Casella Waste Systems’ (CWST) Buy Rating Reiterated at KeyCorp

Casella Waste Systems, Inc. (NASDAQ:CWST)‘s stock had its “buy” rating restated by investment analysts at KeyCorp in a report issued on Friday.

Other analysts have also recently issued reports about the stock. Stifel Nicolaus restated a “buy” rating and set a $19.00 target price on shares of Casella Waste Systems in a report on Friday, July 28th. BidaskClub upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Zacks Investment Research lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Barclays PLC assumed coverage on shares of Casella Waste Systems in a report on Friday, June 23rd. They set an “overweight” rating and a $19.00 target price on the stock. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $16.83.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. Casella Waste Systems had a negative net margin of 10.01% and a negative return on equity of 60.26%. The business had revenue of $154.02 million during the quarter, compared to analysts’ expectations of $149.88 million. During the same period last year, the company posted $0.12 EPS. The company’s revenue was up 6.5% on a year-over-year basis.

TRADEMARK VIOLATION WARNING: This article was first posted by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this article on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The original version of this article can be viewed at https://www.truebluetribune.com/2017/10/13/casella-waste-systems-cwst-buy-rating-reiterated-at-keycorp.html.

In other news, Director Michael K. Burke sold 31,500 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $17.93, for a total value of $564,795.00. Following the completion of the sale, the director now directly owns 116,514 shares of the company’s stock, valued at approximately $2,089,096.02. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William P. Hulligan sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $16.15, for a total transaction of $323,000.00. Following the completion of the sale, the director now directly owns 96,760 shares of the company’s stock, valued at $1,562,674. The disclosure for this sale can be found here. 11.50% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in CWST. Nationwide Fund Advisors lifted its stake in Casella Waste Systems by 130.6% during the first quarter. Nationwide Fund Advisors now owns 57,327 shares of the industrial products company’s stock valued at $809,000 after purchasing an additional 32,466 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Casella Waste Systems by 0.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 22,853 shares of the industrial products company’s stock valued at $322,000 after purchasing an additional 151 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Casella Waste Systems by 25.3% during the first quarter. Bank of New York Mellon Corp now owns 414,241 shares of the industrial products company’s stock valued at $5,845,000 after purchasing an additional 83,729 shares during the last quarter. Karp Capital Management Corp acquired a new stake in Casella Waste Systems during the first quarter valued at approximately $163,000. Finally, Sei Investments Co. lifted its stake in Casella Waste Systems by 690.9% during the first quarter. Sei Investments Co. now owns 54,889 shares of the industrial products company’s stock valued at $774,000 after purchasing an additional 47,949 shares during the last quarter. 77.40% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Casella Waste Systems (NASDAQ:CWST)

Receive News & Ratings for Casella Waste Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casella Waste Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply