Casella Waste Systems, Inc. (NASDAQ:CWST - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday after UBS Group raised their price target on the stock from $130.00 to $135.00. UBS Group currently has a buy rating on the stock. Casella Waste Systems traded as high as $116.40 and last traded at $115.43, with a volume of 174875 shares changing hands. The stock had previously closed at $115.08.
CWST has been the topic of a number of other research reports. TD Cowen began coverage on shares of Casella Waste Systems in a report on Wednesday, April 9th. They issued a "buy" rating and a $130.00 price target on the stock. Stifel Nicolaus raised their price objective on Casella Waste Systems from $127.00 to $129.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Jefferies Financial Group cut Casella Waste Systems from a "buy" rating to a "hold" rating and decreased their target price for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. Finally, William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Casella Waste Systems presently has an average rating of "Moderate Buy" and a consensus target price of $122.67.
Read Our Latest Analysis on Casella Waste Systems
Insider Buying and Selling at Casella Waste Systems
In other news, SVP Paul Ligon sold 2,000 shares of the company's stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $118.67, for a total value of $237,340.00. Following the completion of the transaction, the senior vice president now directly owns 20,347 shares in the company, valued at approximately $2,414,578.49. This represents a 8.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.24% of the stock is owned by corporate insiders.
Institutional Trading of Casella Waste Systems
Several institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its position in Casella Waste Systems by 16.4% during the 4th quarter. Signaturefd LLC now owns 802 shares of the industrial products company's stock worth $85,000 after acquiring an additional 113 shares during the period. Summit Investment Advisors Inc. lifted its holdings in Casella Waste Systems by 2.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,388 shares of the industrial products company's stock worth $676,000 after purchasing an additional 134 shares during the period. Mackenzie Financial Corp grew its position in Casella Waste Systems by 4.3% in the 4th quarter. Mackenzie Financial Corp now owns 3,516 shares of the industrial products company's stock valued at $372,000 after buying an additional 146 shares in the last quarter. Covestor Ltd increased its stake in Casella Waste Systems by 124.4% during the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock valued at $29,000 after buying an additional 153 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in shares of Casella Waste Systems by 1.3% in the fourth quarter. Captrust Financial Advisors now owns 12,267 shares of the industrial products company's stock valued at $1,298,000 after acquiring an additional 156 shares in the last quarter. 99.51% of the stock is owned by institutional investors and hedge funds.
Casella Waste Systems Stock Performance
The company has a fifty day moving average of $111.30 and a 200 day moving average of $108.16. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.00 and a quick ratio of 2.48. The stock has a market cap of $7.50 billion, a P/E ratio of 514.35, a PEG ratio of 3.86 and a beta of 0.96.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.25. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. On average, equities analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.
About Casella Waste Systems
(
Get Free Report)
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.
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