KeyCorp started coverage on shares of Casella Waste Systems (NASDAQ:CWST) in a research report issued on Monday, February 4th, Marketbeat reports. The brokerage set a “sector weight” rating on the industrial products company’s stock. KeyCorp also issued estimates for Casella Waste Systems’ FY2018 earnings at $0.58 EPS, Q1 2019 earnings at $0.00 EPS, Q2 2019 earnings at $0.25 EPS, Q3 2019 earnings at $0.36 EPS, Q4 2019 earnings at $0.19 EPS, FY2019 earnings at $0.80 EPS, Q1 2020 earnings at $0.03 EPS, Q2 2020 earnings at $0.29 EPS, Q3 2020 earnings at $0.41 EPS, Q4 2020 earnings at $0.23 EPS and FY2020 earnings at $0.96 EPS.
CWST has been the topic of a number of other research reports. BidaskClub cut shares of Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 7th. Zacks Investment Research cut shares of Casella Waste Systems from a “hold” rating to a “sell” rating in a report on Monday, January 28th. Stifel Nicolaus upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and upped their price objective for the stock from $30.00 to $32.00 in a report on Thursday, December 27th. Finally, ValuEngine cut shares of Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. Casella Waste Systems currently has an average rating of “Buy” and an average target price of $32.75.
CWST traded up $0.51 during midday trading on Monday, reaching $35.79. The company’s stock had a trading volume of 391,986 shares, compared to its average volume of 319,989. The stock has a market cap of $1.54 billion, a PE ratio of 58.67 and a beta of 0.90. Casella Waste Systems has a 1 year low of $22.15 and a 1 year high of $36.00.
Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Thursday, February 21st. The industrial products company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.02). The business had revenue of $174.72 million during the quarter, compared to analysts’ expectations of $172.12 million. Casella Waste Systems had a negative return on equity of 103.42% and a net margin of 0.97%. Casella Waste Systems’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.11 EPS. On average, sell-side analysts forecast that Casella Waste Systems will post 0.8 EPS for the current fiscal year.
In related news, CEO John W. Casella sold 41,345 shares of the stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $34.99, for a total transaction of $1,446,661.55. Following the transaction, the chief executive officer now owns 446,030 shares in the company, valued at $15,606,589.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William P. Hulligan sold 10,000 shares of the stock in a transaction that occurred on Wednesday, December 12th. The shares were sold at an average price of $29.94, for a total transaction of $299,400.00. Following the transaction, the director now owns 59,484 shares in the company, valued at approximately $1,780,950.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 363,679 shares of company stock worth $12,638,740. Corporate insiders own 10.64% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC bought a new position in Casella Waste Systems in the second quarter worth approximately $118,000. Northern Trust Corp raised its position in Casella Waste Systems by 3.8% in the second quarter. Northern Trust Corp now owns 461,257 shares of the industrial products company’s stock worth $11,812,000 after acquiring an additional 16,682 shares during the period. United Services Automobile Association bought a new position in Casella Waste Systems in the second quarter worth approximately $2,375,000. Cookson Peirce & Co. Inc. bought a new stake in shares of Casella Waste Systems during the 3rd quarter valued at $243,000. Finally, First Trust Advisors LP raised its position in shares of Casella Waste Systems by 14.8% during the 3rd quarter. First Trust Advisors LP now owns 152,646 shares of the industrial products company’s stock valued at $4,741,000 after purchasing an additional 19,713 shares during the period. Institutional investors own 85.61% of the company’s stock.
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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