Casella Waste Systems Inc. (CWST) COO Edwin D. Johnson Sells 99,091 Shares of Stock
Casella Waste Systems Inc. (NASDAQ:CWST) COO Edwin D. Johnson sold 99,091 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $21.01, for a total transaction of $2,081,901.91. Following the completion of the sale, the chief operating officer now owns 469,500 shares in the company, valued at approximately $9,864,195. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Casella Waste Systems Inc. (NASDAQ:CWST) traded up $0.41 during trading on Friday, hitting $21.46. 333,319 shares of the stock traded hands, compared to its average volume of 261,075. The stock has a market cap of $882.48, a PE ratio of 34.41 and a beta of 0.73. Casella Waste Systems Inc. has a 1-year low of $11.15 and a 1-year high of $21.86. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of -7.91.
Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The business had revenue of $160.27 million for the quarter, compared to analysts’ expectations of $154.61 million. Casella Waste Systems had a negative net margin of 9.09% and a negative return on equity of 56.99%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 EPS. equities research analysts expect that Casella Waste Systems Inc. will post 0.64 EPS for the current fiscal year.
Several equities research analysts recently issued reports on the stock. KeyCorp restated a “buy” rating on shares of Casella Waste Systems in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of Casella Waste Systems from a “sell” rating to a “hold” rating and set a $22.00 target price on the stock in a report on Tuesday, November 7th. Stifel Nicolaus cut shares of Casella Waste Systems from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a report on Wednesday, October 4th. Finally, BidaskClub upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Casella Waste Systems presently has a consensus rating of “Buy” and a consensus target price of $18.00.
Several institutional investors have recently modified their holdings of CWST. BNP Paribas Arbitrage SA boosted its stake in shares of Casella Waste Systems by 206.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,309 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 4,922 shares during the last quarter. Alliancebernstein L.P. purchased a new position in shares of Casella Waste Systems during the 1st quarter worth $164,000. Cubist Systematic Strategies LLC purchased a new position in shares of Casella Waste Systems during the 2nd quarter worth $186,000. Tudor Investment Corp ET AL boosted its stake in shares of Casella Waste Systems by 24.5% during the 2nd quarter. Tudor Investment Corp ET AL now owns 13,374 shares of the industrial products company’s stock worth $219,000 after acquiring an additional 2,633 shares during the last quarter. Finally, Voya Investment Management LLC purchased a new position in shares of Casella Waste Systems during the 2nd quarter worth $274,000. Institutional investors and hedge funds own 79.30% of the company’s stock.
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About Casella Waste Systems
Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. It manages its solid waste operations on a geographic basis through two regional operating segments: Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations through its Recycling segment.
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