Casella Waste Systems, Inc. (NASDAQ:CWST) Given Average Rating of “Moderate Buy” by Analysts

Shares of Casella Waste Systems, Inc. (NASDAQ:CWST) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $122.67.

A number of research analysts recently commented on CWST shares. UBS Group upped their price objective on Casella Waste Systems from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, April 11th. Raymond James Financial restated a “strong-buy” rating on shares of Casella Waste Systems in a research note on Wednesday, April 16th. TD Cowen started coverage on Casella Waste Systems in a research note on Wednesday, April 9th. They set a “buy” rating and a $130.00 price objective for the company. Cowen restated a “buy” rating on shares of Casella Waste Systems in a research note on Friday, June 6th. Finally, William Blair restated an “outperform” rating on shares of Casella Waste Systems in a research note on Tuesday.

Insider Activity

In other news, President Edmond Coletta sold 5,562 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $119.18, for a total value of $662,879.16. Following the completion of the transaction, the president owned 150,093 shares of the company’s stock, valued at approximately $17,888,083.74. This represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 3.81% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Maseco LLP bought a new stake in Casella Waste Systems in the second quarter worth about $25,000. Geneos Wealth Management Inc. raised its position in Casella Waste Systems by 301.6% in the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 184 shares in the last quarter. Covestor Ltd raised its position in Casella Waste Systems by 124.4% in the fourth quarter. Covestor Ltd now owns 276 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 153 shares in the last quarter. Quarry LP bought a new stake in Casella Waste Systems in the fourth quarter worth about $30,000. Finally, NBC Securities Inc. bought a new stake in Casella Waste Systems in the first quarter worth about $31,000. Institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Price Performance

CWST stock opened at $109.56 on Friday. The company has a quick ratio of 1.87, a current ratio of 1.96 and a debt-to-equity ratio of 0.72. Casella Waste Systems has a 52-week low of $91.01 and a 52-week high of $121.24. The stock’s 50 day moving average is $114.97 and its two-hundred day moving average is $112.37. The company has a market capitalization of $6.95 billion, a PE ratio of 498.02, a P/E/G ratio of 4.02 and a beta of 0.84.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.08. Casella Waste Systems had a return on equity of 4.69% and a net margin of 0.79%. The company had revenue of $417.10 million for the quarter, compared to the consensus estimate of $403.64 million. During the same period in the previous year, the business earned $0.15 EPS. Casella Waste Systems’s revenue for the quarter was up 22.3% compared to the same quarter last year. Analysts predict that Casella Waste Systems will post 1.16 earnings per share for the current fiscal year.

About Casella Waste Systems

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.