Casella Waste Systems Inc. (NASDAQ:CWST) has been given a consensus rating of “Hold” by the seven brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $35.33.

Several analysts recently issued reports on the stock. BidaskClub upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a research report on Thursday, February 14th. Zacks Investment Research lowered shares of Casella Waste Systems from a “hold” rating to a “strong sell” rating in a research report on Monday, April 15th. Stifel Nicolaus lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating and set a $35.00 price target on the stock. in a research report on Friday, February 22nd. KeyCorp assumed coverage on shares of Casella Waste Systems in a research report on Monday, February 4th. They set a “sector weight” rating on the stock. Finally, ValuEngine upgraded shares of Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 28th.

In other news, VP Christopher Heald sold 6,925 shares of the firm’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $34.60, for a total transaction of $239,605.00. Following the completion of the transaction, the vice president now owns 107,090 shares of the company’s stock, valued at $3,705,314. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John W. Casella sold 60,733 shares of the firm’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $34.60, for a total transaction of $2,101,361.80. Following the transaction, the chief executive officer now directly owns 548,108 shares of the company’s stock, valued at approximately $18,964,536.80. The disclosure for this sale can be found here. Insiders sold 424,422 shares of company stock worth $14,797,659 in the last 90 days. Company insiders own 10.64% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Casella Waste Systems by 2.5% during the fourth quarter. BlackRock Inc. now owns 2,827,603 shares of the industrial products company’s stock valued at $80,560,000 after acquiring an additional 69,356 shares during the last quarter. Standard Life Aberdeen plc raised its stake in shares of Casella Waste Systems by 5.3% during the third quarter. Standard Life Aberdeen plc now owns 2,210,330 shares of the industrial products company’s stock valued at $68,653,000 after acquiring an additional 110,881 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Casella Waste Systems by 16.8% during the fourth quarter. Macquarie Group Ltd. now owns 1,593,096 shares of the industrial products company’s stock valued at $45,387,000 after acquiring an additional 228,590 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Casella Waste Systems by 13.3% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 700,110 shares of the industrial products company’s stock worth $19,946,000 after buying an additional 82,135 shares during the last quarter. Finally, Teton Advisors Inc. raised its stake in Casella Waste Systems by 0.4% during the fourth quarter. Teton Advisors Inc. now owns 598,428 shares of the industrial products company’s stock worth $17,049,000 after buying an additional 2,600 shares during the last quarter. 79.43% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ CWST traded up $0.37 during trading hours on Thursday, hitting $35.23. 145,409 shares of the stock were exchanged, compared to its average volume of 259,776. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 57.75 and a beta of 0.95. Casella Waste Systems has a 1-year low of $23.38 and a 1-year high of $36.95.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Thursday, February 21st. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). The firm had revenue of $174.72 million for the quarter, compared to analyst estimates of $172.12 million. Casella Waste Systems had a negative return on equity of 114.82% and a net margin of 0.97%. The business’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 EPS. Equities research analysts predict that Casella Waste Systems will post 0.81 earnings per share for the current year.

About Casella Waste Systems

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the northeastern United States. The company operates through Eastern, Western, Recycling, and Other segments. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers.

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