Casella Waste Systems, Inc. (NASDAQ:CWST – Get Rating)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $88.77 and last traded at $88.33, with a volume of 19721 shares. The stock had previously closed at $87.92.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on CWST. Raymond James cut their price target on shares of Casella Waste Systems from $92.00 to $90.00 and set a “strong-buy” rating on the stock in a research report on Thursday, February 23rd. Bank of America lowered shares of Casella Waste Systems from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $87.00 to $81.00 in a research note on Friday, January 13th. UBS Group raised Casella Waste Systems from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $90.00 to $95.00 in a research report on Tuesday, January 10th. Finally, StockNews.com assumed coverage on shares of Casella Waste Systems in a report on Thursday, March 16th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Casella Waste Systems has an average rating of “Moderate Buy” and a consensus price target of $90.25.
Casella Waste Systems Stock Up 1.2 %
The firm has a market capitalization of $4.60 billion, a P/E ratio of 87.25, a price-to-earnings-growth ratio of 4.46 and a beta of 0.92. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.17 and a quick ratio of 1.09. The stock has a fifty day moving average of $80.49 and a 200 day moving average of $80.23.
Insider Buying and Selling
In other news, VP Shelley E. Sayward sold 494 shares of the stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $75.65, for a total value of $37,371.10. Following the transaction, the vice president now owns 14,146 shares of the company’s stock, valued at approximately $1,070,144.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Casella Waste Systems news, SVP Paul Ligon sold 869 shares of the firm’s stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $75.65, for a total value of $65,739.85. Following the sale, the senior vice president now owns 23,981 shares of the company’s stock, valued at approximately $1,814,162.65. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Shelley E. Sayward sold 494 shares of the business’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $75.65, for a total value of $37,371.10. Following the transaction, the vice president now owns 14,146 shares in the company, valued at approximately $1,070,144.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,498 shares of company stock valued at $1,323,724. Company insiders own 5.05% of the company’s stock.
Institutional Trading of Casella Waste Systems
Several large investors have recently added to or reduced their stakes in the stock. Harbor Investment Advisory LLC increased its stake in shares of Casella Waste Systems by 25.1% in the 1st quarter. Harbor Investment Advisory LLC now owns 931 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 187 shares in the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Casella Waste Systems in the 1st quarter worth $294,000. Allworth Financial LP increased its position in Casella Waste Systems by 73.6% during the first quarter. Allworth Financial LP now owns 1,238 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 525 shares during the last quarter. Trust Investment Advisors bought a new position in shares of Casella Waste Systems in the 4th quarter worth approximately $370,000. Finally, Natixis purchased a new position in shares of Casella Waste Systems during the 4th quarter worth $1,174,000. Institutional investors own 96.77% of the company’s stock.
About Casella Waste Systems
Casella Waste Systems, Inc engages in the provision of solid waste management. It operates through the Eastern Region and Western Region geographical segments. The Eastern region segment involves the transfer, landfill, processing, and recycling assets serviced by collection operations. The Western region segment consists of waste sheds in western New York, which include the Ithaca, Elmira, Oneonta, Lowville, Potsdam, Geneva, Auburn, Rochester, Dunkirk, Jamestown and Olean markets.
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