Douglas Casella Sells 1,343 Shares of Casella Waste Systems (NASDAQ:CWST) Stock

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

Casella Waste Systems Trading Down 0.3%

NASDAQ:CWST opened at $90.72 on Friday. The stock’s 50 day moving average price is $91.86 and its 200 day moving average price is $90.01. Casella Waste Systems, Inc. has a 52 week low of $74.05 and a 52 week high of $107.96. The company has a market capitalization of $5.77 billion, a P/E ratio of 1,008.11 and a beta of 0.74. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.38 and a current ratio of 0.99.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. The firm had revenue of $543.75 million for 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 for the quarter was up 16.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 earnings per share. On average, research analysts forecast that Casella Waste Systems, Inc. will post 1.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CWST has been the subject of several analyst reports. UBS Group reduced their price objective on shares of Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating for the company in a research note on Friday, June 26th. TD Cowen restated a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 5th. Barclays boosted their price target on Casella Waste Systems from $102.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Zacks Research upgraded Casella Waste Systems from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 8th. Finally, JPMorgan Chase & Co. lowered their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $109.75.

Institutional Trading of Casella Waste Systems

Large investors have recently modified their holdings of the company. Geneos Wealth Management Inc. raised its holdings in Casella Waste Systems by 301.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 184 shares during the period. Hilton Head Capital Partners LLC bought a new stake in Casella Waste Systems during the fourth quarter valued at about $25,000. Los Angeles Capital Management LLC bought a new stake in Casella Waste Systems during the fourth quarter valued at about $27,000. EverSource Wealth Advisors LLC boosted its holdings in Casella Waste Systems by 235.3% during the second quarter. EverSource Wealth Advisors LLC now owns 285 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 200 shares during the period. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in shares of Casella Waste Systems in the second quarter valued at about $29,000. 99.51% of the stock is owned by institutional investors.

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.