Casella Waste Systems, Inc. (NASDAQ:CWST) Receives $113.80 Average Price Target from Analysts

Casella Waste Systems, Inc. (NASDAQ:CWST) has earned an average rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $113.80.

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating and cut their target price for the company from $115.00 to $113.00 in a report on Thursday, January 23rd. Stifel Nicolaus lifted their price objective on shares of Casella Waste Systems from $117.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a research note on Friday, November 1st.

Insider Buying and Selling

In related news, SVP Paul Ligon sold 1,730 shares of Casella Waste Systems stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $106.81, for a total value of $184,781.30. Following the sale, the senior vice president now directly owns 21,085 shares in the company, valued at approximately $2,252,088.85. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.24% of the stock is owned by insiders.

Hedge Funds Weigh In On Casella Waste Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mather Group LLC. lifted its holdings in Casella Waste Systems by 1,606.7% in the 4th quarter. Mather Group LLC. now owns 256 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 241 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Casella Waste Systems by 64.5% in the third quarter. GAMMA Investing LLC now owns 528 shares of the industrial products company’s stock worth $53,000 after buying an additional 207 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in Casella Waste Systems during the fourth quarter worth about $58,000. Harbor Investment Advisory LLC grew its stake in Casella Waste Systems by 30.2% during the 4th quarter. Harbor Investment Advisory LLC now owns 798 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 185 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in Casella Waste Systems by 69.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,495 shares of the industrial products company’s stock valued at $158,000 after acquiring an additional 611 shares during the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Stock Up 1.3 %

Shares of CWST stock opened at $108.94 on Tuesday. Casella Waste Systems has a twelve month low of $84.45 and a twelve month high of $114.88. The stock has a market cap of $6.90 billion, a P/E ratio of 907.83, a P/E/G ratio of 3.85 and a beta of 1.03. The stock has a 50 day moving average of $108.33 and a 200 day moving average of $105.48. The company has a current ratio of 2.55, a quick ratio of 2.48 and a debt-to-equity ratio of 0.68.

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.