Stifel Nicolaus downgraded shares of Casella Waste Systems, Inc. (NASDAQ:CWST) from a buy rating to a hold rating in a research report report published on Wednesday morning. Stifel Nicolaus currently has $19.00 target price on the industrial products company’s stock.

Several other brokerages also recently commented on CWST. Zacks Investment Research downgraded Casella Waste Systems from a buy rating to a hold rating in a research report on Tuesday. BidaskClub raised Casella Waste Systems from a hold rating to a buy rating in a research report on Thursday, July 13th. Finally, Barclays PLC began coverage on Casella Waste Systems in a research report on Friday, June 23rd. They issued an overweight rating and a $19.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Casella Waste Systems currently has an average rating of Hold and an average price target of $16.83.

Shares of Casella Waste Systems (CWST) traded up 4.59% on Wednesday, hitting $17.76. 601,052 shares of the stock traded hands. The firm has a 50 day moving average price of $17.49 and a 200 day moving average price of $15.78. The firm’s market cap is $746.56 million. Casella Waste Systems has a 52-week low of $10.31 and a 52-week high of $19.13.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The company had revenue of $154.02 million for the quarter, compared to analyst estimates of $149.88 million. Casella Waste Systems had a negative return on equity of 60.26% and a negative net margin of 10.01%. Casella Waste Systems’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 EPS. On average, equities analysts forecast that Casella Waste Systems will post $0.61 EPS for the current year.

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In other Casella Waste Systems news, Director Michael K. Burke sold 31,500 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $17.93, for a total value of $564,795.00. Following the transaction, the director now owns 116,514 shares of the company’s stock, valued at approximately $2,089,096.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William P. Hulligan sold 20,000 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $16.15, for a total value of $323,000.00. Following the completion of the transaction, the director now directly owns 96,760 shares in the company, valued at approximately $1,562,674. The disclosure for this sale can be found here. Corporate insiders own 11.50% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of CWST. Nationwide Fund Advisors grew its position in shares of Casella Waste Systems by 130.6% during the 1st quarter. Nationwide Fund Advisors now owns 57,327 shares of the industrial products company’s stock worth $809,000 after buying an additional 32,466 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Casella Waste Systems by 0.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 22,853 shares of the industrial products company’s stock worth $322,000 after buying an additional 151 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Casella Waste Systems by 25.3% during the 1st quarter. Bank of New York Mellon Corp now owns 414,241 shares of the industrial products company’s stock worth $5,845,000 after buying an additional 83,729 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Casella Waste Systems during the 1st quarter worth $163,000. Finally, Sei Investments Co. grew its position in shares of Casella Waste Systems by 690.9% during the 1st quarter. Sei Investments Co. now owns 54,889 shares of the industrial products company’s stock worth $774,000 after buying an additional 47,949 shares in the last quarter. 77.40% of the stock is currently owned by institutional investors and hedge funds.

About Casella Waste Systems

Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. It manages its solid waste operations on a geographic basis through two regional operating segments: Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations through its Recycling segment.

Analyst Recommendations for Casella Waste Systems (NASDAQ:CWST)

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