ValuEngine upgraded shares of Casella Waste Systems (NASDAQ:CWST) from a buy rating to a strong-buy rating in a research report report published on Tuesday.

Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Casella Waste Systems from a sell rating to a hold rating in a research report on Tuesday, June 12th. BidaskClub upgraded shares of Casella Waste Systems from a sell rating to a hold rating in a research report on Wednesday, September 5th. Finally, Stifel Nicolaus lowered shares of Casella Waste Systems from a buy rating to a hold rating and set a $30.00 price target for the company. in a research report on Monday, August 6th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $29.75.

Shares of CWST stock opened at $32.53 on Tuesday. Casella Waste Systems has a 12 month low of $16.64 and a 12 month high of $33.94. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 48.55 and a beta of 1.03. The company has a debt-to-equity ratio of -14.47, a current ratio of 1.01 and a quick ratio of 0.94.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, August 2nd. The industrial products company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). Casella Waste Systems had a net margin of 4.79% and a negative return on equity of 63.60%. The business had revenue of $165.65 million for the quarter, compared to analysts’ expectations of $158.95 million. During the same period in the prior year, the company posted $0.25 earnings per share. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. research analysts predict that Casella Waste Systems will post 0.71 earnings per share for the current year.

In other Casella Waste Systems news, General Counsel David L. Schmitt sold 10,000 shares of the stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $32.30, for a total transaction of $323,000.00. Following the completion of the transaction, the general counsel now owns 42,006 shares in the company, valued at $1,356,793.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael K. Burke sold 13,845 shares of the stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $27.72, for a total transaction of $383,783.40. Following the transaction, the director now owns 60,422 shares of the company’s stock, valued at approximately $1,674,897.84. The disclosure for this sale can be found here. Insiders have sold 66,845 shares of company stock valued at $1,999,113 in the last quarter. 11.47% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Earnest Partners LLC raised its stake in shares of Casella Waste Systems by 146.3% in the second quarter. Earnest Partners LLC now owns 1,837,877 shares of the industrial products company’s stock valued at $47,068,000 after acquiring an additional 1,091,762 shares during the period. Wells Fargo & Company MN increased its stake in Casella Waste Systems by 237.1% in the 1st quarter. Wells Fargo & Company MN now owns 829,885 shares of the industrial products company’s stock worth $19,403,000 after buying an additional 583,679 shares during the period. GW&K Investment Management LLC purchased a new position in Casella Waste Systems in the 1st quarter worth about $8,647,000. Vaughan Nelson Investment Management L.P. increased its stake in Casella Waste Systems by 97.7% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 657,150 shares of the industrial products company’s stock worth $15,364,000 after buying an additional 324,725 shares during the period. Finally, Granahan Investment Management Inc. MA purchased a new position in Casella Waste Systems in the 2nd quarter worth about $5,187,000. Institutional investors and hedge funds own 84.60% of the company’s stock.

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 Region, Western Region, 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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