Casella Waste Systems Inc. (CWST) Sees Large Volume Increase
Casella Waste Systems Inc. (NASDAQ:CWST) shares saw unusually-strong trading volume on Monday . Approximately 169,283 shares traded hands during mid-day trading, an increase of 7% from the previous session’s volume of 157,560 shares.The stock last traded at $8.49 and had previously closed at $8.23.
Several equities analysts recently issued reports on CWST shares. Stifel Nicolaus upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a research report on Monday, May 9th. Zacks Investment Research upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a research report on Wednesday, June 29th. Finally, First Analysis boosted their target price on Casella Waste Systems from $8.00 to $9.00 and gave the stock an “overweight” rating in a research report on Friday, June 17th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Casella Waste Systems has a consensus rating of “Buy” and an average price target of $8.08.
The company has a 50 day moving average of $7.55 and a 200 day moving average of $6.66. The stock’s market cap is $347.58 million.
Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Wednesday, May 4th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.06. During the same period in the previous year, the business posted ($0.23) EPS. The company had revenue of $125.43 million for the quarter, compared to the consensus estimate of $118.15 million. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities research analysts expect that Casella Waste Systems Inc. will post ($0.04) earnings per share for the current fiscal year.
In other news, CFO Edmond Coletta sold 6,491 shares of the stock in a transaction dated Wednesday, June 29th. The shares were sold at an average price of $7.56, for a total transaction of $49,071.96. Following the transaction, the chief financial officer now owns 164,538 shares of the company’s stock, valued at $1,243,907.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas R. Casella sold 5,806 shares of the stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $7.56, for a total transaction of $43,893.36. Following the transaction, the director now directly owns 738,349 shares in the company, valued at approximately $5,581,918.44. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Casella Waste Systems stock. EAM Investors LLC raised its position in Casella Waste Systems Inc. (NASDAQ:CWST) by 0.4% during the fourth quarter, according to its most recent filing with the 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 0.68% of Casella Waste Systems worth $1,664,000 at the end of the most recent reporting period.
Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, in the areas of solid waste collection and disposal, transfer, recycling and organics services. Its segments include its two regional segments, Eastern and Western regions, which provide a range of solid waste services; Recycling, which offers recycling operations and its commodity brokerage operations, and Other, including organic services, ancillary operations and industrial services.
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