Casella Waste Systems Inc. (NASDAQ:CWST) hit a new 52-week high on Monday . The stock traded as high as $23.61 and last traded at $23.52, with a volume of 191300 shares traded. The stock had previously closed at $22.89.

CWST has been the topic of several analyst reports. Stifel Nicolaus cut Casella Waste Systems from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a research note on Wednesday, October 4th. Zacks Investment Research cut Casella Waste Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. KeyCorp reaffirmed a “buy” rating on shares of Casella Waste Systems in a research note on Friday, October 13th. Finally, BidaskClub raised Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 29th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $19.00.

The company has a market capitalization of $988.87, a P/E ratio of -18.16 and a beta of 0.72. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of -7.91.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Wednesday, November 1st. The industrial products company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $160.27 million for the quarter, compared to analysts’ expectations of $154.61 million. Casella Waste Systems had a negative return on equity of 56.99% and a negative net margin of 9.09%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share. equities research analysts expect that Casella Waste Systems Inc. will post 0.64 EPS for the current year.

In related news, Director James F. Callahan, Jr. sold 15,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $21.00, for a total value of $315,000.00. Following the transaction, the director now owns 78,102 shares of the company’s stock, valued at $1,640,142. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Edwin D. Johnson sold 99,091 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $21.01, for a total value of $2,081,901.91. Following the completion of the transaction, the chief operating officer now directly owns 469,500 shares in the company, valued at approximately $9,864,195. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 200,524 shares of company stock worth $4,077,303. Insiders own 11.47% of the company’s stock.

Large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA grew its stake in Casella Waste Systems by 206.2% in the second quarter. BNP Paribas Arbitrage SA now owns 7,309 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 4,922 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Casella Waste Systems in the second quarter worth approximately $186,000. Tudor Investment Corp ET AL grew its stake in Casella Waste Systems by 24.5% in the second quarter. Tudor Investment Corp ET AL now owns 13,374 shares of the industrial products company’s stock worth $219,000 after purchasing an additional 2,633 shares in the last quarter. Voya Investment Management LLC bought a new position in Casella Waste Systems in the second quarter worth approximately $274,000. Finally, AXA grew its stake in Casella Waste Systems by 24.7% in the second quarter. AXA now owns 22,690 shares of the industrial products company’s stock worth $372,000 after purchasing an additional 4,500 shares in the last quarter. 79.30% of the stock is currently owned by institutional investors.

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Casella Waste Systems Company Profile

Casella Waste Systems, Inc is a solid waste services company. The Company provides 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. It manages its solid waste operations on a geographic basis through two regional operating segments: Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations through its Recycling segment.

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