Price Action Alert: What’s in Casella Waste Systems Inc. After Touching 52-Week High?

Price Action Alert: What's in Casella Waste Systems Inc. After Touching 52 Week High?

The stock of Casella Waste Systems Inc. (NASDAQ:CWST) hit a new 52-week high and has $17.17 target or 38.00% above today’s $12.44 share price. The 6 months bullish chart indicates low risk for the $529.11M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $17.17 price target is reached, the company will be worth $201.06M 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 101,670 shares traded hands. Casella Waste Systems Inc. (NASDAQ:CWST) has risen 76.85% since April 15, 2016 and is uptrending. It has outperformed by 72.22% 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. The stock of Casella Waste Systems Inc. (NASDAQ:CWST) has “Buy” rating given on Thursday, September 3 by Zacks. On Monday, November 7 the stock rating was maintained by Wedbush with “Neutral”. The stock of Casella Waste Systems Inc. (NASDAQ:CWST) has “Overweight” rating given on Friday, June 17 by First Analysis. As per Monday, May 9, the company rating was upgraded by Stifel Nicolaus. As per Wednesday, August 19, the company rating was downgraded by Zacks. Raymond James upgraded the stock to “Strong Buy” rating in Tuesday, January 26 report.

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 increased, 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.
Teton last reported 0.43% of its portfolio in the stock. Trust Com Of Vermont, a Vermont-based fund reported 300 shares. Deere, a Illinois-based fund reported 11,323 shares. Arcadia Mgmt Corp Mi, a Michigan-based fund reported 4,595 shares. Invesco accumulated 0% or 63,188 shares. Acadian Asset Mgmt Lc last reported 0% of its portfolio in the stock. Moreover, Gsa Cap Prtnrs Ltd Liability Partnership has 0.04% invested in Casella Waste Systems Inc. (NASDAQ:CWST) for 93,974 shares. Morgan Stanley has invested 0% of its portfolio in Casella Waste Systems Inc. (NASDAQ:CWST). Hbk Sorce Advisory Ltd Limited Liability Company holds 0.04% of its portfolio in Casella Waste Systems Inc. (NASDAQ:CWST) for 24,255 shares. Blackrock Lc, a Delaware-based fund reported 19,488 shares. State Board Of Administration Of Florida Retirement Systems holds 0% or 17,421 shares in its portfolio. Balyasny Asset Limited Liability Company accumulated 17,382 shares or 0% of the stock. Neuberger Berman Gru Limited Liability Corporation last reported 12,000 shares in the company. Moreover, Ameriprise Fincl has 0% invested in Casella Waste Systems Inc. (NASDAQ:CWST) for 12,075 shares. Citigroup has 0% invested in the company for 19,418 shares.

Insider Transactions: Since June 29, 2016, the stock had 0 buys, and 6 sales for $246,073 net activity. $49,098 worth of shares were sold by Johnson Edwin D on Wednesday, June 29. CASELLA JOHN W had sold 9,003 shares worth $68,099. Heald Christopher had sold 2,365 shares worth $17,889 on Wednesday, June 29. Coletta Edmond sold $49,098 worth of stock or 6,491 shares. On Wednesday, June 29 the insider SCHMITT DAVID L sold $17,972. CASELLA DOUGLAS R sold $43,917 worth of stock or 5,806 shares.

More important 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 article titled: “Casella Waste Systems, Inc. Announces Third Quarter 2016 Results and Updates …”, Fool.com published: “Why Casella Waste Systems Shares Fell nearly 12% in December” on January 10, 2016. More interesting news about Casella Waste Systems Inc. (NASDAQ:CWST) was released by: Zacks.com and their article: “Will Casella Waste Systems (CWST) Crush Estimates at Its Next Earnings Report?” with publication date: October 18, 2016.

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.

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