William Blair Reaffirms “Outperform” Rating for Casella Waste Systems (NASDAQ:CWST)

Casella Waste Systems (NASDAQ:CWST)‘s stock had its “outperform” rating restated by research analysts at William Blair in a research note issued on Friday,RTT News reports.

CWST has been the subject of several other reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Jefferies Financial Group cut shares of Casella Waste Systems from a “buy” rating to a “hold” rating and lowered their target price for the stock from $115.00 to $113.00 in a research note on Thursday, January 23rd. Finally, Stifel Nicolaus lifted their target price on shares of Casella Waste Systems from $117.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given 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 Trading Up 4.3 %

Shares of Casella Waste Systems stock opened at $111.36 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.55 and a quick ratio of 2.48. Casella Waste Systems has a 1 year low of $84.45 and a 1 year high of $114.88. The company has a market capitalization of $7.05 billion, a P/E ratio of 928.00, a P/E/G ratio of 3.89 and a beta of 1.04. The business has a 50 day moving average price of $107.60 and a 200 day moving average price of $105.73.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 EPS for the quarter, topping 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%. Sell-side analysts anticipate that Casella Waste Systems will post 0.65 EPS for the current fiscal year.

Institutional Trading of Casella Waste Systems

A number of institutional investors and hedge funds have recently made changes to their positions in CWST. Wasatch Advisors LP increased its holdings in shares of Casella Waste Systems by 48.2% during the 4th quarter. Wasatch Advisors LP now owns 2,577,308 shares of the industrial products company’s stock worth $272,705,000 after buying an additional 838,086 shares during the last quarter. Zimmer Partners LP acquired a new stake in Casella Waste Systems in the 3rd quarter valued at $50,854,000. Wellington Management Group LLP increased its holdings in Casella Waste Systems by 50.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,454,453 shares of the industrial products company’s stock valued at $144,704,000 after purchasing an additional 487,661 shares in the last quarter. Norges Bank acquired a new stake in Casella Waste Systems in the 4th quarter valued at $43,785,000. Finally, Raymond James Financial Inc. acquired a new stake in Casella Waste Systems in the 4th quarter valued at $31,326,000. 99.51% of the stock is currently 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.