Brokerages Set Casella Waste Systems, Inc. (NASDAQ:CWST) Price Target at $114.00

Casella Waste Systems, Inc. (NASDAQ:CWST) has been given an average rating of “Buy” by the five ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $114.00.

Several research analysts have recently issued reports on CWST shares. William Blair initiated coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Raymond James upped their price target on Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft decreased their price objective on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, Stifel Nicolaus raised their target price on Casella Waste Systems from $117.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th.

Insider Buying and Selling

In related news, SVP Paul Ligon sold 1,730 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $106.81, for a total transaction of $184,781.30. Following the completion of the sale, the senior vice president now owns 21,085 shares in the company, valued at $2,252,088.85. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.24% of the stock is owned by corporate insiders.

Institutional Trading of Casella Waste Systems

Several large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of Casella Waste Systems by 64.5% in the 3rd quarter. GAMMA Investing LLC now owns 528 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 207 shares in the last quarter. Amalgamated Bank boosted its stake in Casella Waste Systems by 6.4% in the third quarter. Amalgamated Bank now owns 2,110 shares of the industrial products company’s stock worth $210,000 after purchasing an additional 126 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Casella Waste Systems by 12.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,743 shares of the industrial products company’s stock worth $272,000 after purchasing an additional 311 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in Casella Waste Systems by 9.9% in the third quarter. Verdence Capital Advisors LLC now owns 2,932 shares of the industrial products company’s stock worth $292,000 after purchasing an additional 265 shares in the last quarter. Finally, OneAscent Financial Services LLC bought a new stake in shares of Casella Waste Systems during the third quarter worth $301,000. 99.51% of the stock is owned by institutional investors.

Casella Waste Systems Trading Up 1.0 %

Shares of NASDAQ:CWST opened at $105.20 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.48 and a current ratio of 2.55. The stock’s 50-day moving average is $107.34 and its 200-day moving average is $104.33. The company has a market cap of $6.66 billion, a P/E ratio of 876.67, a P/E/G ratio of 6.53 and a beta of 1.02. Casella Waste Systems has a 52-week low of $80.04 and a 52-week high of $114.88.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. The business had revenue of $411.63 million during the quarter, compared to the consensus estimate of $412.59 million. During the same period in the prior year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was up 16.7% on a year-over-year basis. Equities research analysts predict that Casella Waste Systems will post 0.65 earnings per share for the current year.

Casella Waste Systems Company Profile

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.