Casella Waste Systems (NASDAQ:CWST) CEO Sells $33,854.60 in Stock

Casella Waste Systems, Inc. (NASDAQ:CWST) CEO Edmond Coletta sold 377 shares of the business’s stock in a transaction dated 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 in the company, valued at $13,793,818.80. This trade represents a 0.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $93.70, for a total value of $357,184.40.

Casella Waste Systems Stock Performance

Shares of NASDAQ: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 has a market capitalization of $5.62 billion, a price-to-earnings ratio of 737.23 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. The stock’s fifty day moving average price is $99.83 and its 200 day moving average price is $95.36. Casella Waste Systems, Inc. has a fifty-two week low of $82.22 and a fifty-two week high of $121.24.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Thursday, February 19th. The industrial products company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.08. Casella Waste Systems had a return on equity of 5.17% and a net margin of 0.43%.The firm had revenue of $469.06 million during the quarter, compared to the consensus estimate of $471.32 million. During the same period last year, the company earned $0.41 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, equities research analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CWST shares. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $115.00 target price on shares of Casella Waste Systems in a report on Monday, February 23rd. Barclays raised their price objective on shares of Casella Waste Systems from $95.00 to $101.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. Weiss Ratings lowered Casella Waste Systems from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, February 23rd. Jefferies Financial Group set a $120.00 target price on Casella Waste Systems and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. cut 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. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Casella Waste Systems presently has a consensus rating of “Moderate Buy” and an average target price of $113.11.

Institutional Investors Weigh In On Casella Waste Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC boosted its stake in shares of Casella Waste Systems by 57.7% during the 1st quarter. AQR Capital Management LLC now owns 9,283 shares of the industrial products company’s stock worth $1,035,000 after acquiring an additional 3,395 shares in the last quarter. Jones Financial Companies Lllp increased its stake 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 valued at $603,000 after purchasing an additional 5,094 shares in the last quarter. Jane Street Group LLC increased its stake in Casella Waste Systems by 3,226.1% in 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 purchasing an additional 67,749 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings 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 last quarter. Finally, Bank of Montreal Can raised its holdings in Casella Waste Systems by 26.4% during the second quarter. Bank of Montreal Can now owns 7,550 shares of the industrial products company’s stock worth $871,000 after purchasing an additional 1,575 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors and hedge funds.

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.