Casella Waste Systems Inc. (NASDAQ:CWST) Director Emily Nagle Green sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $46.11, for a total transaction of $115,275.00. Following the completion of the sale, the director now directly owns 30,988 shares of the company’s stock, valued at approximately $1,428,856.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
CWST stock traded up $0.47 during trading on Wednesday, hitting $46.67. The company had a trading volume of 43,129 shares, compared to its average volume of 186,789. Casella Waste Systems Inc. has a 52-week low of $24.61 and a 52-week high of $47.72. The company has a 50 day simple moving average of $43.19 and a 200-day simple moving average of $42.42. The firm has a market capitalization of $2.23 billion, a P/E ratio of 76.51 and a beta of 0.80. The company has a quick ratio of 0.84, a current ratio of 0.90 and a debt-to-equity ratio of 5.38.
Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Thursday, October 31st. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. The company had revenue of $198.55 million during the quarter, compared to analysts’ expectations of $192.60 million. Casella Waste Systems had a net margin of 1.23% and a return on equity of 50.45%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 EPS. Sell-side analysts forecast that Casella Waste Systems Inc. will post 0.85 earnings per share for the current year.
CWST has been the topic of a number of analyst reports. BidaskClub raised Casella Waste Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 21st. Jefferies Financial Group assumed coverage on Casella Waste Systems in a research note on Wednesday, November 27th. They set a “buy” rating and a $52.00 price target for the company. TheStreet cut Casella Waste Systems from a “b-” rating to a “c” rating in a report on Friday, November 1st. ValuEngine cut Casella Waste Systems from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research downgraded Casella Waste Systems from a “buy” rating to a “hold” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Casella Waste Systems presently has a consensus rating of “Buy” and an average target price of $47.00.
Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN grew its stake in Casella Waste Systems by 34.5% in the second quarter. Wells Fargo & Company MN now owns 3,515,038 shares of the industrial products company’s stock worth $139,301,000 after purchasing an additional 901,862 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of Casella Waste Systems by 1.5% in the 2nd quarter. Earnest Partners LLC now owns 2,281,869 shares of the industrial products company’s stock worth $90,430,000 after buying an additional 33,545 shares during the period. Vanguard Group Inc. grew its position in shares of Casella Waste Systems by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,177,365 shares of the industrial products company’s stock worth $86,290,000 after buying an additional 109,826 shares in the last quarter. Invesco Ltd. grew its position in shares of Casella Waste Systems by 116.2% during the 2nd quarter. Invesco Ltd. now owns 1,674,960 shares of the industrial products company’s stock worth $66,378,000 after buying an additional 900,264 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in shares of Casella Waste Systems by 1.7% during the second quarter. Macquarie Group Ltd. now owns 1,508,847 shares of the industrial products company’s stock valued at $59,795,000 after buying an additional 25,642 shares during the period. 92.33% of the stock is owned by hedge funds and other institutional investors.
Casella Waste Systems Company Profile
Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the northeastern United States. The company operates through Eastern, Western, Recycling, and Other segments. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers.
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