The stock of Casella Waste Systems Inc. (NASDAQ:CWST) hit a new 52-week high and has $18.00 target or 50.00% above today’s $12.00 share price. The 6 months bullish chart indicates low risk for the $510.09M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $18.00 price target is reached, the company will be worth $255.05 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 237,500 shares traded hands. Casella Waste Systems Inc. (NASDAQ:CWST) has risen 78.05% since April 11, 2016 and is uptrending. It has outperformed by 71.90% the S&P500.
Casella Waste Systems Inc. (NASDAQ:CWST) Ratings Coverage
Out of 6 analysts covering Casella Waste Systems Inc. (NASDAQ:CWST), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Casella Waste Systems Inc. has been the topic of 8 analyst reports since August 21, 2015 according to StockzIntelligence Inc. Wedbush maintained the shares of CWST in a report on Monday, November 7 with “Neutral” rating. Zacks upgraded it to “Buy” rating and $7 target price in Thursday, September 3 report. Zacks downgraded the shares of CWST in a report on Wednesday, August 19 to “Buy” rating. The firm has “Overweight” rating by First Analysis given on Friday, June 17. The stock of Casella Waste Systems Inc. (NASDAQ:CWST) has “Strong Buy” rating given on Tuesday, January 26 by Raymond James. The stock of Casella Waste Systems Inc. (NASDAQ:CWST) has “Buy” rating given on Monday, May 9 by Stifel Nicolaus.
According to Zacks Investment Research, “Casella Waste Systems, Inc. is a regional, integrated solid waste services company that provides collection, transfer, disposal and recycling services, generates steam and manufactures finished products utilizing recyclable materials primarily throughout the eastern portion of the United States and parts of Canada. The Company also markets recyclable metals, aluminum, plastics, paper and corrugated cardboard all processed at its facilities and recyclables purchased from third parties.”
Insitutional Activity: The institutional sentiment increased to 1.39 in 2016 Q2. Its up 0.39, from 1 in 2016Q1. The ratio improved, as 10 funds sold all Casella Waste Systems Inc. shares owned while 26 reduced positions. 15 funds bought stakes while 35 increased positions. They now own 26.83 million shares or 0.26% more from 26.76 million shares in 2016Q1.
Moreover, Bnp Paribas Arbitrage has 0% invested in Casella Waste Systems Inc. (NASDAQ:CWST) for 1,504 shares. Dimensional Fund Advsrs Lp accumulated 1.57M shares or 0.01% of the stock. Nationwide Fund Advisors last reported 0% of its portfolio in the stock. Kennedy Capital Mgmt Inc, a Missouri-based fund reported 1.14 million shares. Blackrock Limited Liability Corporation holds 19,488 shares or 0% of its portfolio. Teton Advsrs accumulated 607,228 shares or 0.43% of the stock. Parallax Volatility Advisers L P has 0% invested in the company for 3 shares. Pdts Ltd Liability Com accumulated 15,500 shares or 0.01% of the stock. Morgan Stanley holds 0% of its portfolio in Casella Waste Systems Inc. (NASDAQ:CWST) for 150,943 shares. Broadview Ltd Llc holds 96,000 shares or 0.11% of its portfolio. Rutabaga Mngmt Limited Company Ma last reported 1.89% of its portfolio in the stock. State Street Corporation holds 597,014 shares or 0% of its portfolio. Lpl Lc has 0% invested in the company for 16,005 shares. Vanguard Group holds 1.19 million shares or 0% of its portfolio. Gsa Prtn Limited Liability Partnership last reported 0.04% of its portfolio in the stock.
Insider Transactions: Since June 29, 2016, the stock had 0 insider purchases, and 6 sales for $246,073 net activity. $49,098 worth of shares were sold by Johnson Edwin D on Wednesday, June 29. Shares for $17,972 were sold by SCHMITT DAVID L on Wednesday, June 29. 5,806 shares with value of $43,917 were sold by CASELLA DOUGLAS R on Wednesday, June 29. CASELLA JOHN W had sold 9,003 shares worth $68,099 on Wednesday, June 29. The insider Heald Christopher sold 2,365 shares worth $17,889. $49,098 worth of shares were sold by Coletta Edmond on Wednesday, June 29.
More recent Casella Waste Systems Inc. (NASDAQ:CWST) news were published by: Fool.com which released: “Why Shares of Casella Waste Systems Inc. Jumped 13% in September” on October 06, 2016. Also Globenewswire.com published the news titled: “Casella Waste Systems, Inc. Announces Third Quarter 2016 Results and Updates …” on November 03, 2016. Fool.com‘s news article titled: “Why Casella Waste Systems Shares Fell nearly 12% in December” with publication date: January 10, 2016 was also an interesting one.
CWST Company Profile
Casella Waste Systems, Inc., incorporated on March 1, 1993, is a solid waste services company. The Firm provides resource management services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. The Company’s operating divisions include its two regional divisions, Eastern and Western regions, which provide a range of solid waste services; Recycling, which offers recycling activities and its commodity brokerage operations, and Other, including organic services, ancillary activities and industrial services. The Firm provides integrated solid waste services in over six states, including Vermont, New Hampshire, New York, Massachusetts, Maine and Pennsylvania. The Firm owns or operates approximately 30 solid waste collection operations, over 40 transfer stations, approximately 20 recycling facilities, over 10 Subtitle D landfills, approximately four landfill gas-to-energy facilities and a landfill permitted to accept construction and demolition (C&D) materials.