According to The Fly, on Tuesday, investors received a note informing them that the rating for Casella Waste Systems (NASDAQ: CWST) had been upgraded from “neutral” to “buy.” The rating change was announced in a note sent out to investors.
The CWST has been the subject of a great number of additional reports.
On Tuesday, October 25, Jefferies Financial Group reaffirmed a “buy” rating on shares of Casella Waste Systems and set a target price of $95.00 for the company’s stock. In addition, the firm provided an outlook for the company’s future earnings at $95.00 per share. Raymond James upgraded Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a research report published on Monday, October 31. Additionally, Raymond James raised their price objective on the stock from $88.00 to $92.00. Last but not least, in a research study published on Friday, StockNews.com moved its rating for Casella Waste Systems from “hold” to “buy,” indicating a bullish sentiment toward the company. The consensus among the three financial analysts polled was that the stock should be purchased, and one of the analysts even gave the stock a strong buy rating. According to Bloomberg, the stock is currently being recommended as a “buy” by most analysts, and their average price target is $93.50.
On Tuesday morning, the price of a share of CWST was $79.32 when trading got underway. The company possesses a PE ratio of 76.27, a PEG ratio of 2.89, and a beta coefficient of 0.96, all of which contribute to its market capitalization of $4.10 billion. During the previous year, the price of Casella Waste Systems fluctuated between $63.90 and $92.75, with a low of $63.90 and a high of $92.75. The share price has averaged $81.74 over the last 50 trading days, while the price has averaged $79.85 over the last 200 trading days. The debt-to-equity ratio was calculated to be 1.19, the current ratio was calculated to be 1.18, and the quick ratio was calculated to be 1.09.
On October 27, the most recent earnings report for Casella Waste Systems, publicly traded and whose stock is denoted by the NASDAQ: CWST, was made available to the public. The maker of industrial products reported earnings per share for the quarter of $0.45, which was $0.07 higher than the estimate provided by the market, which was $0.38. The company’s sales for the quarter came in at $295.27 million, which is significantly higher than the consensus expectation of $270.48 million, which industry analysts reported. Casella Waste Systems had a return on equity of 12.97 percent, significantly higher than its net margin of 5.10 percent. The company’s quarterly revenue increased by 22.0% when measured against the results achieved during the same quarter in the preceding year. In the same period the year before, the company made $0.34 in earnings per share traded, whose stock is denoted by the symbol NASDAQ: CWST, and was made available to the public. The maker of industrial products reported earnings per share for the quarter of $0.45, which was $0.07 higher than the estimate provided by the market, which was $0.38. The company’s sales for the quarter came in at $295.27 million, which is significantly higher than the consensus expectation of $270.48 million, which industry analysts reported. Casella Waste Systems had a return on equity of 12.97 percent, significantly higher than its net margin of 5.10 percent. The company’s quarterly revenue increased by 22.0% when measured against the results achieved during the same quarter in the preceding year. The company made $0.34 in earnings per share in the same period the year before. This year, earnings per share for Casella Waste Systems are expected to come in at $1.12, according to the projections made by analysts covering the industry.
On November 7, Director Douglas R. Casella sold 23,053 shares of the company’s stock, which was done along similar lines as the previous example. This information was shared in the news. The average price paid for the stock was $81.05, and the total value of the stock transactions came to 1,868,445.65 dollars. As a result of the successful completion of the transaction, the director is now the direct owner of 158,773 shares of the company, which have an approximate value of $12,868,551.65e news. The average price paid for the stock was $81.05, and the total value of the stock transactions came to 1,868,445.65 dollars. As a result of the successful completion of the transaction, the director is now the direct owner of 158,773 shares of the company, which have an approximate value of $12,868,551.65. If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. On November 7, Director Douglas R. Casella sold 23,053 shares of the company’s stock, which was done along similar lines as the previous example. This information was shared in the news. The average price paid for the stock was $81.05, and the total value of the stock transactions came to 1,868,445.65 dollars. As a result of the successful completion of the transaction, the director is now the direct owner of 158,773 shares of the company, which have an approximate value of $12,868,551.65. If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately.
In addition, on November 10, 19,385 shares of the company’s stock were sold by John W. Casella, who had been serving as the company’s CEO. A total price of $1,582,979.10 was received for the sale of the shares, which works out to an average price of $81.66 per share. As soon as the transaction is finalized, the CEO will be the sole owner of 11,601 shares of company stock. Based on the current market price, this amount is equivalent to $947,337.66. Disclosures that are related to the sale might be found in this section of the website. Over the past three months, company insiders have sold 69,385 shares of company stock, resulting in a total sale value of $5,632,245. At the moment, company insiders own 5.05% of the total stock in the company.
Over the most recent few months, there has been a shift in the percentage of hedge funds and other institutional investors’ holdings in the company’s stock. During the third quarter of this year, the Public Employees Retirement System of Ohio raised the amount of Casella Waste Systems stock that it owned to a percentage that was 42.2% higher than before. The Public Employees Retirement System of Ohio now has a total of 475 shares of the stock of the industrial goods company following the purchase of an additional 141 shares during the most recent quarter. The stock of the industrial goods company has a current value of $36,000. The Vermont Trust Company completed a transaction during the second quarter of this fiscal year, which increased the total value of their ownership of Casella Waste Systems by approximately $42,000. Lazard Asset Management LLC increased its investment in Casella Waste Systems by approximately $45,000 during the third quarter as part of its overall strategy to grow its portfolio. Homestead Advisers Corp. increased the amount of Casella Waste Systems stock that it held by 25.3% during the second quarter of the fiscal year. Homestead Advisers Corp. now holds 649 shares of the industrial products company’s stock after purchasing an additional 131 shares during the most recent quarter. Based on the stock’s current price, Homestead Advisers Corp.’s holdings are worth approximately $47,000. During the second quarter, Harbor Investment Advisory LLC completed a 40.7% increase in the amount of Casella Waste Systems stock it owned compared to the previous quarter. This brings us to the conclusion of our discussion. Harbor Investment Advisory LLC now holds 843 shares of the industrial products company’s stock, worth $61,000, after purchasing an additional 244 shares during the most recent quarter. Harbor Investment Advisory LLC’s stock holdings are valued at $61,000. Institutional investors are responsible for approximately 96.77% of the total share capital held by the company.
As a vertically integrated provider of solid waste services, Casella Waste Systems, Inc. and its affiliates serve the entire northeastern region of the United States. This region includes Maine, New Hampshire, Vermont, and the Northeast. Customers can be residential, commercial, municipal, institutional, or industrial, and the company primarily offers services in solid waste collection and disposal, transfer, recycling, and organics. Resource management is one of the company’s primary areas of focus. These services can be obtained at a selection of different locations.
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