Casella Waste Systems Inc. (NASDAQ:CWST) – Research analysts at First Analysis boosted their Q1 2019 earnings estimates for shares of Casella Waste Systems in a note issued to investors on Monday, February 18th. First Analysis analyst C. Greendale now anticipates that the industrial products company will post earnings of $0.05 per share for the quarter, up from their previous estimate of $0.03. First Analysis also issued estimates for Casella Waste Systems’ Q2 2019 earnings at $0.21 EPS, Q3 2019 earnings at $0.29 EPS and FY2019 earnings at $0.73 EPS.
Get Casella Waste Systems alerts:A number of other research analysts also recently commented on the stock. Stifel Nicolaus upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and increased their price objective for the company from $30.00 to $32.00 in a research note on Thursday, December 27th. Zacks Investment Research downgraded shares of Casella Waste Systems from a “hold” rating to a “sell” rating in a research note on Monday, January 21st. BidaskClub upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a research note on Thursday, November 15th. KeyCorp started coverage on shares of Casella Waste Systems in a research note on Monday, February 4th. They set a “sector weight” rating on the stock. Finally, ValuEngine downgraded shares of Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Casella Waste Systems presently has an average rating of “Buy” and a consensus target price of $32.00.
NASDAQ CWST opened at $33.55 on Wednesday. Casella Waste Systems has a 12 month low of $22.15 and a 12 month high of $35.58. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 50.07 and a beta of 0.90.
Several institutional investors have recently bought and sold shares of CWST. Meeder Asset Management Inc. lifted its position in Casella Waste Systems by 218.8% in the 4th quarter. Meeder Asset Management Inc. now owns 3,864 shares of the industrial products company’s stock valued at $110,000 after purchasing an additional 2,652 shares during the last quarter. Ancora Advisors LLC bought a new stake in Casella Waste Systems in the 3rd quarter valued at about $124,000. NEXT Financial Group Inc bought a new stake in Casella Waste Systems in the 4th quarter valued at about $129,000. Acadian Asset Management LLC bought a new stake in Casella Waste Systems in the 3rd quarter valued at about $152,000. Finally, Advisory Services Network LLC lifted its position in Casella Waste Systems by 133.5% in the 4th quarter. Advisory Services Network LLC now owns 6,616 shares of the industrial products company’s stock valued at $188,000 after purchasing an additional 3,783 shares during the last quarter. Institutional investors own 85.61% of the company’s stock.
In other news, Director William P. Hulligan sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 12th. The shares were sold at an average price of $29.94, for a total value of $299,400.00. Following the transaction, the director now directly owns 59,484 shares in the company, valued at approximately $1,780,950.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gregory B. Peters sold 4,000 shares of the firm’s stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $30.59, for a total transaction of $122,360.00. Following the completion of the transaction, the director now owns 88,015 shares in the company, valued at $2,692,378.85. The disclosure for this sale can be found here. Company insiders own 10.64% of the company’s stock.
Casella Waste Systems Company Profile
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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