Casella Waste Systems, Inc. (NASDAQ:CWST) Short Interest Down 5.7% in December

Casella Waste Systems, Inc. (NASDAQ:CWSTGet Rating) was the recipient of a significant decrease in short interest in December. As of December 30th, there was short interest totalling 1,160,000 shares, a decrease of 5.7% from the December 15th total of 1,230,000 shares. Approximately 2.3% of the company’s stock are sold short. Based on an average daily volume of 187,200 shares, the short-interest ratio is currently 6.2 days.

Analysts Set New Price Targets

Several research firms have commented on CWST. UBS Group upgraded shares of Casella Waste Systems from a “neutral” rating to a “buy” rating and upped their price objective for the company from $90.00 to $95.00 in a report on Tuesday, January 10th. Jefferies Financial Group reiterated a “buy” rating and set a $95.00 price objective on shares of Casella Waste Systems in a report on Tuesday, October 25th. StockNews.com upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Friday, January 6th. Bank of America lowered shares of Casella Waste Systems from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $87.00 to $81.00 in a research note on Friday, January 13th. Finally, Raymond James increased their target price on shares of Casella Waste Systems from $88.00 to $92.00 and gave the company a “strong-buy” rating in a research report on Monday, October 31st. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $90.75.

Casella Waste Systems Price Performance

Shares of NASDAQ:CWST opened at $79.58 on Monday. Casella Waste Systems has a twelve month low of $63.90 and a twelve month high of $92.75. The stock has a market capitalization of $4.11 billion, a PE ratio of 76.52, a price-to-earnings-growth ratio of 3.29 and a beta of 0.96. The firm’s 50 day moving average price is $81.42 and its 200-day moving average price is $80.28. The company has a quick ratio of 1.09, a current ratio of 1.18 and a debt-to-equity ratio of 1.19.

Casella Waste Systems (NASDAQ:CWSTGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The company had revenue of $295.27 million during the quarter, compared to the consensus estimate of $270.48 million. Casella Waste Systems had a return on equity of 12.97% and a net margin of 5.10%. Casella Waste Systems’s revenue was up 22.0% on a year-over-year basis. During the same period last year, the company earned $0.34 earnings per share. Equities research analysts expect that Casella Waste Systems will post 1.12 EPS for the current year.

Insider Buying and Selling

In other news, SVP Paul Ligon sold 1,352 shares of the company’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $78.72, for a total transaction of $106,429.44. Following the completion of the transaction, the senior vice president now owns 22,088 shares of the company’s stock, valued at $1,738,767.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Casella Waste Systems news, CEO John W. Casella sold 19,385 shares of the stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $81.66, for a total value of $1,582,979.10. Following the completion of the sale, the chief executive officer now directly owns 11,601 shares in the company, valued at $947,337.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Paul Ligon sold 1,352 shares of the stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $78.72, for a total value of $106,429.44. Following the transaction, the senior vice president now owns 22,088 shares of the company’s stock, valued at $1,738,767.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,737 shares of company stock worth $5,738,675. Corporate insiders own 5.05% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CWST. Bank of New York Mellon Corp grew its position in shares of Casella Waste Systems by 7.2% in the first quarter. Bank of New York Mellon Corp now owns 238,043 shares of the industrial products company’s stock valued at $20,865,000 after purchasing an additional 16,077 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Casella Waste Systems in the first quarter valued at approximately $244,000. MetLife Investment Management LLC increased its stake in Casella Waste Systems by 54.9% during the first quarter. MetLife Investment Management LLC now owns 25,964 shares of the industrial products company’s stock worth $2,276,000 after acquiring an additional 9,202 shares during the last quarter. Synovus Financial Corp increased its stake in Casella Waste Systems by 4.3% during the first quarter. Synovus Financial Corp now owns 11,014 shares of the industrial products company’s stock worth $962,000 after acquiring an additional 456 shares during the last quarter. Finally, Blair William & Co. IL acquired a new stake in Casella Waste Systems during the first quarter worth $453,000. Hedge funds and other institutional investors own 96.77% of the company’s stock.

Casella Waste Systems Company Profile

(Get Rating)

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the northeastern United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.

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