Casella Waste Systems Inc. (NASDAQ:CWST) insider Edmond Coletta sold 1,255 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $34.18, for a total transaction of $42,895.90. Following the completion of the sale, the insider now directly owns 157,507 shares in the company, valued at $5,383,589.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Edmond Coletta also recently made the following trade(s):

  • On Tuesday, February 26th, Edmond Coletta sold 65,000 shares of Casella Waste Systems stock. The shares were sold at an average price of $35.03, for a total transaction of $2,276,950.00.
  • On Thursday, February 21st, Edmond Coletta sold 33,150 shares of Casella Waste Systems stock. The shares were sold at an average price of $34.60, for a total transaction of $1,146,990.00.

CWST traded down $0.11 during trading hours on Friday, hitting $34.10. 714,613 shares of the company’s stock were exchanged, compared to its average volume of 318,759. Casella Waste Systems Inc. has a 12-month low of $23.01 and a 12-month high of $36.00. The company has a market cap of $1.59 billion, a P/E ratio of 55.90 and a beta of 0.96.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, February 21st. The industrial products company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). Casella Waste Systems had a negative return on equity of 114.82% and a net margin of 0.97%. The business had revenue of $174.72 million for the quarter, compared to analysts’ expectations of $172.12 million. During the same period in the previous year, the company earned $0.11 earnings per share. Casella Waste Systems’s quarterly revenue was up 15.5% on a year-over-year basis. As a group, research analysts predict that Casella Waste Systems Inc. will post 0.8 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. increased its stake in Casella Waste Systems by 218.8% during the 4th quarter. Meeder Asset Management Inc. now owns 3,864 shares of the industrial products company’s stock worth $110,000 after buying an additional 2,652 shares during the period. Ancora Advisors LLC acquired a new position in Casella Waste Systems during the 3rd quarter worth approximately $124,000. NEXT Financial Group Inc acquired a new position in Casella Waste Systems during the 4th quarter worth approximately $129,000. Acadian Asset Management LLC acquired a new position in Casella Waste Systems during the 3rd quarter worth approximately $152,000. Finally, Advisory Services Network LLC grew its holdings in Casella Waste Systems by 133.5% during the 4th quarter. Advisory Services Network LLC now owns 6,616 shares of the industrial products company’s stock worth $188,000 after acquiring an additional 3,783 shares in the last quarter. 86.02% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on CWST shares. BidaskClub raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. Stifel Nicolaus raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating and upped their target price for the stock from $30.00 to $32.00 in a research note on Thursday, December 27th. ValuEngine downgraded shares of Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 11th. KeyCorp initiated coverage on shares of Casella Waste Systems in a research note on Monday, February 4th. They set a “sector weight” rating on the stock. Finally, Zacks Investment Research downgraded shares of Casella Waste Systems from a “hold” rating to a “sell” rating in a research note on Monday, January 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. Casella Waste Systems has an average rating of “Buy” and a consensus target price of $35.33.

TRADEMARK VIOLATION NOTICE: “Insider Selling: Casella Waste Systems Inc. (CWST) Insider Sells 1,255 Shares of Stock” was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://www.watchlistnews.com/insider-selling-casella-waste-systems-inc-cwst-insider-sells-1255-shares-of-stock/2897027.html.

About Casella Waste Systems

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically-integrated solid waste services company in the northeastern United States. The company operates through Eastern Region, Western Region, Recycling, and Other segments. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers.

See Also: How can you know how many shares are floating?

Insider Buying and Selling by Quarter for Casella Waste Systems (NASDAQ:CWST)

Receive News & Ratings for Casella Waste Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casella Waste Systems and related companies with MarketBeat.com's FREE daily email newsletter.