Casella Waste Systems Inc. (NASDAQ:CWST)’s share price was down 5.5% during trading on Tuesday . The stock traded as low as $38.86 and last traded at $39.08, approximately 573,658 shares were traded during mid-day trading. An increase of 97% from the average daily volume of 291,079 shares. The stock had previously closed at $41.34.

Several equities analysts have weighed in on CWST shares. Raymond James raised their target price on Casella Waste Systems from $43.00 to $52.00 and gave the stock a “strong-buy” rating in a research report on Monday, August 5th. ValuEngine cut Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded Casella Waste Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, BidaskClub downgraded Casella Waste Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $44.25.

The firm’s 50 day moving average price is $44.55 and its two-hundred day moving average price is $39.21. The company has a debt-to-equity ratio of 5.71, a current ratio of 0.88 and a quick ratio of 0.82. The stock has a market cap of $2.07 billion, a PE ratio of 64.07 and a beta of 0.85.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. Casella Waste Systems had a net margin of 2.69% and a return on equity of 76.51%. The company had revenue of $187.46 million during the quarter, compared to the consensus estimate of $184.08 million. During the same period last year, the firm earned $0.22 EPS. Casella Waste Systems’s revenue for the quarter was up 13.2% on a year-over-year basis. Analysts anticipate that Casella Waste Systems Inc. will post 0.83 earnings per share for the current year.

In related news, VP Christopher Heald bought 8,012 shares of Casella Waste Systems stock in a transaction on Wednesday, August 7th. The stock was acquired at an average price of $12.48 per share, with a total value of $99,989.76. Following the acquisition, the vice president now directly owns 50,361 shares of the company’s stock, valued at $628,505.28. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Edwin D. Johnson sold 2,700 shares of Casella Waste Systems stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $46.53, for a total value of $125,631.00. Following the transaction, the chief operating officer now directly owns 417,245 shares of the company’s stock, valued at approximately $19,414,409.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 312,256 shares of company stock worth $14,207,139. Company insiders own 9.65% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in CWST. Wells Fargo & Company MN increased its holdings in shares of Casella Waste Systems by 34.5% in the second quarter. Wells Fargo & Company MN now owns 3,515,038 shares of the industrial products company’s stock worth $139,301,000 after purchasing an additional 901,862 shares during the period. Earnest Partners LLC grew its position in Casella Waste Systems by 1.5% during the second quarter. Earnest Partners LLC now owns 2,281,869 shares of the industrial products company’s stock worth $90,430,000 after buying an additional 33,545 shares in the last quarter. Vanguard Group Inc. grew its position in Casella Waste Systems by 5.3% during the second quarter. Vanguard Group Inc. now owns 2,177,365 shares of the industrial products company’s stock worth $86,290,000 after buying an additional 109,826 shares in the last quarter. Invesco Ltd. grew its position in Casella Waste Systems by 116.2% during the second quarter. Invesco Ltd. now owns 1,674,960 shares of the industrial products company’s stock worth $66,378,000 after buying an additional 900,264 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC increased its stake in Casella Waste Systems by 31.5% in the 2nd quarter. Silvercrest Asset Management Group LLC now owns 1,477,530 shares of the industrial products company’s stock worth $58,554,000 after acquiring an additional 353,885 shares during the last quarter. Hedge funds and other institutional investors own 90.37% of the company’s stock.

About Casella Waste Systems (NASDAQ:CWST)

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the northeastern United States. The company operates through Eastern, Western, Recycling, and Other segments. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers.

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