Casella Waste Systems, Inc. (NASDAQ:CWST - Get Free Report) CAO Kevin Drohan sold 675 shares of Casella Waste Systems stock in a transaction on Friday, February 27th. The stock was sold at an average price of $92.61, for a total transaction of $62,511.75. Following the sale, the chief accounting officer directly owned 7,462 shares of the company's stock, valued at approximately $691,055.82. This trade represents a 8.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Casella Waste Systems Stock Performance
NASDAQ:CWST opened at $91.92 on Tuesday. The firm has a market capitalization of $5.84 billion, a PE ratio of 766.06 and a beta of 0.79. The business's fifty day moving average price is $101.24 and its 200 day moving average price is $95.86. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.26 and a quick ratio of 1.26. Casella Waste Systems, Inc. has a 12 month low of $82.22 and a 12 month high of $121.24.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.08. The company had revenue of $469.06 million during the quarter, compared to the consensus estimate of $471.32 million. Casella Waste Systems had a return on equity of 5.17% and a net margin of 0.43%.Casella Waste Systems's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 EPS. On average, sell-side analysts anticipate that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Weiss Ratings lowered shares of Casella Waste Systems from a "hold (c-)" rating to a "sell (d)" rating in a research note on Monday, February 23rd. UBS Group upped their target price on shares of Casella Waste Systems from $135.00 to $140.00 and gave the company a "buy" rating in a report on Monday, November 3rd. Barclays increased their target price on shares of Casella Waste Systems from $95.00 to $101.00 and gave the company an "equal weight" rating in a research report on Monday, February 23rd. Jefferies Financial Group set a $120.00 price target on shares of Casella Waste Systems and gave the company a "buy" rating in a research report on Tuesday, January 6th. Finally, The Goldman Sachs Group decreased 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. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $114.22.
Check Out Our Latest Stock Report on CWST
Institutional Trading of Casella Waste Systems
Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Casella Waste Systems by 9.7% during the 4th quarter. Vanguard Group Inc. now owns 6,574,893 shares of the industrial products company's stock worth $643,945,000 after purchasing an additional 581,310 shares during the period. Wasatch Advisors LP raised its holdings in shares of Casella Waste Systems by 1.5% in the fourth 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 raised its holdings in shares of Casella Waste Systems by 7.3% in the third quarter. Conestoga Capital Advisors LLC now owns 2,876,061 shares of the industrial products company's stock valued at $272,881,000 after buying an additional 195,947 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Casella Waste Systems by 12.5% during the fourth quarter. Invesco Ltd. now owns 2,703,855 shares of the industrial products company's stock worth $264,816,000 after buying an additional 300,102 shares during the period. Finally, Capital Research Global Investors grew its holdings in shares of Casella Waste Systems by 23.7% during the fourth quarter. Capital Research Global Investors now owns 2,488,034 shares of the industrial products company's stock worth $243,678,000 after buying an additional 477,216 shares during the last quarter. Hedge funds and other institutional investors own 99.51% of the company's stock.
About Casella Waste Systems
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Get Free Report)
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.
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