Casella Waste Systems (NASDAQ:CWST) CEO Sells $1,119,500.00 in Stock

Casella Waste Systems, Inc. (NASDAQ:CWST) CEO Edmond Coletta sold 12,500 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $89.56, for a total value of $1,119,500.00. Following the completion of the sale, the chief executive officer owned 140,118 shares in the company, valued at $12,548,968.08. This represents a 8.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, March 16th, Edmond Coletta sold 988 shares of Casella Waste Systems stock. The shares were sold at an average price of $87.81, for a total value of $86,756.28.
• On Thursday, March 12th, Edmond Coletta sold 377 shares of Casella Waste Systems stock. The shares were sold at an average price of $89.80, for a total value of $33,854.60.
• On Friday, February 27th, Edmond Coletta sold 3,812 shares of Casella Waste Systems stock. The shares were sold at an average price of $93.70, for a total value of $357,184.40.

Casella Waste Systems Trading Down 0.8%

Casella Waste Systems stock traded down $0.68 during trading on Friday, hitting $86.54. The company’s stock had a trading volume of 78,071 shares, compared to its average volume of 786,105. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 786.24 and a beta of 0.77. The stock’s fifty day moving average is $83.26 and its 200 day moving average is $92.82. Casella Waste Systems, Inc. has a 1-year low of $74.05 and a 1-year high of $118.91. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.38 and a current ratio of 1.38.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Thursday, April 30th. The industrial products company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.10 by $0.10. The firm had revenue of $457.33 million during the quarter, compared to analyst estimates of $454.49 million. Casella Waste Systems had a return on equity of 5.19% and a net margin of 0.38%.The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 earnings per share. As a group, equities research analysts predict that Casella Waste Systems, Inc. will post 1.12 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on CWST shares. Raymond James Financial reiterated a “strong-buy” rating and issued a $115.00 target price on shares of Casella Waste Systems in a research note on Monday, February 23rd. JPMorgan Chase & Co. dropped their target price on Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. Barclays upgraded Casella Waste Systems from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $101.00 to $102.00 in a research note on Monday, May 4th. UBS Group dropped their price target on Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. Finally, Weiss Ratings lowered Casella Waste Systems from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Casella Waste Systems presently has an average rating of “Moderate Buy” and an average target price of $111.13.

Institutional Investors Weigh In On Casella Waste Systems

Large investors have recently modified their holdings of the stock. Hilton Head Capital Partners LLC acquired a new stake in shares of Casella Waste Systems in the fourth quarter valued at about $25,000. Smartleaf Asset Management LLC grew its stake in shares of Casella Waste Systems by 180.2% in the third quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock valued at $27,000 after buying an additional 191 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Casella Waste Systems by 301.6% in the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after buying an additional 184 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Casella Waste Systems in the fourth quarter valued at about $27,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Casella Waste Systems by 41.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 337 shares of the industrial products company’s stock valued at $33,000 after buying an additional 98 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

About Casella Waste Systems

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.