Insider Selling: Casella Waste Systems (NASDAQ:CWST) CEO Sells $33,854.60 in Stock

Casella Waste Systems, Inc. (NASDAQ:CWST) CEO Edmond Coletta sold 377 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $89.80, for a total value of $33,854.60. Following the completion of the transaction, the chief executive officer owned 153,606 shares of the company’s stock, valued at approximately $13,793,818.80. This represents a 0.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, March 16th, Edmond Coletta sold 988 shares of Casella Waste Systems stock. The shares were sold at an average price of $87.81, for a total value of $86,756.28.
• On Friday, February 27th, Edmond Coletta sold 3,812 shares of Casella Waste Systems stock. The shares were sold at an average price of $93.70, for a total transaction of $357,184.40.

Casella Waste Systems Trading Down 2.9%

Shares of CWST stock opened at $85.91 on Thursday. The company has a market capitalization of $5.46 billion, a PE ratio of 715.98 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 business’s fifty day moving average is $99.00 and its 200 day moving average is $95.15. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, February 19th. The industrial products company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. Casella Waste Systems had a return on equity of 5.17% and a net margin of 0.43%.The business had revenue of $469.06 million for the quarter, compared to analyst estimates of $471.32 million. During the same period in the prior year, the company earned $0.41 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts anticipate that Casella Waste Systems, Inc. will post 1.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Casella Waste Systems

A number of institutional investors have recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC bought a new stake in Casella Waste Systems in the third quarter worth $2,707,000. Impax Asset Management Group plc boosted its position in Casella Waste Systems by 33.3% during the third quarter. Impax Asset Management Group plc now owns 80,000 shares of the industrial products company’s stock valued at $7,590,000 after buying an additional 20,000 shares during the period. UniSuper Management Pty Ltd grew its stake in shares of Casella Waste Systems by 40.9% during the third quarter. UniSuper Management Pty Ltd now owns 102,003 shares of the industrial products company’s stock valued at $9,678,000 after buying an additional 29,605 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Casella Waste Systems by 14.3% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 81,417 shares of the industrial products company’s stock worth $7,725,000 after buying an additional 10,207 shares during the period. Finally, Voya Investment Management LLC increased its holdings in shares of Casella Waste Systems by 72.1% in the third quarter. Voya Investment Management LLC now owns 536,376 shares of the industrial products company’s stock worth $50,891,000 after buying an additional 224,691 shares during the period. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CWST shares. Weiss Ratings cut shares of Casella Waste Systems from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, February 23rd. Jefferies Financial Group set a $120.00 price objective on shares of Casella Waste Systems and gave the stock a “buy” rating in a report on Tuesday, January 6th. Barclays increased their target price on Casella Waste Systems from $95.00 to $101.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Raymond James Financial reaffirmed 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, Zacks Research upgraded 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 given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $113.11.

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.