Casella Waste Systems Inc. (NASDAQ:CWST) shares hit a new 52-week high during trading on Monday . The company traded as high as $23.61 and last traded at $23.52, with a volume of 191300 shares trading hands. The stock had previously closed at $22.89.
A number of brokerages have commented on CWST. Zacks Investment Research upgraded shares of Casella Waste Systems from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub upgraded shares of Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 29th. Stifel Nicolaus reiterated a “hold” rating and set a $22.00 price target on shares of Casella Waste Systems in a research report on Thursday, January 4th. Finally, KeyCorp reiterated a “buy” rating on shares of Casella Waste Systems in a research report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $19.00.
The firm has a market capitalization of $988.87, a P/E ratio of -17.87 and a beta of 0.72. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of -7.91.
In other news, COO Edwin D. Johnson sold 99,091 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $21.01, for a total transaction of $2,081,901.91. Following the completion of the sale, the chief operating officer now owns 469,500 shares of the company’s stock, valued at $9,864,195. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO John W. Casella sold 62,433 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $19.31, for a total value of $1,205,581.23. Following the sale, the chief executive officer now directly owns 472,112 shares of the company’s stock, valued at approximately $9,116,482.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 200,524 shares of company stock valued at $4,077,303. Insiders own 11.47% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its stake in Casella Waste Systems by 206.2% in the second quarter. BNP Paribas Arbitrage SA now owns 7,309 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 4,922 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Casella Waste Systems in the second quarter worth $186,000. Tudor Investment Corp ET AL lifted its stake in Casella Waste Systems by 24.5% in the second quarter. Tudor Investment Corp ET AL now owns 13,374 shares of the industrial products company’s stock worth $219,000 after acquiring an additional 2,633 shares during the period. Voya Investment Management LLC purchased a new stake in Casella Waste Systems in the second quarter worth $274,000. Finally, AXA lifted its stake in Casella Waste Systems by 24.7% in the second quarter. AXA now owns 22,690 shares of the industrial products company’s stock worth $372,000 after acquiring an additional 4,500 shares during the period. 79.30% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: This piece was first reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.com-unik.info/2018/01/10/casella-waste-systems-cwst-reaches-new-12-month-high-at-23-61.html.
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.
Receive News & Ratings for Casella Waste Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casella Waste Systems and related companies with MarketBeat.com's FREE daily email newsletter.