ValuEngine upgraded shares of Casella Waste Systems (NASDAQ:CWST) from a buy rating to a strong-buy rating in a report issued on Tuesday.

CWST has been the subject of a number of other reports. Zacks Investment Research raised shares of Casella Waste Systems from a sell rating to a hold rating in a report on Tuesday, June 12th. BidaskClub raised shares of Casella Waste Systems from a sell rating to a hold rating in a report on Wednesday, September 5th. Finally, Stifel Nicolaus cut shares of Casella Waste Systems from a buy rating to a hold rating and set a $30.00 target price for the company. in a report on Monday, August 6th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $29.75.

Shares of CWST opened at $32.40 on Tuesday. Casella Waste Systems has a 1-year low of $16.64 and a 1-year high of $33.94. The company has a debt-to-equity ratio of -14.47, a current ratio of 1.01 and a quick ratio of 0.94. The firm has a market capitalization of $1.35 billion, a P/E ratio of 48.25 and a beta of 1.03.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, August 2nd. The industrial products company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Casella Waste Systems had a net margin of 4.79% and a negative return on equity of 63.60%. The business had revenue of $165.65 million during the quarter, compared to analysts’ expectations of $158.95 million. During the same period in the previous year, the company posted $0.25 earnings per share. Casella Waste Systems’s quarterly revenue was up 7.6% on a year-over-year basis. sell-side analysts predict that Casella Waste Systems will post 0.68 earnings per share for the current fiscal year.

In related news, Director William P. Hulligan sold 10,000 shares of the stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $28.85, for a total transaction of $288,500.00. Following the completion of the transaction, the director now directly owns 69,484 shares of the company’s stock, valued at $2,004,613.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Edwin D. Johnson sold 20,000 shares of the stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $31.20, for a total transaction of $624,000.00. Following the transaction, the chief operating officer now directly owns 345,317 shares of the company’s stock, valued at $10,773,890.40. The disclosure for this sale can be found here. Insiders sold 63,845 shares of company stock valued at $1,899,183 over the last ninety days. Corporate insiders own 10.64% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CWST. Tower Research Capital LLC TRC purchased a new position in Casella Waste Systems during the second quarter worth about $118,000. Integrated Investment Consultants LLC purchased a new position in Casella Waste Systems during the second quarter worth about $135,000. SG Americas Securities LLC purchased a new position in Casella Waste Systems during the first quarter worth about $142,000. Sawtooth Solutions LLC purchased a new position in Casella Waste Systems during the second quarter worth about $212,000. Finally, Meeder Asset Management Inc. raised its holdings in Casella Waste Systems by 328.5% during the second quarter. Meeder Asset Management Inc. now owns 8,921 shares of the industrial products company’s stock worth $228,000 after purchasing an additional 6,839 shares in the last quarter. 84.60% of the stock is owned by hedge funds and other institutional investors.

Casella Waste Systems Company Profile

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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