Casella Waste Systems (NASDAQ:CWST) Director Douglas Casella Sells 15,157 Shares

Casella Waste Systems, Inc. (NASDAQ:CWST) Director Douglas Casella sold 15,157 shares of Casella Waste Systems stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $91.05, for a total transaction of $1,380,044.85. Following the transaction, the director directly owned 91,484 shares in the company, valued at $8,329,618.20. This represents a 14.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Casella Waste Systems Stock Performance

CWST opened at $90.72 on Friday. The company has a 50 day simple moving average of $91.86 and a two-hundred day simple moving average of $90.01. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.99 and a quick ratio of 1.38. The firm has a market cap of $5.77 billion, a P/E ratio of 1,008.11 and a beta of 0.74. Casella Waste Systems, Inc. has a 1-year low of $74.05 and a 1-year high of $107.96.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. Casella Waste Systems had a net margin of 0.29% and a return on equity of 5.32%. The firm had revenue of $543.75 million for the quarter, compared to the consensus estimate of $526.43 million. During the same period last year, the firm earned $0.36 EPS. The company’s revenue was up 16.9% on a year-over-year basis. Equities analysts forecast that Casella Waste Systems, Inc. will post 1.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Casella Waste Systems in a report on Friday, May 22nd. TD Cowen reaffirmed a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 5th. Zacks Research upgraded shares of Casella Waste Systems from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. lowered their target price on shares of Casella Waste Systems from $110.00 to $105.00 and set a “neutral” rating on the stock in a report on Monday, August 10th. Finally, Barclays upped their target price on shares of Casella Waste Systems from $102.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.75.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. increased its stake in 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. Hilton Head Capital Partners LLC bought a new stake in shares of Casella Waste Systems in the 4th quarter valued at approximately $25,000. Los Angeles Capital Management LLC bought a new stake in shares of Casella Waste Systems in the 4th quarter valued at approximately $27,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Casella Waste Systems by 235.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 285 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 200 shares during the period. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in shares of Casella Waste Systems in the 2nd quarter worth approximately $29,000. Institutional investors own 99.51% of the company’s stock.

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.