Casella Waste Systems (NASDAQ:CWST) Hits New 52-Week High at $108.69

Casella Waste Systems, Inc. (NASDAQ:CWST)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $108.69 and last traded at $108.39, with a volume of 17961 shares trading hands. The stock had previously closed at $108.06.

Wall Street Analyst Weigh In

Several brokerages have commented on CWST. Deutsche Bank Aktiengesellschaft began coverage on shares of Casella Waste Systems in a research note on Thursday, May 23rd. They issued a “hold” rating and a $106.00 price target on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $117.00 price target (up from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Casella Waste Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.75.

Casella Waste Systems Price Performance

The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 325.06, a P/E/G ratio of 9.08 and a beta of 0.99. The company has a fifty day moving average price of $104.89 and a two-hundred day moving average price of $99.39. The company has a quick ratio of 1.51, a current ratio of 1.58 and a debt-to-equity ratio of 0.94.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.06). The firm had revenue of $377.20 million during the quarter, compared to analyst estimates of $373.87 million. Casella Waste Systems had a net margin of 1.35% and a return on equity of 3.83%. Casella Waste Systems’s revenue was up 30.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 earnings per share. On average, equities research analysts expect that Casella Waste Systems, Inc. will post 0.57 EPS for the current fiscal year.

Institutional Investors Weigh In On Casella Waste Systems

Several large investors have recently modified their holdings of CWST. Wasatch Advisors LP acquired a new stake in shares of Casella Waste Systems in the first quarter valued at approximately $91,317,000. Capital Research Global Investors lifted its holdings in shares of Casella Waste Systems by 277.1% during the first quarter. Capital Research Global Investors now owns 723,405 shares of the industrial products company’s stock worth $71,523,000 after purchasing an additional 531,573 shares during the period. Norges Bank acquired a new stake in shares of Casella Waste Systems during the fourth quarter worth $25,106,000. Conestoga Capital Advisors LLC lifted its holdings in shares of Casella Waste Systems by 7.7% during the first quarter. Conestoga Capital Advisors LLC now owns 3,284,975 shares of the industrial products company’s stock worth $324,785,000 after purchasing an additional 235,260 shares during the period. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of Casella Waste Systems by 27.0% during the fourth quarter. Westfield Capital Management Co. LP now owns 751,553 shares of the industrial products company’s stock worth $64,228,000 after purchasing an additional 159,850 shares during the period. 99.51% of the stock is owned by institutional investors and hedge funds.

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.