Casella Waste Systems Inc. (NASDAQ:CWST) Director William P. Hulligan sold 20,000 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $24.01, for a total transaction of $480,200.00. Following the completion of the sale, the director now owns 76,760 shares of the company’s stock, valued at approximately $1,843,007.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Casella Waste Systems Inc. (NASDAQ:CWST) traded up $0.03 on Wednesday, hitting $23.79. 178,106 shares of the stock were exchanged, compared to its average volume of 231,321. The company has a debt-to-equity ratio of -12.61, a current ratio of 0.95 and a quick ratio of 0.88. The stock has a market cap of $1,002.08, a P/E ratio of -43.25 and a beta of 0.79. Casella Waste Systems Inc. has a 1-year low of $12.25 and a 1-year high of $27.38.
Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Thursday, March 1st. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). Casella Waste Systems had a negative net margin of 3.64% and a negative return on equity of 58.61%. The company had revenue of $151.20 million during the quarter, compared to analysts’ expectations of $145.30 million. During the same quarter in the prior year, the business earned $0.05 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. equities analysts forecast that Casella Waste Systems Inc. will post 0.73 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of the business. Fairpointe Capital LLC purchased a new position in Casella Waste Systems during the 4th quarter valued at about $1,917,000. MetLife Investment Advisors LLC purchased a new position in Casella Waste Systems during the 4th quarter valued at about $464,000. Gotham Asset Management LLC purchased a new position in Casella Waste Systems during the 4th quarter valued at about $340,000. Metropolitan Life Insurance Co. NY purchased a new position in Casella Waste Systems during the 4th quarter valued at about $299,000. Finally, Millennium Management LLC increased its holdings in Casella Waste Systems by 91.1% during the 4th quarter. Millennium Management LLC now owns 712,154 shares of the industrial products company’s stock valued at $16,394,000 after acquiring an additional 339,447 shares in the last quarter. Hedge funds and other institutional investors own 81.59% of the company’s stock.
Several research firms have recently commented on CWST. BidaskClub cut shares of Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 7th. UBS Group initiated coverage on shares of Casella Waste Systems in a report on Wednesday. They issued a “neutral” rating for the company. ValuEngine upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. TheStreet upgraded shares of Casella Waste Systems from a “d” rating to a “c” rating in a report on Thursday, March 1st. Finally, Zacks Investment Research upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $23.25.
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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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