Deutsche Bank Aktiengesellschaft Initiates Coverage on Casella Waste Systems (NASDAQ:CWST)

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Casella Waste Systems (NASDAQ:CWST) in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage set a “hold” rating and a $106.00 price target on the industrial products company’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 6.27% from the company’s previous close.

Several other analysts have also issued reports on the stock. Wells Fargo & Company upped their price target on shares of Casella Waste Systems from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 20th. StockNews.com raised shares of Casella Waste Systems from a “sell” rating to a “hold” rating in a research report on Friday, February 16th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $102.00.

Casella Waste Systems Stock Performance

Shares of CWST stock opened at $99.75 on Thursday. The company’s fifty day simple moving average is $95.74 and its 200-day simple moving average is $89.43. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.96. The firm has a market cap of $5.78 billion, a PE ratio of 321.77, a P/E/G ratio of 6.25 and a beta of 0.92. Casella Waste Systems has a 12 month low of $72.97 and a 12 month high of $100.42.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Casella Waste Systems had a net margin of 1.32% and a return on equity of 4.47%. The business had revenue of $341.00 million for the quarter, compared to analyst estimates of $340.70 million. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. Equities research analysts expect that Casella Waste Systems will post 0.79 EPS for the current fiscal year.

Insider Buying and Selling at Casella Waste Systems

In related news, President Edmond Coletta sold 8,271 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $90.30, for a total value of $746,871.30. Following the transaction, the president now directly owns 168,556 shares in the company, valued at $15,220,606.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, President Edmond Coletta sold 8,271 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $90.30, for a total value of $746,871.30. Following the transaction, the president now directly owns 168,556 shares in the company, valued at $15,220,606.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John W. Casella sold 1,673 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total transaction of $157,479.49. Following the completion of the transaction, the chief executive officer now owns 35,189 shares in the company, valued at $3,312,340.57. The disclosure for this sale can be found here. Insiders have sold a total of 11,238 shares of company stock worth $1,026,395 over the last ninety days. Insiders own 4.24% of the company’s stock.

Institutional Investors Weigh In On Casella Waste Systems

A number of large investors have recently bought and sold shares of the company. Cetera Advisors LLC acquired a new stake in Casella Waste Systems during the first quarter worth about $281,000. Virtu Financial LLC grew its stake in Casella Waste Systems by 85.8% during the first quarter. Virtu Financial LLC now owns 4,393 shares of the industrial products company’s stock worth $434,000 after buying an additional 2,029 shares in the last quarter. New Covenant Trust Company N.A. acquired a new stake in Casella Waste Systems during the first quarter worth about $26,000. Comerica Bank lifted its holdings in shares of Casella Waste Systems by 7.7% in the first quarter. Comerica Bank now owns 311,433 shares of the industrial products company’s stock worth $30,791,000 after acquiring an additional 22,384 shares during the last quarter. Finally, Castleark Management LLC lifted its holdings in shares of Casella Waste Systems by 9.2% in the first quarter. Castleark Management LLC now owns 56,930 shares of the industrial products company’s stock worth $5,629,000 after acquiring an additional 4,820 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the 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.