Douglas Casella Sells 15,157 Shares of Casella Waste Systems (NASDAQ:CWST) Stock

Casella Waste Systems, Inc. (NASDAQ:CWST) Director Douglas Casella sold 15,157 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $91.05, for a total transaction of $1,380,044.85. Following the transaction, the director directly owned 91,484 shares in the company, valued at $8,329,618.20. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Casella Waste Systems Stock Down 0.3%

Shares of CWST traded down $0.31 during trading hours on Friday, hitting $90.72. The stock had a trading volume of 241,944 shares, compared to its average volume of 750,045. Casella Waste Systems, Inc. has a 1-year low of $74.05 and a 1-year high of $107.96. The firm has a market capitalization of $5.77 billion, a P/E ratio of 1,008.11 and a beta of 0.74. The firm has a 50 day simple moving average of $91.76 and a 200-day simple moving average of $90.01. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.99 and a quick ratio of 1.38.

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 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 firm’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 EPS. Sell-side analysts predict that Casella Waste Systems, Inc. will post 1.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Casella Waste Systems by 9.7% during the fourth quarter. Vanguard Group Inc. now owns 6,574,893 shares of the industrial products company’s stock valued at $643,945,000 after buying an additional 581,310 shares during the last quarter. Wasatch Advisors LP raised its position in Casella Waste Systems by 1.5% in the 4th quarter. Wasatch Advisors LP now owns 3,765,442 shares of the industrial products company’s stock valued at $368,787,000 after buying an additional 56,914 shares during the last quarter. Conestoga Capital Advisors LLC lifted its stake in Casella Waste Systems by 1.0% during the 1st quarter. Conestoga Capital Advisors LLC now owns 2,804,475 shares of the industrial products company’s stock valued at $222,507,000 after acquiring an additional 27,148 shares in the last quarter. Invesco Ltd. lifted its stake in Casella Waste Systems by 12.5% during the 4th quarter. Invesco Ltd. now owns 2,703,855 shares of the industrial products company’s stock valued at $264,816,000 after acquiring an additional 300,102 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in Casella Waste Systems by 23.7% during the 4th quarter. Capital Research Global Investors now owns 2,488,034 shares of the industrial products company’s stock worth $243,678,000 after acquiring an additional 477,216 shares during the last quarter. Institutional investors own 99.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CWST. UBS Group lowered their target price on Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. TD Cowen restated a “buy” rating on shares of Casella Waste Systems in a research note on Friday, June 5th. Weiss Ratings restated a “sell (d)” rating on shares of Casella Waste Systems in a report on Friday, May 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Casella Waste Systems from $110.00 to $105.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Barclays lifted their price objective on shares of Casella Waste Systems from $102.00 to $104.00 and gave the company an “overweight” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $109.75.

About Casella Waste Systems

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.