Casella Waste Systems, Inc. (NASDAQ:CWST) SVP Sells $184,781.30 in Stock

Casella Waste Systems, Inc. (NASDAQ:CWST) SVP Paul Ligon sold 1,730 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $106.81, for a total value of $184,781.30. Following the transaction, the senior vice president now directly owns 21,085 shares in the company, valued at approximately $2,252,088.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Casella Waste Systems Stock Up 0.1 %

Casella Waste Systems stock opened at $106.59 on Friday. The stock has a market cap of $6.20 billion, a PE ratio of 888.25, a price-to-earnings-growth ratio of 5.80 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.48 and a current ratio of 2.55. Casella Waste Systems, Inc. has a one year low of $77.38 and a one year high of $109.08. The stock has a fifty day moving average of $102.34 and a 200 day moving average of $100.88.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The company had revenue of $411.63 million during the quarter, compared to analysts’ expectations of $412.59 million. Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 EPS. As a group, sell-side analysts predict that Casella Waste Systems, Inc. will post 0.67 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CWST. Raymond James upped their price target on Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a report on Thursday, September 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $117.00 price target (up from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lowered their price target on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, William Blair began coverage on Casella Waste Systems in a research report on Thursday, October 3rd. They set an “outperform” rating for the company. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Casella Waste Systems has an average rating of “Moderate Buy” and a consensus price target of $111.50.

Institutional Trading of Casella Waste Systems

Hedge funds and other institutional investors have recently bought and sold shares of the stock. New Covenant Trust Company N.A. purchased a new stake in Casella Waste Systems in the first quarter worth about $26,000. Opal Wealth Advisors LLC purchased a new stake in Casella Waste Systems in the second quarter worth about $29,000. GAMMA Investing LLC increased its position in Casella Waste Systems by 76.4% in the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock worth $32,000 after buying an additional 139 shares in the last quarter. Whittier Trust Co. purchased a new stake in Casella Waste Systems in the first quarter worth about $41,000. Finally, Mark Sheptoff Financial Planning LLC increased its position in Casella Waste Systems by 100.0% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,000 shares of the industrial products company’s stock worth $99,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.