Casella Waste Systems, Inc. (NASDAQ:CWST) Short Interest Update

Casella Waste Systems, Inc. (NASDAQ:CWST) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,850,000 shares, an increase of 23.3% from the February 28th total of 1,500,000 shares. Approximately 3.1% of the shares of the company are sold short. Based on an average daily volume of 352,000 shares, the short-interest ratio is presently 5.3 days.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CWST. William Blair reissued an “outperform” rating on shares of Casella Waste Systems in a report on Friday, February 14th. Stifel Nicolaus upped their price target on shares of Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $115.00 to $113.00 in a report on Thursday, January 23rd. Two 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $117.75.

Casella Waste Systems Stock Up 0.7 %

CWST stock opened at $111.51 on Tuesday. The business’s 50-day moving average price is $109.73 and its 200-day moving average price is $107.03. The stock has a market cap of $7.07 billion, a P/E ratio of 484.83, a PEG ratio of 3.86 and a beta of 1.05. The company has a quick ratio of 2.48, a current ratio of 2.00 and a debt-to-equity ratio of 0.70. Casella Waste Systems has a twelve month low of $86.41 and a twelve month high of $116.31.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.25. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. On average, equities research analysts forecast that Casella Waste Systems will post 1.16 EPS for the current year.

Institutional Investors Weigh In On Casella Waste Systems

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC boosted its stake in shares of Casella Waste Systems by 16.4% in the fourth quarter. Signaturefd LLC now owns 802 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 113 shares during the period. Summit Investment Advisors Inc. boosted its stake in Casella Waste Systems by 2.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,388 shares of the industrial products company’s stock worth $676,000 after purchasing an additional 134 shares during the period. Mackenzie Financial Corp boosted its stake in Casella Waste Systems by 4.3% in the 4th quarter. Mackenzie Financial Corp now owns 3,516 shares of the industrial products company’s stock worth $372,000 after purchasing an additional 146 shares during the period. Covestor Ltd grew its holdings in Casella Waste Systems by 124.4% during the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company’s stock valued at $29,000 after buying an additional 153 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in shares of Casella Waste Systems by 1.3% during the fourth quarter. Captrust Financial Advisors now owns 12,267 shares of the industrial products company’s stock valued at $1,298,000 after buying an additional 156 shares during the last quarter. 99.51% of the stock is owned by institutional investors.

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.