Deutsche Bank Aktiengesellschaft Begins Coverage on Casella Waste Systems (NASDAQ:CWST)

Deutsche Bank Aktiengesellschaft initiated coverage on shares of Casella Waste Systems (NASDAQ:CWST) in a research report report published on Thursday morning, Marketbeat.com reports. The firm issued a hold rating and a $106.00 price objective on the industrial products company’s stock.

Several other equities analysts have also recently commented on CWST. Wells Fargo & Company increased their target price on Casella Waste Systems from $95.00 to $100.00 and gave the company an overweight rating in a research note on Tuesday, February 20th. StockNews.com raised shares of Casella Waste Systems from a sell rating to a hold rating in a report on Friday, February 16th. Two 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $102.00.

Casella Waste Systems Stock Performance

Shares of CWST stock opened at $99.75 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.58 and a quick ratio of 1.50. The company’s fifty day moving average price is $95.74 and its two-hundred day moving average price is $89.51. The firm has a market capitalization of $5.79 billion, a P/E ratio of 321.77, a P/E/G ratio of 6.19 and a beta of 0.92. Casella Waste Systems has a 12 month low of $72.97 and a 12 month high of $100.42.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Friday, April 26th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $341.00 million for the quarter, compared to analyst estimates of $340.70 million. Casella Waste Systems had a return on equity of 4.47% and a net margin of 1.32%. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 earnings per share. On average, research analysts anticipate that Casella Waste Systems will post 0.79 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, President Edmond Coletta sold 8,271 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $90.30, for a total value of $746,871.30. Following the transaction, the president now directly owns 168,556 shares in the company, valued at approximately $15,220,606.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, President Edmond Coletta sold 8,271 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $90.30, for a total transaction of $746,871.30. Following the sale, the president now directly owns 168,556 shares in the company, valued at approximately $15,220,606.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John W. Casella sold 1,673 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total value of $157,479.49. Following the transaction, the chief executive officer now owns 35,189 shares of the company’s stock, valued at approximately $3,312,340.57. The disclosure for this sale can be found here. Insiders sold a total of 11,238 shares of company stock valued at $1,026,395 over the last 90 days. 4.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CWST. Wasatch Advisors LP acquired a new position in shares of Casella Waste Systems during the first quarter worth approximately $91,317,000. Ameriprise Financial Inc. boosted its position in Casella Waste Systems by 41.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,953,863 shares of the industrial products company’s stock worth $149,080,000 after acquiring an additional 572,792 shares during the period. Capital Research Global Investors boosted its position in Casella Waste Systems by 277.1% during the 1st quarter. Capital Research Global Investors now owns 723,405 shares of the industrial products company’s stock worth $71,523,000 after acquiring an additional 531,573 shares during the period. Brown Advisory Inc. grew its stake in shares of Casella Waste Systems by 45.9% in the fourth quarter. Brown Advisory Inc. now owns 1,311,917 shares of the industrial products company’s stock worth $112,116,000 after purchasing an additional 412,812 shares in the last quarter. Finally, London Co. of Virginia increased its holdings in shares of Casella Waste Systems by 160.8% during the third quarter. London Co. of Virginia now owns 567,747 shares of the industrial products company’s stock valued at $43,319,000 after purchasing an additional 350,046 shares during the period. Institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Company Profile

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.