Edmond Coletta Sells 3,812 Shares of Casella Waste Systems (NASDAQ:CWST) Stock

Casella Waste Systems, Inc. (NASDAQ:CWST) President Edmond Coletta sold 3,812 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $93.70, for a total transaction of $357,184.40. Following the completion of the transaction, the president owned 147,091 shares of the company’s stock, valued at approximately $13,782,426.70. The trade was a 2.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Casella Waste Systems Stock Down 0.3%

Shares of NASDAQ:CWST opened at $91.64 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $5.82 billion, a PE ratio of 763.73 and a beta of 0.80. Casella Waste Systems, Inc. has a 52 week low of $82.22 and a 52 week high of $121.24. The firm has a 50 day simple moving average of $101.07 and a 200 day simple moving average of $95.81.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, February 19th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.08. The company had revenue of $469.06 million for the quarter, compared to the consensus estimate of $471.32 million. Casella Waste Systems had a net margin of 0.43% and a return on equity of 5.17%. The company’s revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 EPS. As a group, research analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Casella Waste Systems News Summary

Here are the key news stories impacting Casella Waste Systems this week:

• Positive Sentiment: Quarterly results: Casella reported a beat on EPS for the February quarter ($0.30 vs. $0.22 consensus) and ~9.7% revenue growth year-over-year—evidence of operational momentum that can support valuation despite a slim net margin. MarketBeat CWST coverage
• Positive Sentiment: Institutional accumulation: Large funds (Vanguard, Invesco, Wasatch, Capital Research, Conestoga) materially increased stakes in Q4, signaling long-term confidence and providing a steady demand base for the stock. MarketBeat institutional holdings
• Neutral Sentiment: Investor events: Management will present updates at upcoming Raymond James and J.P. Morgan investor conferences—useful for forward guidance/visibility but not an immediate fundamental change. GlobeNewswire: investor conferences
• Neutral Sentiment: Short-interest reporting appears erroneous: feeds show “0 shares” and NaN changes with a 0.0 days-to-cover metric — this is likely a data glitch and does not indicate a genuine surge in short activity. Monitor corrected filings before treating short-interest as a driver. (No external link — data flagged in recent alerts.)
• Negative Sentiment: Insider selling: CEO John W. Casella sold 6,726 shares (~$93.10 avg), President Edmond Coletta sold 3,812 shares (~$93.70 avg), and CAO Kevin Drohan sold 675 shares (~$92.61 avg) on Feb. 27. The CEO’s sale (~19% reduction in his position) is the most notable and is likely pressuring sentiment given the size and role of the seller. SEC form 4 (CEO sale)

Hedge Funds Weigh In On Casella Waste Systems

Several hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position in shares of Casella Waste Systems by 41.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 337 shares of the industrial products company’s stock worth $33,000 after buying an additional 98 shares during the last quarter. Mackenzie Financial Corp boosted its position in Casella Waste Systems by 3.9% during 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 period. Cetera Trust Company N.A grew its holdings in Casella Waste Systems by 4.9% during the second quarter. Cetera Trust Company N.A now owns 3,315 shares of the industrial products company’s stock valued at $382,000 after purchasing an additional 155 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of 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 valued at $359,000 after purchasing an additional 158 shares during the period. Finally, First Horizon Corp raised its position in shares of Casella Waste Systems by 48.6% in the fourth quarter. First Horizon Corp now owns 489 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 160 shares during the period. 99.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Barclays increased their price target on shares of Casella Waste Systems from $95.00 to $101.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Raymond James Financial reiterated a “strong-buy” rating and issued a $115.00 target price on shares of Casella Waste Systems in a research report on Monday, February 23rd. Weiss Ratings lowered shares of Casella Waste Systems from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, February 23rd. JPMorgan Chase & Co. dropped their price target on shares of 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. Finally, Zacks Research raised Casella Waste Systems from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Casella Waste Systems presently has an average rating of “Moderate Buy” and a consensus target price of $114.22.

About Casella Waste Systems

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.