Casella Waste Systems (NASDAQ:CWST) Director Michael Burke Sells 2,305 Shares

Casella Waste Systems, Inc. (NASDAQ:CWST) Director Michael Burke sold 2,305 shares of Casella Waste Systems stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $87.56, for a total transaction of $201,825.80. Following the sale, the director owned 14,048 shares of the company’s stock, valued at $1,230,042.88. The trade was a 14.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Casella Waste Systems Trading Down 1.0%

Shares of Casella Waste Systems stock opened at $86.24 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.38 and a quick ratio of 1.38. The firm has a fifty day moving average price of $83.11 and a 200 day moving average price of $92.76. Casella Waste Systems, Inc. has a 1 year low of $74.05 and a 1 year high of $118.91. The stock has a market cap of $5.49 billion, a PE ratio of 784.07 and a beta of 0.77.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly 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. Casella Waste Systems had a net margin of 0.38% and a return on equity of 5.19%. The company had revenue of $457.33 million for the quarter, compared to analyst estimates of $454.49 million. During the same period in the prior year, the company earned $0.19 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. Equities research analysts predict that Casella Waste Systems, Inc. will post 1.12 earnings per share for the current year.

Analyst Ratings Changes

CWST has been the subject of a number of recent analyst reports. UBS Group cut their price objective on shares of Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, March 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Casella Waste Systems in a report on Friday, May 22nd. JPMorgan Chase & Co. cut their price objective on shares of Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $115.00 price objective on shares of Casella Waste Systems in a report on Monday, February 23rd. Finally, Barclays raised shares of Casella Waste Systems from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $101.00 to $102.00 in a report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $111.13.

Institutional Trading of Casella Waste Systems

Several large investors have recently bought and sold shares of CWST. AQR Capital Management LLC grew its stake in 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 valued at $1,035,000 after acquiring an additional 3,395 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Casella Waste Systems by 1,601.9% during the 1st quarter. Jones Financial Companies Lllp now owns 5,412 shares of the industrial products company’s stock valued at $603,000 after acquiring an additional 5,094 shares in the last quarter. Jane Street Group LLC boosted its holdings 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 during the last quarter. Geneos Wealth Management Inc. boosted 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 valued at $27,000 after purchasing an additional 184 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Casella Waste Systems in the 2nd quarter valued at about $63,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.

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.