Casella Waste Systems (NASDAQ:CWST) Director Michael Burke Sells 1,100 Shares

Casella Waste Systems, Inc. (NASDAQ:CWST) Director Michael Burke sold 1,100 shares of the firm’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $92.99, for a total value of $102,289.00. Following the transaction, the director owned 14,741 shares in the company, valued at $1,370,765.59. The trade was a 6.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Casella Waste Systems Trading Up 0.3%

Shares of NASDAQ CWST opened at $93.74 on Thursday. Casella Waste Systems, Inc. has a twelve month low of $74.05 and a twelve month high of $107.96. The firm has a market cap of $5.97 billion, a PE ratio of 1,041.67 and a beta of 0.74. The business has a fifty day simple moving average of $92.57 and a two-hundred day simple moving average of $89.27. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.84.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Thursday, August 6th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $543.75 million for the quarter, compared to the consensus estimate of $526.43 million. Casella Waste Systems had a return on equity of 5.32% and a net margin of 0.29%.The business’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.36 EPS. Analysts expect that Casella Waste Systems, Inc. will post 1.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on CWST. JPMorgan Chase & Co. cut 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 research report on Monday, August 10th. TD Cowen reaffirmed a “buy” rating on shares of Casella Waste Systems in a research report on Friday, June 5th. Barclays increased their price objective on shares of Casella Waste Systems from $102.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Weiss Ratings raised shares of Casella Waste Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 14th. Finally, UBS Group reduced their price objective on shares of Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating for the company in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Casella Waste Systems currently has a consensus rating of “Moderate Buy” and an average price target of $109.75.

Hedge Funds Weigh In On Casella Waste Systems

A number of large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its position in Casella Waste Systems by 9,321.4% during the second quarter. California State Teachers Retirement System now owns 6,974,373 shares of the industrial products company’s stock valued at $676,305,000 after acquiring an additional 6,900,346 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in Casella Waste Systems by 10,865.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 990,651 shares of the industrial products company’s stock valued at $97,040,000 after acquiring an additional 981,617 shares in the last quarter. Wasatch Advisors LP grew its holdings in Casella Waste Systems by 36.8% in the second quarter. Wasatch Advisors LP now owns 3,531,594 shares of the industrial products company’s stock worth $342,459,000 after purchasing an additional 949,374 shares during the last quarter. State Street Corp grew its holdings in Casella Waste Systems by 60.7% in the fourth quarter. State Street Corp now owns 2,306,780 shares of the industrial products company’s stock worth $225,926,000 after purchasing an additional 871,761 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Casella Waste Systems by 1,106.7% during the second quarter. Alliancebernstein L.P. now owns 867,285 shares of the industrial products company’s stock worth $100,067,000 after purchasing an additional 795,414 shares in the last quarter. 99.51% of the stock is currently owned by institutional investors.

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.