UBS initiated coverage on shares of Casella Waste Systems (NASDAQ:CWST) in a report published on Wednesday, www.benzinga.com reports. The brokerage issued a neutral rating and a $25.00 price target on the industrial products company’s stock.

CWST has been the subject of a number of other reports. Stifel Nicolaus raised shares of Casella Waste Systems from a hold rating to a buy rating and set a $28.00 price target for the company in a report on Wednesday, January 24th. BidaskClub raised shares of Casella Waste Systems from a buy rating to a strong-buy rating in a report on Friday, December 29th. TheStreet raised shares of Casella Waste Systems from a d rating to a c rating in a report on Thursday, March 1st. Zacks Investment Research downgraded shares of Casella Waste Systems from a buy rating to a hold rating in a report on Friday, February 23rd. Finally, ValuEngine raised shares of Casella Waste Systems from a hold rating to a buy rating in a report on Wednesday, March 7th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $23.60.

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Shares of Casella Waste Systems (CWST) opened at $23.46 on Wednesday. Casella Waste Systems has a 1-year low of $12.25 and a 1-year high of $27.38. The company has a debt-to-equity ratio of -12.61, a current ratio of 0.95 and a quick ratio of 0.88. The firm has a market cap of $991.94, a PE ratio of -42.65 and a beta of 0.79.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Thursday, March 1st. The industrial products company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). Casella Waste Systems had a negative net margin of 3.64% and a negative return on equity of 58.61%. The business had revenue of $151.20 million during the quarter, compared to analyst estimates of $145.30 million. During the same period in the previous year, the company posted $0.05 earnings per share. Casella Waste Systems’s revenue was up 5.2% compared to the same quarter last year. equities research analysts anticipate that Casella Waste Systems will post 0.73 earnings per share for the current fiscal year.

In other Casella Waste Systems news, Vice Chairman Douglas R. Casella sold 6,978 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $26.45, for a total transaction of $184,568.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Edmond Coletta sold 25,000 shares of the business’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $23.29, for a total value of $582,250.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 125,325 shares of company stock worth $3,115,146. Corporate insiders own 11.47% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC raised its holdings in Casella Waste Systems by 11.6% during the 4th quarter. Renaissance Technologies LLC now owns 3,211,600 shares of the industrial products company’s stock worth $73,931,000 after buying an additional 333,900 shares during the period. Standard Life Aberdeen plc acquired a new stake in Casella Waste Systems during the 4th quarter worth about $51,786,000. Dimensional Fund Advisors LP raised its holdings in Casella Waste Systems by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,033,357 shares of the industrial products company’s stock worth $38,227,000 after buying an additional 16,972 shares during the period. Macquarie Group Ltd. raised its holdings in Casella Waste Systems by 51.3% during the 3rd quarter. Macquarie Group Ltd. now owns 1,550,003 shares of the industrial products company’s stock worth $29,140,000 after buying an additional 525,459 shares during the period. Finally, Millennium Management LLC raised its holdings in Casella Waste Systems by 91.1% during the 4th quarter. Millennium Management LLC now owns 712,154 shares of the industrial products company’s stock worth $16,394,000 after buying an additional 339,447 shares during the period. Hedge funds and other institutional investors own 81.59% of the company’s stock.

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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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