Casella Waste Systems Inc. (NASDAQ:CWST)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $8.06 and last traded at $8.05, with a volume of 196,796 shares changing hands. The stock had previously closed at $7.85.

Several brokerages have recently issued reports on CWST. Zacks Investment Research raised Casella Waste Systems from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a research note on Wednesday, June 29th. First Analysis increased their target price on Casella Waste Systems from $8.00 to $9.00 and gave the company an “overweight” rating in a research note on Friday, June 17th. Finally, Stifel Nicolaus raised Casella Waste Systems from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a research note on Monday, May 9th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $8.08.

The company has a 50 day moving average price of $7.51 and a 200-day moving average price of $6.64. The firm’s market cap is $339.33 million.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Wednesday, May 4th. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.06. During the same period last year, the firm posted ($0.23) EPS. The business had revenue of $125.43 million for the quarter, compared to analyst estimates of $118.15 million. Casella Waste Systems’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities research analysts forecast that Casella Waste Systems Inc. will post ($0.04) EPS for the current year.

In other news, CFO Edmond Coletta sold 6,491 shares of the business’s stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $7.56, for a total transaction of $49,071.96. Following the completion of the transaction, the chief financial officer now owns 164,538 shares of the company’s stock, valued at approximately $1,243,907.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John W. Casella sold 9,003 shares of the business’s stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $7.56, for a total value of $68,062.68. Following the transaction, the chief executive officer now directly owns 524,991 shares of the company’s stock, valued at approximately $3,968,931.96. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Casella Waste Systems stock. EAM Investors LLC boosted its position in Casella Waste Systems Inc. (NASDAQ:CWST) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,339 shares of the company’s stock after buying an additional 1,094 shares during the period. EAM Investors LLC owned about 0.68% of Casella Waste Systems worth $1,664,000 at the end of the most recent quarter.

Casella Waste Systems, Inc is a solid waste services company. The Company is engaged in the provision of 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.