Casella Waste Systems (NASDAQ:CWST) President Edmond Coletta Sells 3,812 Shares

Casella Waste Systems, Inc. (NASDAQ:CWST) President Edmond Coletta sold 3,812 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $93.70, for a total value of $357,184.40. Following the completion of the transaction, the president directly owned 147,091 shares in the company, valued at $13,782,426.70. The trade was a 2.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Casella Waste Systems Trading Down 1.3%

CWST stock opened at $91.92 on Tuesday. The business has a fifty day moving average price of $101.24 and a 200 day moving average price of $95.86. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. Casella Waste Systems, Inc. has a fifty-two week low of $82.22 and a fifty-two week high of $121.24. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 766.06 and a beta of 0.79.

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, topping analysts’ consensus estimates 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 company had revenue of $469.06 million for the quarter, compared to analyst estimates of $471.32 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. Analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CWST shares. UBS Group boosted their target price on shares of Casella Waste Systems from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Weiss Ratings downgraded 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 price objective on Casella Waste Systems and gave the company a “buy” rating in a research report on Tuesday, January 6th. The Goldman Sachs Group lowered their target price on Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $115.00 price target on shares of Casella Waste Systems in a research note on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $114.22.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its position in shares of 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 worth $1,035,000 after purchasing an additional 3,395 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Casella Waste Systems by 1,601.9% during the first 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 during the last quarter. Jane Street Group LLC boosted its holdings in Casella Waste Systems by 3,226.1% during the first quarter. Jane Street Group LLC now owns 69,849 shares of the industrial products company’s stock worth $7,789,000 after buying an additional 67,749 shares during the last quarter. Geneos Wealth Management Inc. grew its position 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 worth $27,000 after buying an additional 184 shares during the period. Finally, CWM LLC increased its stake in shares of Casella Waste Systems by 53.7% in the 2nd quarter. CWM LLC now owns 693 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 242 shares during the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

About Casella Waste Systems

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.