Casella Waste Systems (NASDAQ:CWST) Sets New 12-Month High – What’s Next?

Shares of Casella Waste Systems, Inc. (NASDAQ:CWST) reached a new 52-week high during trading on Monday . The company traded as high as $109.19 and last traded at $108.67, with a volume of 40146 shares traded. The stock had previously closed at $106.59.

Wall Street Analyst Weigh In

CWST has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a research report on Friday, November 1st. William Blair started coverage on Casella Waste Systems in a report on Thursday, October 3rd. They set an “outperform” rating for the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $117.00 price target (up from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. Finally, Raymond James increased their price objective on Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 19th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $111.50.

Casella Waste Systems Stock Up 2.2 %

The firm’s fifty day simple moving average is $102.38 and its 200 day simple moving average is $101.17. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 914.75, a PEG ratio of 6.37 and a beta of 0.99. The company has a current ratio of 2.55, a quick ratio of 2.48 and a debt-to-equity ratio of 0.68.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. The business had revenue of $411.63 million for the quarter, compared to analysts’ expectations of $412.59 million. During the same period last year, the firm earned $0.35 earnings per share. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. Sell-side analysts predict that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $106.81, for a total transaction of $184,781.30. Following the sale, the senior vice president now owns 21,085 shares in the company, valued at approximately $2,252,088.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.24% of the stock is owned by company insiders.

Institutional Trading of Casella Waste Systems

A number of large investors have recently bought and sold shares of CWST. New Covenant Trust Company N.A. acquired a new stake in shares of Casella Waste Systems during the first quarter worth about $26,000. Opal Wealth Advisors LLC acquired a new position in shares of Casella Waste Systems in the second quarter valued at approximately $29,000. GAMMA Investing LLC raised its stake in shares of Casella Waste Systems by 76.4% during the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 139 shares during the last quarter. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Casella Waste Systems by 100.0% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,000 shares of the industrial products company’s stock worth $99,000 after purchasing an additional 500 shares during the period. Finally, Liberty One Investment Management LLC acquired a new stake in shares of Casella Waste Systems during the second quarter worth $167,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

About Casella Waste Systems

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.