Casella Waste Systems, Inc. (NASDAQ:CWST) Short Interest Update

Casella Waste Systems, Inc. (NASDAQ:CWSTGet Free Report) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 1,630,000 shares, an increase of 9.4% from the February 29th total of 1,490,000 shares. Based on an average daily volume of 290,400 shares, the short-interest ratio is presently 5.6 days.

Insider Activity

In other news, CEO John W. Casella sold 1,673 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total value of $157,479.49. Following the sale, the chief executive officer now directly owns 35,189 shares in the company, valued at approximately $3,312,340.57. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO John W. Casella sold 1,673 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total value of $157,479.49. Following the sale, the chief executive officer now directly owns 35,189 shares in the company, valued at approximately $3,312,340.57. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Edmond Coletta sold 8,271 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $90.30, for a total transaction of $746,871.30. Following the completion of the sale, the president now owns 168,556 shares in the company, valued at $15,220,606.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,238 shares of company stock worth $1,026,395. Corporate insiders own 5.05% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Operose Advisors LLC bought a new stake in Casella Waste Systems during the 3rd quarter valued at $25,000. NBC Securities Inc. bought a new stake in shares of Casella Waste Systems in the 3rd quarter worth $26,000. Headlands Technologies LLC bought a new stake in shares of Casella Waste Systems in the 3rd quarter worth $26,000. Millburn Ridgefield Corp bought a new position in Casella Waste Systems during the third quarter valued at about $27,000. Finally, Catalyst Capital Advisors LLC bought a new position in Casella Waste Systems during the third quarter valued at about $27,000. Institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Trading Down 2.3 %

Casella Waste Systems stock traded down $2.21 during mid-day trading on Tuesday, hitting $95.04. 345,193 shares of the stock were exchanged, compared to its average volume of 295,381. The company has a quick ratio of 1.46, a current ratio of 1.53 and a debt-to-equity ratio of 0.99. Casella Waste Systems has a 12 month low of $72.97 and a 12 month high of $100.29. The firm’s fifty day simple moving average is $91.91 and its two-hundred day simple moving average is $84.82. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 211.20, a PEG ratio of 6.43 and a beta of 0.90.

Casella Waste Systems (NASDAQ:CWSTGet Free Report) last released its quarterly earnings results on Friday, February 16th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.03). Casella Waste Systems had a return on equity of 5.81% and a net margin of 2.01%. The firm had revenue of $359.57 million for the quarter, compared to the consensus estimate of $360.08 million. During the same quarter in the previous year, the business posted $0.18 EPS. The firm’s revenue for the quarter was up 32.1% compared to the same quarter last year. Analysts forecast that Casella Waste Systems will post 0.77 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Casella Waste Systems from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. StockNews.com upgraded shares of Casella Waste Systems from a “sell” rating to a “hold” rating in a report on Friday, February 16th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Casella Waste Systems currently has a consensus rating of “Buy” and a consensus price target of $99.71.

Get Our Latest Stock Analysis on Casella Waste Systems

About Casella Waste Systems

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Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.

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