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations through its Recycling segment.
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