Bradford John Helgeson Sells 405 Shares of Casella Waste Systems (NASDAQ:CWST) Stock

Casella Waste Systems, Inc. (NASDAQ:CWST) CFO Bradford John Helgeson sold 405 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $87.73, for a total transaction of $35,530.65. Following the transaction, the chief financial officer directly owned 7,342 shares of the company’s stock, valued at $644,113.66. This trade represents a 5.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Casella Waste Systems Price Performance

Shares of CWST stock traded up $0.37 during trading hours on Monday, hitting $88.46. The stock had a trading volume of 537,239 shares, compared to its average volume of 760,229. 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 has a market capitalization of $5.62 billion, a price-to-earnings ratio of 737.23 and a beta of 0.80. Casella Waste Systems, Inc. has a one year low of $82.22 and a one year high of $121.24. The stock’s 50-day moving average price is $99.83 and its two-hundred day moving average price is $95.36.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results on Thursday, February 19th. The industrial products company reported $0.30 earnings per share for the quarter, beating 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 business had revenue of $469.06 million during the quarter, compared to analysts’ expectations of $471.32 million. During the same quarter last year, the business posted $0.41 EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities analysts forecast that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Zacks Research raised shares of Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Weiss Ratings downgraded shares of Casella Waste Systems from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, February 23rd. Barclays upped their target price 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. JPMorgan Chase & Co. lowered their price target 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. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $115.00 price target on shares of Casella Waste Systems in a research report 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 given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $113.11.

Hedge Funds Weigh In On Casella Waste Systems

Hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in Casella Waste Systems by 41.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 337 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 98 shares during the period. Mackenzie Financial Corp lifted its stake in Casella Waste Systems by 3.9% in the third quarter. Mackenzie Financial Corp now owns 3,975 shares of the industrial products company’s stock worth $377,000 after purchasing an additional 149 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Casella Waste Systems by 5.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 3,115 shares of the industrial products company’s stock worth $359,000 after purchasing an additional 158 shares during the last quarter. First Horizon Corp boosted its position in shares of Casella Waste Systems by 48.6% during the fourth quarter. First Horizon Corp now owns 489 shares of the industrial products company’s stock valued at $48,000 after buying an additional 160 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in shares of 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 valued at $27,000 after buying an additional 184 shares during the period. 99.51% of the stock is currently owned by institutional investors.

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.