Casella Waste Systems Inc. (CWST) Trading Up 1.6%
Casella Waste Systems Inc. (NASDAQ:CWST)’s share price was up 1.6% during mid-day trading on Friday . The stock traded as high as $9.18 and last traded at $9.11, with a volume of 258,183 shares. The stock had previously closed at $8.97.
Several equities analysts have recently issued reports on CWST shares. Zacks Investment Research upgraded Casella Waste Systems from a “hold” rating to a “strong-buy” rating and set a $8.50 price objective for the company in a research report on Monday, May 9th. 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 report on Monday, May 9th. KeyCorp reissued a “buy” rating on shares of Casella Waste Systems in a report on Thursday. 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 report on Friday, June 17th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Casella Waste Systems currently has an average rating of “Buy” and a consensus target price of $8.08.
The company’s market cap is $376.03 million. The stock’s 50-day moving average is $7.71 and its 200-day moving average is $6.71.
Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Wednesday, May 4th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.06. During the same period last year, the company earned ($0.23) EPS. The business earned $125.43 million during the quarter, compared to analyst estimates of $118.15 million. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities analysts forecast that Casella Waste Systems Inc. will post ($0.04) EPS for the current fiscal year.
In related 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 value 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 $1,243,907.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John W. Casella sold 9,003 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 $68,062.68. Following the completion of 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.
An institutional investor recently raised its position in Casella Waste Systems stock. EAM Investors LLC boosted its stake in Casella Waste Systems Inc. (NASDAQ:CWST) by 0.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 278,339 shares of the company’s stock after buying an additional 1,094 shares during the period. EAM Investors LLC owned approximately 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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