Casella Waste Systems (NASDAQ:CWST) Price Target Lowered to $129.00 at Raymond James Financial

Casella Waste Systems (NASDAQ:CWST - Get Free Report) had its target price dropped by investment analysts at Raymond James Financial from $135.00 to $129.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "strong-buy" rating on the industrial products company's stock. Raymond James Financial's price target would suggest a potential upside of 18.58% from the stock's current price.

A number of other brokerages also recently issued reports on CWST. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. UBS Group increased their target price on Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a report on Friday, April 11th. TD Cowen assumed coverage on Casella Waste Systems in a report on Wednesday, April 9th. They issued a "buy" rating and a $130.00 target price on the stock. Finally, Cowen reissued a "buy" rating on shares of Casella Waste Systems in a report on Friday, June 6th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $123.83.

Casella Waste Systems Stock Up 0.8%

Shares of NASDAQ CWST traded up $0.91 during trading on Tuesday, reaching $108.79. The company had a trading volume of 435,331 shares, compared to its average volume of 436,950. Casella Waste Systems has a 12-month low of $91.01 and a 12-month high of $121.24. The stock has a market cap of $6.90 billion, a PE ratio of 494.52, a P/E/G ratio of 4.26 and a beta of 0.84. The business's 50-day moving average is $114.56 and its 200 day moving average is $112.47. The company has a quick ratio of 1.87, a current ratio of 1.96 and a debt-to-equity ratio of 0.72.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its earnings results on Thursday, May 1st. The industrial products company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.08. Casella Waste Systems had a return on equity of 4.69% and a net margin of 0.79%. The firm had revenue of $417.10 million for the quarter, compared to analysts' expectations of $403.64 million. During the same period in the prior year, the firm posted $0.15 earnings per share. The company's quarterly revenue was up 22.3% on a year-over-year basis. As a group, equities analysts forecast that Casella Waste Systems will post 1.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Casella Waste Systems news, President Edmond Coletta sold 5,562 shares of Casella Waste Systems stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $119.18, for a total transaction of $662,879.16. Following the completion of the sale, the president directly owned 150,093 shares of the company's stock, valued at $17,888,083.74. The trade was a 3.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.81% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Casella Waste Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Casella Waste Systems by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 6,110,529 shares of the industrial products company's stock worth $646,555,000 after purchasing an additional 123,001 shares during the last quarter. Wasatch Advisors LP raised its stake in Casella Waste Systems by 48.2% in the fourth quarter. Wasatch Advisors LP now owns 2,577,308 shares of the industrial products company's stock valued at $272,705,000 after buying an additional 838,086 shares during the last quarter. Invesco Ltd. raised its stake in Casella Waste Systems by 18.3% in the first quarter. Invesco Ltd. now owns 2,165,010 shares of the industrial products company's stock valued at $241,420,000 after buying an additional 334,790 shares during the last quarter. Wellington Management Group LLP raised its stake in Casella Waste Systems by 13.1% in the fourth quarter. Wellington Management Group LLP now owns 1,644,476 shares of the industrial products company's stock valued at $174,002,000 after buying an additional 190,023 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Casella Waste Systems by 5.5% in the first quarter. Ameriprise Financial Inc. now owns 1,479,896 shares of the industrial products company's stock valued at $165,023,000 after buying an additional 77,574 shares during the last quarter. 99.51% of the stock is owned by institutional investors.

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.