Casella Waste Systems (NASDAQ:CWST) Director Sells $201,825.80 in Stock

Casella Waste Systems, Inc. (NASDAQ:CWST) Director Michael Burke sold 2,305 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $87.56, for a total value of $201,825.80. Following the completion of the sale, the director directly owned 14,048 shares in the company, valued at $1,230,042.88. This trade represents a 14.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Casella Waste Systems Stock Performance

NASDAQ:CWST opened at $82.17 on Friday. The stock’s 50-day simple moving average is $82.95 and its 200 day simple moving average is $92.66. The firm has a market capitalization of $5.23 billion, a PE ratio of 747.07 and a beta of 0.77. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.72. Casella Waste Systems, Inc. has a twelve month low of $74.05 and a twelve month high of $118.91.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.10. The business had revenue of $457.33 million for the quarter, compared to analyst estimates of $454.49 million. Casella Waste Systems had a return on equity of 5.19% and a net margin of 0.38%.Casella Waste Systems’s revenue was up 9.6% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share. On average, analysts anticipate that Casella Waste Systems, Inc. will post 1.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Casella Waste Systems

Hedge funds have recently made changes to their positions in the stock. Hilton Head Capital Partners LLC bought a new position in shares of Casella Waste Systems during the fourth quarter worth about $25,000. Smartleaf Asset Management LLC raised its position in shares of Casella Waste Systems by 180.2% during the third quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 191 shares during the last quarter. Geneos Wealth Management Inc. raised 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 worth $27,000 after acquiring an additional 184 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Casella Waste Systems during the fourth quarter worth about $27,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Casella Waste Systems by 41.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 337 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 98 shares during the last quarter. 99.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CWST shares. Weiss Ratings reissued a “sell (d)” rating on shares of Casella Waste Systems in a research note on Friday, May 22nd. JPMorgan Chase & Co. cut their price target on Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Barclays raised Casella Waste Systems from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $101.00 to $102.00 in a research note on Monday, May 4th. Raymond James Financial reissued 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. Finally, UBS Group cut their price target on Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $111.13.

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.