Casella Waste Systems (NASDAQ:CWST) Receives “Outperform” Rating from William Blair

William Blair reaffirmed their outperform rating on shares of Casella Waste Systems (NASDAQ:CWST) in a report published on Friday,RTT News reports.

Several other equities analysts have also weighed in on CWST. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Stifel Nicolaus increased their price target on Casella Waste Systems from $117.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Jefferies Financial Group downgraded Casella Waste Systems from a “buy” rating to a “hold” rating and lowered their price target for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Casella Waste Systems currently has an average rating of “Moderate Buy” and a consensus target price of $113.80.

Casella Waste Systems Price Performance

NASDAQ CWST opened at $111.36 on Friday. The company has a 50 day simple moving average of $107.60 and a 200-day simple moving average of $105.71. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.55 and a quick ratio of 2.48. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 928.00, a price-to-earnings-growth ratio of 3.89 and a beta of 1.04. Casella Waste Systems has a 52-week low of $84.45 and a 52-week high of $114.88.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.25. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. Equities research analysts predict that Casella Waste Systems will post 0.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Casella Waste Systems

A number of institutional investors have recently bought and sold shares of CWST. Sanctuary Advisors LLC acquired a new stake in Casella Waste Systems during the second quarter worth $331,000. Creative Planning lifted its holdings in shares of Casella Waste Systems by 16.4% during the third quarter. Creative Planning now owns 18,071 shares of the industrial products company’s stock valued at $1,798,000 after acquiring an additional 2,541 shares during the period. Raymond James & Associates lifted its holdings in shares of Casella Waste Systems by 2.8% during the third quarter. Raymond James & Associates now owns 223,992 shares of the industrial products company’s stock valued at $22,285,000 after acquiring an additional 6,206 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Casella Waste Systems by 108.0% during the third quarter. Harbor Capital Advisors Inc. now owns 66,129 shares of the industrial products company’s stock valued at $6,579,000 after acquiring an additional 34,340 shares during the period. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Casella Waste Systems by 4.9% during the third quarter. Asset Management One Co. Ltd. now owns 154,422 shares of the industrial products company’s stock valued at $15,303,000 after acquiring an additional 7,185 shares during the period. Institutional investors and hedge funds own 99.51% of the company’s stock.

About Casella Waste Systems

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.