Key Points
- CFO Bradford John Helgeson sold 262 shares on Nov. 7 at an average price of $87.65 for $22,964.30, reducing his stake by 4.99% to 4,991 shares; the sale was disclosed in an SEC filing.
- Casella beat Q3 estimates with EPS $0.42 vs. $0.33 and revenue of $485.35M (+17.9% YoY), though profitability remains modest with a net margin of 0.64% and ROE of 4.97%.
- Analysts maintain a "Moderate Buy" consensus with an average price target of $113.75 while the stock trades near $88 and carries a high P/E of 488.11, implying perceived upside but elevated valuation.
Casella Waste Systems, Inc. (NASDAQ:CWST - Get Free Report) CFO Bradford John Helgeson sold 262 shares of Casella Waste Systems stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $87.65, for a total value of $22,964.30. Following the completion of the transaction, the chief financial officer directly owned 4,991 shares of the company's stock, valued at approximately $437,461.15. This trade represents a 4.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Casella Waste Systems Stock Down 0.2%
Shares of NASDAQ:CWST opened at $87.86 on Tuesday. Casella Waste Systems, Inc. has a 1 year low of $82.22 and a 1 year high of $121.24. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.70 and a quick ratio of 1.61. The business's 50-day moving average is $89.86 and its 200-day moving average is $103.53. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 488.11 and a beta of 0.83.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its earnings results on Thursday, October 30th. The industrial products company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.33 by $0.09. The business had revenue of $485.35 million during the quarter, compared to analysts' expectations of $477.24 million. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%.The firm's revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. Casella Waste Systems has set its FY 2025 guidance at EPS. Equities research analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.
Analyst Ratings Changes
Several analysts have recently weighed in on CWST shares. The Goldman Sachs Group lowered their price objective on shares of Casella Waste Systems from $125.00 to $111.00 and set a "buy" rating for the company in a research note on Monday, November 3rd. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $120.00 price target on shares of Casella Waste Systems in a research note on Monday, November 3rd. Barclays set a $95.00 price objective on shares of Casella Waste Systems and gave the company an "equal weight" rating in a report on Monday, November 3rd. Stifel Nicolaus started coverage on Casella Waste Systems in a research note on Monday, September 29th. They issued a "buy" rating and a $113.00 target price for the company. Finally, Loop Capital raised Casella Waste Systems from a "hold" rating to a "buy" rating and set a $88.00 target price for the company in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $113.75.
Get Our Latest Stock Report on Casella Waste Systems
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of CWST. Maseco LLP acquired a new position in shares of Casella Waste Systems during the second quarter valued at about $25,000. Ameritas Advisory Services LLC bought a new position in Casella Waste Systems in the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd boosted its stake in Casella Waste Systems by 325.5% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 217 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 166 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Casella Waste Systems by 180.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 297 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 191 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Casella Waste Systems by 301.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company's stock worth $27,000 after purchasing an additional 184 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.
About Casella Waste Systems
(
Get Free Report)
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.
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