Casella Waste Systems Inc. (NASDAQ:CWST) VP Christopher Heald sold 310 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $34.18, for a total transaction of $10,595.80. Following the completion of the sale, the vice president now directly owns 70,335 shares in the company, valued at approximately $2,404,050.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Christopher Heald also recently made the following trade(s):
- On Monday, March 4th, Christopher Heald sold 1,280 shares of Casella Waste Systems stock. The shares were sold at an average price of $35.09, for a total transaction of $44,915.20.
- On Tuesday, February 26th, Christopher Heald sold 30,000 shares of Casella Waste Systems stock. The shares were sold at an average price of $35.13, for a total transaction of $1,053,900.00.
- On Thursday, February 21st, Christopher Heald sold 6,925 shares of Casella Waste Systems stock. The shares were sold at an average price of $34.60, for a total transaction of $239,605.00.
Casella Waste Systems stock traded down $0.11 during midday trading on Friday, reaching $34.10. 375,281 shares of the stock were exchanged, compared to its average volume of 318,759. The firm has a market capitalization of $1.60 billion, a PE ratio of 55.90 and a beta of 0.96. Casella Waste Systems Inc. has a 52 week low of $23.01 and a 52 week high of $36.00.
Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Thursday, February 21st. The industrial products company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.02). The firm had revenue of $174.72 million for the quarter, compared to the consensus estimate of $172.12 million. Casella Waste Systems had a negative return on equity of 114.82% and a net margin of 0.97%. The business’s revenue was up 15.5% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS. As a group, research analysts anticipate that Casella Waste Systems Inc. will post 0.8 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of CWST. First Trust Advisors LP increased its holdings in Casella Waste Systems by 14.8% during the 3rd quarter. First Trust Advisors LP now owns 152,646 shares of the industrial products company’s stock worth $4,741,000 after acquiring an additional 19,713 shares during the period. Assenagon Asset Management S.A. purchased a new position in Casella Waste Systems in the 3rd quarter worth approximately $380,000. Acadian Asset Management LLC purchased a new position in Casella Waste Systems in the 3rd quarter worth approximately $152,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Casella Waste Systems in the 3rd quarter worth approximately $678,000. Finally, GW&K Investment Management LLC grew its stake in Casella Waste Systems by 1.6% in the 3rd quarter. GW&K Investment Management LLC now owns 483,468 shares of the industrial products company’s stock worth $15,017,000 after buying an additional 7,696 shares in the last quarter. 86.02% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently issued reports on the stock. ValuEngine raised shares of Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 28th. Zacks Investment Research lowered shares of Casella Waste Systems from a “hold” rating to a “sell” rating in a report on Monday, January 28th. BidaskClub raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Thursday, February 14th. Stifel Nicolaus lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating and set a $35.00 target price on the stock. in a report on Friday, February 22nd. Finally, KeyCorp began coverage on shares of Casella Waste Systems in a report on Monday, February 4th. They set a “sector weight” rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $35.33.
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About Casella Waste Systems
Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically-integrated solid waste services company in the northeastern United States. The company operates through Eastern Region, Western Region, Recycling, and Other segments. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers.
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