Casella Waste Systems Inc. (NASDAQ:CWST)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $30.50 and last traded at $30.37, with a volume of 8086 shares trading hands. The stock had previously closed at $29.18.

A number of research firms have recently commented on CWST. Raymond James lifted their price target on shares of Casella Waste Systems from $33.00 to $35.00 and gave the company a “strong-buy” rating in a research report on Friday. BidaskClub upgraded shares of Casella Waste Systems from a “sell” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a research note on Monday, August 6th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of Casella Waste Systems from a “hold” rating to a “sell” rating in a research note on Thursday, July 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $29.75.

The company has a market capitalization of $1.24 billion, a PE ratio of 47.24 and a beta of 1.03. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of -14.47.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Thursday, August 2nd. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The company had revenue of $165.65 million during the quarter, compared to analyst estimates of $158.95 million. Casella Waste Systems had a negative return on equity of 63.60% and a net margin of 4.79%. The company’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 EPS. equities research analysts forecast that Casella Waste Systems Inc. will post 0.67 earnings per share for the current fiscal year.

In other news, COO Edwin D. Johnson sold 20,000 shares of the firm’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $31.20, for a total value of $624,000.00. Following the sale, the chief operating officer now owns 345,317 shares in the company, valued at $10,773,890.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Christopher Heald sold 4,000 shares of the firm’s stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $24.56, for a total transaction of $98,240.00. Following the completion of the sale, the vice president now owns 89,484 shares in the company, valued at approximately $2,197,727.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 78,081 shares of company stock worth $2,171,420. 11.47% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Granahan Investment Management Inc. MA acquired a new stake in Casella Waste Systems during the second quarter worth $5,187,000. Tower Research Capital LLC TRC acquired a new stake in Casella Waste Systems during the second quarter worth $118,000. Macquarie Group Ltd. boosted its stake in Casella Waste Systems by 11.2% during the second quarter. Macquarie Group Ltd. now owns 1,800,433 shares of the industrial products company’s stock worth $46,109,000 after buying an additional 180,914 shares in the last quarter. Capital Fund Management S.A. acquired a new stake in Casella Waste Systems during the second quarter worth $635,000. Finally, Earnest Partners LLC boosted its stake in Casella Waste Systems by 146.3% during the second quarter. Earnest Partners LLC now owns 1,837,877 shares of the industrial products company’s stock worth $47,068,000 after buying an additional 1,091,762 shares in the last quarter. Institutional investors and hedge funds own 84.60% of the company’s stock.

Casella Waste Systems Company Profile (NASDAQ:CWST)

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically-integrated solid waste services company in the northeastern United States. The company operates through Eastern Region, Western Region, Recycling, and Other segments. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers.

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