Casella Waste Systems (NASDAQ:CWST) CEO Edmond Coletta Sells 377 Shares

Casella Waste Systems, Inc. (NASDAQ:CWST) CEO Edmond Coletta sold 377 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $89.80, for a total value of $33,854.60. Following the completion of the transaction, the chief executive officer owned 153,606 shares of the company’s stock, valued at approximately $13,793,818.80. This represents a 0.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Edmond Coletta also recently made the following trade(s):

• On Monday, March 16th, Edmond Coletta sold 988 shares of Casella Waste Systems stock. The stock was sold at an average price of $87.81, for a total value of $86,756.28.
• On Friday, February 27th, Edmond Coletta sold 3,812 shares of Casella Waste Systems stock. The stock was sold at an average price of $93.70, for a total transaction of $357,184.40.

Casella Waste Systems Price Performance

NASDAQ CWST traded up $0.37 during trading hours on Monday, reaching $88.46. The company’s stock had a trading volume of 537,239 shares, compared to its average volume of 760,229. The stock has a market cap of $5.62 billion, a PE ratio of 737.23 and a beta of 0.80. Casella Waste Systems, Inc. has a fifty-two week low of $82.22 and a fifty-two week high of $121.24. The company’s 50-day moving average is $99.83 and its two-hundred day moving average is $95.36. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, February 19th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. Casella Waste Systems had a net margin of 0.43% and a return on equity of 5.17%. The company had revenue of $469.06 million during the quarter, compared to analysts’ expectations of $471.32 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. Analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Institutional Investors Weigh In On Casella Waste Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Campbell & CO Investment Adviser LLC purchased a new position in shares of Casella Waste Systems during the third quarter valued at approximately $2,707,000. Impax Asset Management Group plc grew its stake in Casella Waste Systems by 33.3% in the 3rd quarter. Impax Asset Management Group plc now owns 80,000 shares of the industrial products company’s stock worth $7,590,000 after acquiring an additional 20,000 shares during the period. UniSuper Management Pty Ltd raised its holdings in Casella Waste Systems by 40.9% in the 3rd quarter. UniSuper Management Pty Ltd now owns 102,003 shares of the industrial products company’s stock valued at $9,678,000 after acquiring an additional 29,605 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Casella Waste Systems by 14.3% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 81,417 shares of the industrial products company’s stock valued at $7,725,000 after acquiring an additional 10,207 shares during the last quarter. Finally, Voya Investment Management LLC lifted its stake in shares of Casella Waste Systems by 72.1% during the 3rd quarter. Voya Investment Management LLC now owns 536,376 shares of the industrial products company’s stock worth $50,891,000 after purchasing an additional 224,691 shares during the period. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CWST shares. Weiss Ratings cut shares of Casella Waste Systems from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, February 23rd. JPMorgan Chase & Co. reduced their target price on Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Zacks Research upgraded Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Barclays raised their price target on Casella Waste Systems from $95.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Finally, UBS Group cut their price target on Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $113.11.

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.