Casella Waste Systems Inc. (NASDAQ:CWST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “Casella Waste Systems, Inc. is a regional, integrated solid waste services company that provides collection, transfer, disposal and recycling services, generates steam and manufactures finished products utilizing recyclable materials primarily throughout the eastern portion of the United States and parts of Canada. The Company also markets recyclable metals, aluminum, plastics, paper and corrugated cardboard all processed at its facilities and recyclables purchased from third parties. “

A number of other research firms have also recently issued reports on CWST. Wedbush increased their price objective on shares of Casella Waste Systems from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Monday, November 7th. Imperial Capital upped their target price on shares of Casella Waste Systems from $8.50 to $12.00 and gave the stock an “outperform” rating in a report on Wednesday, August 3rd. Finally, First Analysis upped their target price on shares of Casella Waste Systems from $9.50 to $11.50 and gave the stock an “overweight” rating in a report on Monday, August 8th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $11.30.

Analyst Recommendations for Casella Waste Systems (NASDAQ:CWST)

Shares of Casella Waste Systems (NASDAQ:CWST) traded down 2.66% during midday trading on Monday, hitting $12.43. The stock had a trading volume of 252,524 shares. The company’s market cap is $515.70 million. The stock’s 50-day moving average price is $11.44 and its 200 day moving average price is $9.32. Casella Waste Systems has a 52 week low of $4.97 and a 52 week high of $12.85.

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In other Casella Waste Systems news, Director Gregory B. Peters sold 2,000 shares of the stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $12.77, for a total value of $25,540.00. Following the completion of the sale, the director now owns 94,670 shares in the company, valued at approximately $1,208,935.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Edmond Coletta sold 8,248 shares of the stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $12.22, for a total transaction of $100,790.56. Following the completion of the sale, the insider now owns 158,538 shares of the company’s stock, valued at approximately $1,937,334.36. The disclosure for this sale can be found here. 11.50% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Casella Waste Systems by 2.1% in the second quarter. Vanguard Group Inc. now owns 1,188,151 shares of the company’s stock valued at $9,327,000 after buying an additional 24,912 shares during the period. Dimensional Fund Advisors LP raised its stake in Casella Waste Systems by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,568,650 shares of the company’s stock valued at $12,314,000 after buying an additional 31,090 shares during the period. Acrospire Investment Management LLC raised its stake in Casella Waste Systems by 63.5% in the second quarter. Acrospire Investment Management LLC now owns 13,833 shares of the company’s stock valued at $109,000 after buying an additional 5,373 shares during the period. Nationwide Fund Advisors raised its stake in Casella Waste Systems by 4.2% in the second quarter. Nationwide Fund Advisors now owns 25,956 shares of the company’s stock valued at $204,000 after buying an additional 1,057 shares during the period. Finally, I.G. Investment Management LTD. raised its stake in Casella Waste Systems by 0.8% in the second quarter. I.G. Investment Management LTD. now owns 83,556 shares of the company’s stock valued at $656,000 after buying an additional 701 shares during the period. Hedge funds and other institutional investors own 71.47% of the company’s stock.

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, in the areas of solid waste collection and disposal, transfer, recycling and organics services. Its segments include its two regional segments, Eastern and Western regions, which provide a range of solid waste services; Recycling, which offers recycling operations and its commodity brokerage operations, and Other, including organic services, ancillary operations and industrial services.

5 Day Chart for NASDAQ:CWST

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