Casella Waste Systems Inc. (CWST) Sees Unusually-High Trading Volume
Casella Waste Systems Inc. (NASDAQ:CWST) shares saw unusually-high trading volume on Monday . Approximately 260,592 shares changed hands during mid-day trading, an increase of 3% from the previous session’s volume of 252,903 shares.The stock last traded at $9.14 and had previously closed at $9.12.
CWST has been the subject of several recent analyst reports. Stifel Nicolaus raised Casella Waste Systems from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research report on Monday, May 9th. KeyCorp reaffirmed a “buy” rating on shares of Casella Waste Systems in a research report on Thursday, July 14th. Zacks Investment Research raised Casella Waste Systems from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research report on Wednesday, June 29th. Finally, First Analysis raised 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 research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $8.30.
The stock’s market capitalization is $372.32 million. The stock’s 50 day moving average price is $7.86 and its 200-day moving average price is $6.78.
Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Wednesday, May 4th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.06. During the same quarter in the previous year, the firm posted ($0.23) EPS. The business had revenue of $125.43 million for the quarter, compared to the consensus estimate of $118.15 million. The business’s revenue 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 year.
In other Casella Waste Systems news, CFO Edmond Coletta sold 6,491 shares of the company’s stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $7.56, for a total transaction of $49,071.96. Following the completion of the sale, the chief financial officer now owns 164,538 shares in the company, valued at approximately $1,243,907.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas R. Casella sold 5,806 shares of the company’s stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $7.56, for a total transaction of $43,893.36. Following the sale, the director now owns 738,349 shares of the company’s stock, 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 boosted its position in shares of Casella Waste Systems Inc. (NASDAQ:CWST) by 0.4% during the fourth quarter, according to its most recent Form 13F 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 approximately 0.68% of Casella Waste Systems worth $1,664,000 as of its most recent filing with the SEC.
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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