Casella Waste Systems (NASDAQ:CWST) CEO Edmond Coletta Sells 988 Shares

Casella Waste Systems, Inc. (NASDAQ:CWST) CEO Edmond Coletta sold 988 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $87.81, for a total value of $86,756.28. Following the sale, the chief executive officer directly owned 152,618 shares in the company, valued at $13,401,386.58. This trade represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 Up 0.4%

CWST traded up $0.37 during trading on Monday, reaching $88.46. The company had a trading volume of 537,239 shares, compared to its average volume of 760,229. The firm’s 50-day simple moving average is $99.83 and its 200 day simple moving average is $95.36. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 737.23 and a beta of 0.80. Casella Waste Systems, Inc. has a 12-month low of $82.22 and a 12-month high of $121.24. 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 posted its quarterly earnings data on Thursday, February 19th. The industrial products company reported $0.30 EPS for the quarter, beating 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 analyst estimates of $471.32 million. During the same period in the prior year, the firm earned $0.41 earnings per share. The business’s quarterly revenue was up 9.7% on a year-over-year basis. Equities research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Institutional Trading of Casella Waste Systems

Hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC increased its stake in Casella Waste Systems by 57.7% in the 1st quarter. AQR Capital Management LLC now owns 9,283 shares of the industrial products company’s stock valued at $1,035,000 after buying an additional 3,395 shares during the period. Jones Financial Companies Lllp lifted its position in Casella Waste Systems by 1,601.9% in the 1st quarter. Jones Financial Companies Lllp now owns 5,412 shares of the industrial products company’s stock worth $603,000 after buying an additional 5,094 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Casella Waste Systems by 3,226.1% during the 1st quarter. Jane Street Group LLC now owns 69,849 shares of the industrial products company’s stock valued at $7,789,000 after buying an additional 67,749 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Casella Waste Systems by 301.6% during the 1st 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 during the period. Finally, Bank of Montreal Can grew its holdings in shares of Casella Waste Systems by 26.4% during the 2nd quarter. Bank of Montreal Can now owns 7,550 shares of the industrial products company’s stock valued at $871,000 after acquiring an additional 1,575 shares in the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CWST has been the subject of several research analyst reports. Weiss Ratings downgraded shares of Casella Waste Systems from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, February 23rd. Jefferies Financial Group set a $120.00 target price on shares of Casella Waste Systems and gave the company a “buy” rating in a research note on Tuesday, January 6th. UBS Group reduced their target price 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. Barclays raised their target price 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, Zacks Research upgraded Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Casella Waste Systems currently has an average rating of “Moderate Buy” and a consensus 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.