Casella Waste Systems Inc Sentiment Worsening on Low Stock Potential

June 14, 2018 - By Harriett Tippett

Casella Waste Systems, Inc. (NASDAQ:CWST) Logo

Sentiment for Casella Waste Systems Inc (NASDAQ:CWST)

Casella Waste Systems Inc (NASDAQ:CWST) institutional sentiment decreased to 1.05 in 2018 Q1. Its down -0.05, from 1.1 in 2017Q4. The ratio has dropped, as 63 active investment managers opened new or increased equity positions, while 60 reduced and sold positions in Casella Waste Systems Inc. The active investment managers in our partner’s database now possess: 32.67 million shares, up from 31.20 million shares in 2017Q4. Also, the number of active investment managers holding Casella Waste Systems Inc in their top 10 equity positions was flat from 2 to 2 for the same number . Sold All: 9 Reduced: 51 Increased: 42 New Position: 21.

Casella Waste Systems, Inc., together with its subsidiaries, operates as a vertically-integrated solid waste services firm in the northeastern United States. The company has market cap of $1.06 billion. The firm operates through Eastern Region, Western Region, Recycling, and Other divisions. It currently has negative earnings. 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.

The stock increased 1.06% or $0.26 during the last trading session, reaching $24.78. About 106,930 shares traded. Casella Waste Systems, Inc. (NASDAQ:CWST) has risen 75.40% since June 14, 2017 and is uptrending. It has outperformed by 62.83% the S&P500.

Analysts await Casella Waste Systems, Inc. (NASDAQ:CWST) to report earnings on August, 1. They expect $0.26 EPS, up 4.00 % or $0.01 from last year’s $0.25 per share. CWST’s profit will be $11.10M for 23.83 P/E if the $0.26 EPS becomes a reality.

Portolan Capital Management Llc holds 1.85% of its portfolio in Casella Waste Systems, Inc. for 723,294 shares. Skylands Capital Llc owns 511,200 shares or 1.58% of their US portfolio. Moreover, Eagle Boston Investment Management Inc has 1.57% invested in the company for 677,078 shares. The Ontario – Canada-based Venator Capital Management Ltd. has invested 1.56% in the stock. Teton Advisors Inc., a New York-based fund reported 599,828 shares.

Since January 1, 0001, it had 0 insider buys, and 20 sales for $5.54 million activity.

Casella Waste Systems, Inc. (NASDAQ:CWST) Ratings Coverage

Ratings analysis reveals 50% of Casella Waste’s analysts are positive. Out of 2 Wall Street analysts rating Casella Waste, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $22.0 while the high is $25. The stock’s average target of $23.50 is -5.17% below today’s ($24.78) share price. CWST was included in 3 notes of analysts from January 4, 2018. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, January 4. On Wednesday, January 24 the stock rating was upgraded by Stifel Nicolaus to “Buy”.

More recent Casella Waste Systems, Inc. (NASDAQ:CWST) news were published by: Seekingalpha.com which released: “Boston Scientific Is A Good Earnings Story – Cramer’s Lightning Round (6/13/18)” on June 14, 2018. Also Globenewswire.com published the news titled: “Casella Waste Systems, Inc. to Present at Upcoming Investor Conferences” on May 24, 2018. Prnewswire.com‘s news article titled: “Billion Dollar Waste Management Industry Undergoing Transformation for Reducing Disposal Costs” with publication date: June 07, 2018 was also an interesting one.

Casella Waste Systems, Inc. (NASDAQ:CWST) Institutional Positions Chart

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