Casella Waste Systems (NASDAQ:CWST) CFO Sells $19,250.40 in Stock

Casella Waste Systems, Inc. (NASDAQ:CWST) CFO Bradford Helgeson sold 195 shares of Casella Waste Systems stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $98.72, for a total value of $19,250.40. Following the completion of the transaction, the chief financial officer directly owned 7,147 shares in the company, valued at $705,551.84. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Casella Waste Systems Stock Performance

Shares of CWST stock opened at $100.29 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.99 and a current ratio of 0.95. Casella Waste Systems, Inc. has a fifty-two week low of $74.05 and a fifty-two week high of $107.96. The stock has a 50 day moving average price of $89.61 and a two-hundred day moving average price of $89.94. The company has a market capitalization of $6.38 billion, a P/E ratio of -557.14 and a beta of 0.71.

Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Monday, November 9th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.06). Casella Waste Systems had a positive return on equity of 5.04% and a negative net margin of 0.56%. The firm had revenue of $559.23 million during the quarter, compared to the consensus estimate of $563.17 million. During the same quarter in the prior year, the business posted $0.42 EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. Analysts expect that Casella Waste Systems, Inc. will post 1.22 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. UBS Group cut shares of Casella Waste Systems from a “buy” rating to a “neutral” rating and dropped their price target for the company from $122.00 to $95.00 in a research report on Wednesday, October 21st. Barclays boosted their price objective on shares of Casella Waste Systems from $104.00 to $109.00 and gave the company an “overweight” rating in a research report on Wednesday. Raymond James Financial restated a “strong-buy” rating and issued a $106.00 price objective on shares of Casella Waste Systems in a research report on Friday, October 9th. JPMorgan Chase & Co. upped their price objective on shares of Casella Waste Systems from $91.00 to $99.00 and gave the company a “neutral” rating in a research note on Wednesday, October 21st. Finally, Weiss Ratings lowered shares of Casella Waste Systems from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $105.80.

Hedge Funds Weigh In On Casella Waste Systems

Hedge funds have recently made changes to their positions in the business. Comprehensive Financial Planning Inc. PA bought a new position in shares of Casella Waste Systems during the second quarter valued at approximately $29,000. Public Employees Retirement System of Ohio purchased a new stake in Casella Waste Systems in the second quarter worth $36,000. Versant Capital Management Inc lifted its stake in Casella Waste Systems by 54.8% in the third quarter. Versant Capital Management Inc now owns 449 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 159 shares during the period. Harbor Investment Advisory LLC bought a new stake in Casella Waste Systems in the second quarter valued at $50,000. Finally, Pinnacle Wealth Planning Services Inc. boosted its holdings in Casella Waste Systems by 89.3% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,475 shares of the industrial products company’s stock valued at $119,000 after acquiring an additional 696 shares in the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.

About Casella Waste Systems

Casella Waste Systems is a regional solid waste services company that provides collection, transfer, disposal, recycling and resource management services. Its customers include residential, commercial, municipal and industrial clients. The company operates primarily in the northeastern United States, with services across states including Vermont, New Hampshire, New York, Maine, Massachusetts, Connecticut and Pennsylvania. Its operations also include recycling and organics services designed to recover materials and manage waste.