Casella Waste Systems Inc. (NASDAQ:CWST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research 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. “
Other analysts have also issued reports about the company. Wedbush boosted their target price on Casella Waste Systems from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Monday, November 7th. Imperial Capital boosted their target price on Casella Waste Systems from $8.50 to $12.00 and gave the company an “outperform” rating in a research note on Wednesday, August 3rd. Finally, First Analysis boosted their target price on Casella Waste Systems from $9.50 to $11.50 and gave the company an “overweight” rating in a research note on Monday, August 8th. Two 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 stock. The company presently has a consensus rating of “Buy” and an average price target of $11.30.
Casella Waste Systems (NASDAQ:CWST) traded down 2.66% during trading on Monday, reaching $12.43. The company’s stock had a trading volume of 252,524 shares. The stock has a 50-day moving average price of $11.44 and a 200 day moving average price of $9.32. Casella Waste Systems has a 52-week low of $4.97 and a 52-week high of $12.85. The company’s market cap is $515.70 million.
In other news, insider Edmond Coletta sold 8,248 shares of the company’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $12.22, for a total value of $100,790.56. Following the completion of the transaction, the insider now directly owns 158,538 shares in the company, valued at approximately $1,937,334.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory B. Peters sold 2,000 shares of the business’s 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 directly owns 94,670 shares of the company’s stock, valued at approximately $1,208,935.90. The disclosure for this sale can be found here. 11.50% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. RMB Capital Management LLC raised its stake in Casella Waste Systems by 0.9% in the second quarter. RMB Capital Management LLC now owns 3,271,597 shares of the company’s stock worth $25,682,000 after buying an additional 29,597 shares during the period. Skylands Capital LLC raised its stake in Casella Waste Systems by 6.8% in the third quarter. Skylands Capital LLC now owns 1,697,200 shares of the company’s stock worth $17,481,000 after buying an additional 107,488 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 worth $12,314,000 after buying an additional 31,090 shares during the period. 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 worth $9,327,000 after buying an additional 24,912 shares during the period. Finally, BlackRock Fund Advisors raised its stake in Casella Waste Systems by 8.1% in the third quarter. BlackRock Fund Advisors now owns 1,083,946 shares of the company’s stock worth $11,165,000 after buying an additional 81,621 shares during the period. 71.47% of the stock is owned by institutional investors.
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.