Stifel Nicolaus upgraded shares of Casella Waste Systems (NASDAQ:CWST) from a hold rating to a buy rating in a research note released on Wednesday morning, MarketBeat.com reports. Stifel Nicolaus currently has $28.00 price objective on the industrial products company’s stock.

Several other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of Casella Waste Systems from a sell rating to a hold rating in a report on Tuesday, January 9th. BidaskClub raised shares of Casella Waste Systems from a buy rating to a strong-buy rating in a report on Friday, December 29th. Finally, KeyCorp reissued a buy rating on shares of Casella Waste Systems in a report on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $20.20.

Shares of Casella Waste Systems (NASDAQ:CWST) opened at $25.84 on Wednesday. The firm has a market cap of $1,099.42, a price-to-earnings ratio of -19.88 and a beta of 0.72. Casella Waste Systems has a fifty-two week low of $11.15 and a fifty-two week high of $27.38. 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 announced its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The company had revenue of $160.27 million during the quarter, compared to analyst estimates of $154.61 million. Casella Waste Systems had a negative net margin of 9.09% and a negative return on equity of 56.99%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the business earned $0.18 EPS. equities analysts anticipate that Casella Waste Systems will post 0.66 earnings per share for the current year.

In other Casella Waste Systems news, CEO John W. Casella sold 62,433 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $19.31, for a total transaction of $1,205,581.23. Following the completion of the transaction, the chief executive officer now directly owns 472,112 shares of the company’s stock, valued at approximately $9,116,482.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Edwin D. Johnson sold 99,091 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $21.01, for a total transaction of $2,081,901.91. Following the transaction, the chief operating officer now directly owns 469,500 shares of the company’s stock, valued at $9,864,195. The disclosure for this sale can be found here. Over the last three months, insiders have sold 200,524 shares of company stock valued at $4,077,303. 11.47% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of CWST. Schwab Charles Investment Management Inc. lifted its position in shares of Casella Waste Systems by 18.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 84,100 shares of the industrial products company’s stock worth $1,381,000 after buying an additional 13,000 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Casella Waste Systems by 206.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,309 shares of the industrial products company’s stock worth $120,000 after buying an additional 4,922 shares during the last quarter. Principal Financial Group Inc. bought a new position in shares of Casella Waste Systems in the 2nd quarter worth about $5,120,000. Swiss National Bank lifted its position in shares of Casella Waste Systems by 9.8% in the 2nd quarter. Swiss National Bank now owns 65,800 shares of the industrial products company’s stock worth $1,080,000 after buying an additional 5,900 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Casella Waste Systems by 4.5% in the 2nd quarter. Wells Fargo & Company MN now owns 183,125 shares of the industrial products company’s stock worth $3,004,000 after buying an additional 7,887 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

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About Casella Waste Systems

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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