Casella Waste Systems, Inc. (CWST) Given Average Recommendation of “Hold” by Brokerages

Shares of Casella Waste Systems, Inc. (NASDAQ:CWST) have been given a consensus rating of “Hold” by the seven brokerages that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $16.83.

A number of equities analysts have commented on the company. BidaskClub raised Casella Waste Systems from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Stifel Nicolaus reissued a “buy” rating and issued a $16.00 price objective on shares of Casella Waste Systems in a research note on Wednesday, July 19th. Zacks Investment Research lowered Casella Waste Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Barclays PLC initiated coverage on Casella Waste Systems in a research note on Friday, June 23rd. They set an “overweight” rating and a $19.00 price target on the stock.

Shares of Casella Waste Systems (CWST) opened at 15.80 on Tuesday. Casella Waste Systems has a 52 week low of $8.75 and a 52 week high of $17.73. The company’s market capitalization is $664.17 million. The company’s 50 day moving average is $16.63 and its 200-day moving average is $14.31.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $154.02 million for the quarter, compared to analyst estimates of $149.88 million. Casella Waste Systems had a negative return on equity of 60.26% and a negative net margin of 10.01%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 earnings per share. On average, analysts expect that Casella Waste Systems will post $0.57 EPS for the current fiscal year.

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In other Casella Waste Systems news, CEO John W. Casella sold 7,817 shares of the stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $16.82, for a total value of $131,481.94. Following the transaction, the chief executive officer now owns 507,912 shares of the company’s stock, valued at $8,543,079.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Douglas R. Casella sold 2,166 shares of the stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $16.82, for a total value of $36,432.12. Following the completion of the transaction, the insider now directly owns 739,613 shares in the company, valued at approximately $12,440,290.66. The disclosure for this sale can be found here. Insiders sold 36,102 shares of company stock worth $591,106 in the last three months. Insiders own 11.50% of the company’s stock.

Large investors have recently made changes to their positions in the company. Nationwide Fund Advisors increased its stake in shares of Casella Waste Systems by 104.5% in the second quarter. Nationwide Fund Advisors now owns 117,208 shares of the industrial products company’s stock valued at $1,923,000 after buying an additional 59,881 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Casella Waste Systems by 52.5% in the second quarter. TIAA CREF Investment Management LLC now owns 279,743 shares of the industrial products company’s stock valued at $4,591,000 after buying an additional 96,285 shares during the period. Teachers Advisors LLC increased its stake in shares of Casella Waste Systems by 2.6% in the second quarter. Teachers Advisors LLC now owns 72,443 shares of the industrial products company’s stock valued at $1,189,000 after buying an additional 1,821 shares during the period. Alliancebernstein L.P. increased its stake in shares of Casella Waste Systems by 298.3% in the second quarter. Alliancebernstein L.P. now owns 46,200 shares of the industrial products company’s stock valued at $758,000 after buying an additional 34,600 shares during the period. Finally, AXA increased its stake in shares of Casella Waste Systems by 24.7% in the second quarter. AXA now owns 22,690 shares of the industrial products company’s stock valued at $372,000 after buying an additional 4,500 shares during the period. Institutional investors own 75.46% of the company’s stock.

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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