Casella Waste Systems, Inc. (NASDAQ:CWST) saw unusually-strong trading volume on Friday . Approximately 371,742 shares traded hands during trading, an increase of 5% from the previous session’s volume of 355,095 shares.The stock last traded at $19.31 and had previously closed at $18.28.
Several analysts recently issued reports on CWST shares. Zacks Investment Research cut shares of Casella Waste Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Stifel Nicolaus reaffirmed a “buy” rating and set a $16.00 price objective on shares of Casella Waste Systems in a research note on Wednesday, July 19th. Finally, KeyCorp reaffirmed a “buy” rating on shares of Casella Waste Systems in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Casella Waste Systems presently has a consensus rating of “Hold” and a consensus target price of $16.83.
The company has a current ratio of 1.06, a quick ratio of 0.99 and a debt-to-equity ratio of -6.67. The company has a market cap of $812.96, a price-to-earnings ratio of 31.70 and a beta of 0.69.
Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Wednesday, November 1st. The industrial products company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. The company had revenue of $160.27 million for the quarter, compared to analyst estimates of $154.61 million. Casella Waste Systems had a negative net margin of 9.09% and a negative return on equity of 63.87%. Casella Waste Systems’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.18 EPS. sell-side analysts expect that Casella Waste Systems, Inc. will post 0.56 earnings per share for the current fiscal year.
In other Casella Waste Systems news, Director William P. Hulligan sold 20,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $16.15, for a total value of $323,000.00. Following the transaction, the director now directly owns 96,760 shares in the company, valued at approximately $1,562,674. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael K. Burke sold 31,500 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $17.93, for a total transaction of $564,795.00. Following the completion of the transaction, the director now owns 116,514 shares in the company, valued at $2,089,096.02. The disclosure for this sale can be found here. Insiders own 11.50% of the company’s stock.
A number of large investors have recently bought and sold shares of CWST. Karp Capital Management Corp acquired a new position in Casella Waste Systems in the 1st quarter valued at about $163,000. American International Group Inc. lifted its holdings in shares of Casella Waste Systems by 7.1% in the 1st quarter. American International Group Inc. now owns 23,804 shares of the industrial products company’s stock worth $336,000 after acquiring an additional 1,570 shares during the last quarter. Alliancebernstein L.P. acquired a new position in shares of Casella Waste Systems in the 1st quarter worth approximately $164,000. Wellington Management Group LLP acquired a new position in shares of Casella Waste Systems in the 1st quarter worth approximately $6,461,000. Finally, Teachers Advisors LLC lifted its holdings in shares of Casella Waste Systems by 6.4% in the 1st quarter. Teachers Advisors LLC now owns 70,622 shares of the industrial products company’s stock worth $996,000 after acquiring an additional 4,272 shares during the last quarter. Institutional investors own 77.14% of the company’s stock.
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About Casella Waste Systems
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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