Casella Waste Systems (NASDAQ:CWST) Director Sells $122,374.16 in Stock

Casella Waste Systems, Inc. (NASDAQ:CWST) Director Douglas Casella sold 1,343 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $91.12, for a total value of $122,374.16. Following the sale, the director owned 90,141 shares of the company’s stock, valued at $8,213,647.92. This represents a 1.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Casella Waste Systems Price Performance

NASDAQ CWST opened at $90.72 on Monday. Casella Waste Systems, Inc. has a 12 month low of $74.05 and a 12 month high of $107.96. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.84. The stock has a market cap of $5.77 billion, a PE ratio of 1,008.11 and a beta of 0.74. The stock’s 50 day moving average is $91.86 and its 200 day moving average is $89.90.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $543.75 million during the quarter, compared to analyst estimates of $526.43 million. Casella Waste Systems had a net margin of 0.29% and a return on equity of 5.32%. The company’s revenue was up 16.9% on a year-over-year basis. During the same period last year, the firm posted $0.36 EPS. Research analysts predict that Casella Waste Systems, Inc. will post 1.24 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on CWST. Barclays lifted their price target on shares of Casella Waste Systems from $102.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, August 10th. TD Cowen restated a “buy” rating on shares of Casella Waste Systems in a research report on Friday, June 5th. JPMorgan Chase & Co. reduced their target price on Casella Waste Systems from $110.00 to $105.00 and set a “neutral” rating on the stock in a report on Monday, August 10th. Zacks Research upgraded Casella Waste Systems from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Casella Waste Systems in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Casella Waste Systems has an average rating of “Moderate Buy” and an average price target of $109.75.

Institutional Investors Weigh In On Casella Waste Systems

A number of hedge funds have recently bought and sold shares of CWST. EverSource Wealth Advisors LLC lifted its stake in Casella Waste Systems by 41.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 337 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 98 shares in the last quarter. Mackenzie Financial Corp grew its position in Casella Waste Systems by 3.9% in the 3rd quarter. Mackenzie Financial Corp now owns 3,975 shares of the industrial products company’s stock valued at $377,000 after acquiring an additional 149 shares in the last quarter. First Horizon Corp increased its stake in Casella Waste Systems by 48.6% during the fourth quarter. First Horizon Corp now owns 489 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 160 shares during the period. Geneos Wealth Management Inc. increased its stake in Casella Waste Systems by 301.6% during the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 184 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Casella Waste Systems by 46.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 662 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.