John Casella Sells 1,744 Shares of Casella Waste Systems (NASDAQ:CWST) Stock

Casella Waste Systems, Inc. (NASDAQ:CWST) Director John Casella sold 1,744 shares of Casella Waste Systems stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $87.77, for a total transaction of $153,070.88. Following the completion of the transaction, the director directly owned 30,795 shares in the company, valued at approximately $2,702,877.15. This represents a 5.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Casella Waste Systems Price Performance

NASDAQ CWST opened at $88.44 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72. The company has a fifty day simple moving average of $99.29 and a 200 day simple moving average of $95.21. The company has a market cap of $5.62 billion, a P/E ratio of 737.06 and a beta of 0.80. Casella Waste Systems, Inc. has a 1 year low of $82.22 and a 1 year high of $121.24.

Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Thursday, February 19th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.08. The business had revenue of $469.06 million for the quarter, compared to analyst estimates of $471.32 million. Casella Waste Systems had a net margin of 0.43% and a return on equity of 5.17%. Casella Waste Systems’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business posted $0.41 EPS. On average, sell-side analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Hedge Funds Weigh In On Casella Waste Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in CWST. Hilton Head Capital Partners LLC acquired a new stake in shares of Casella Waste Systems during the 4th quarter worth approximately $25,000. Smartleaf Asset Management LLC increased its position in shares of Casella Waste Systems by 180.2% during the third quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 191 shares during the period. Geneos Wealth Management Inc. raised 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 purchasing an additional 184 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in Casella Waste Systems in the fourth quarter worth $27,000. Finally, First Horizon Corp bought a new position in Casella Waste Systems in the third quarter worth $31,000. 99.51% of the stock is currently owned by institutional investors.

More Casella Waste Systems News

Here are the key news stories impacting Casella Waste Systems this week:

• Positive Sentiment: Casella hired an industry executive as Chief Revenue Officer, signaling an explicit push on commercial execution and top‑line growth that could boost future revenue. Casella Waste Systems, Inc. Announces Hiring of Industry Executive as Chief Revenue Officer
• Neutral Sentiment: CEO Edmond Coletta completed small open‑market sales (377 shares on Mar 12 at ~$89.80 and 988 shares on Mar 16 at ~$87.81). These represent fractional reductions of his stake and may be routine liquidity/portfolio management rather than a signal of firm fundamentals. SEC Form 4 — CEO Sales
• Neutral Sentiment: Chief Accounting Officer Kevin Drohan reported modest sales (85 shares on Mar 16 and 55 shares on Mar 12); amounts and percentages are small and likely routine. SEC Form 4 — CAO Sales
• Negative Sentiment: Director John W. Casella sold larger blocks (1,744 shares on Mar 16 and 963 shares on Mar 12), reducing his holdings by 2.9–5.4% in those transactions — insider director sales of this size can negatively affect investor sentiment. SEC Form 4 — Director Sales
• Negative Sentiment: CFO Bradford John Helgeson sold 405 shares on Mar 16 (≈5.2% reduction of his stake). Sales by senior finance officers may raise more investor questions about timing or personal liquidity needs. SEC Form 4 — CFO Sale

Wall Street Analyst Weigh In

Several research firms recently weighed in on CWST. Barclays boosted their price objective 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. UBS Group lowered their target price on Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Weiss Ratings downgraded Casella Waste Systems from a “hold (c-)” rating to a “sell (d)” rating in a research report 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. Finally, JPMorgan Chase & Co. reduced their price objective on Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Casella Waste Systems has an average rating of “Moderate Buy” and a consensus price target 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.