Casella Waste Systems, Inc. (NASDAQ:CWST - Get Free Report) CEO Edmond Coletta sold 377 shares of Casella Waste Systems stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $89.80, for a total value of $33,854.60. Following the completion of the sale, the chief executive officer owned 153,606 shares of the company's stock, valued at approximately $13,793,818.80. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Edmond Coletta also recently made the following trade(s):
- On Monday, March 16th, Edmond Coletta sold 988 shares of Casella Waste Systems stock. The stock was sold at an average price of $87.81, for a total value of $86,756.28.
- On Friday, February 27th, Edmond Coletta sold 3,812 shares of Casella Waste Systems stock. The shares were sold at an average price of $93.70, for a total transaction of $357,184.40.
Casella Waste Systems Stock Up 0.4%
Shares of NASDAQ CWST opened at $88.46 on Tuesday. Casella Waste Systems, Inc. has a 1 year low of $82.22 and a 1 year high of $121.24. The firm's 50-day moving average is $99.59 and its 200-day moving average is $95.29. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $5.62 billion, a PE ratio of 737.23 and a beta of 0.80.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The industrial products company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.08. Casella Waste Systems had a net margin of 0.43% and a return on equity of 5.17%. The business had revenue of $469.06 million during the quarter, compared to the consensus estimate of $471.32 million. During the same period in the previous year, the firm posted $0.41 earnings per share. Casella Waste Systems's revenue for the quarter was up 9.7% compared to the same quarter last year. Equities analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.
More Casella Waste Systems News
Here are the key news stories impacting Casella Waste Systems this week:
- Positive Sentiment: Company hired an industry executive as Chief Revenue Officer, a move that signals a renewed focus on top‑line growth and commercial execution — potentially positive for revenue acceleration. Casella Waste Systems, Inc. Announces Hiring of Industry Executive as Chief Revenue Officer
- Neutral Sentiment: CEO Edmond Coletta disclosed two small open‑market sales: 377 shares on Mar 12 (~$89.80 avg) and 988 shares on Mar 16 (~$87.81 avg). These represent fractional reductions in his holdings (0.24% and 0.64%) and are likely routine liquidity/portfolio management rather than a signal of material company‑level concerns. SEC Form 4 — CEO Sales
- Neutral Sentiment: Chief Accounting Officer Kevin Drohan reported two modest sales (85 shares on Mar 16 at ~$87.73 and 55 shares on Mar 12 at ~$89.52), reducing his stake by ~1% and under 1%, respectively — likely routine. SEC Form 4 — CAO Sales
- Negative Sentiment: Director John W. Casella executed larger sales: 1,744 shares on Mar 16 (~$87.77 avg, a 5.36% reduction) and 963 shares on Mar 12 (~$90.06 avg, a 2.87% reduction). Director sales of this magnitude can weigh on investor sentiment because they reduce an insider's ownership stake more noticeably. SEC Form 4 — Director Sales
- Negative Sentiment: CFO Bradford John Helgeson sold 405 shares on Mar 16 at an average of ~$87.73, a reduction of ~5.23% of his holdings — a more sizable cut from a senior financial officer that may prompt investor questions about timing or motivation. SEC Form 4 — CFO Sale
Institutional Investors Weigh In On Casella Waste Systems
Hedge funds and other institutional investors have recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC bought a new stake in shares of Casella Waste Systems in the third quarter worth $2,707,000. Impax Asset Management Group plc grew its position in Casella Waste Systems by 33.3% in the third quarter. Impax Asset Management Group plc now owns 80,000 shares of the industrial products company's stock valued at $7,590,000 after purchasing an additional 20,000 shares in the last quarter. UniSuper Management Pty Ltd increased its stake in Casella Waste Systems by 40.9% in the 3rd quarter. UniSuper Management Pty Ltd now owns 102,003 shares of the industrial products company's stock valued at $9,678,000 after buying an additional 29,605 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Casella Waste Systems by 14.3% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 81,417 shares of the industrial products company's stock valued at $7,725,000 after buying an additional 10,207 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in Casella Waste Systems by 72.1% during the 3rd quarter. Voya Investment Management LLC now owns 536,376 shares of the industrial products company's stock worth $50,891,000 after buying an additional 224,691 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. Jefferies Financial Group set a $120.00 price target on Casella Waste Systems and gave the company a "buy" rating in a research note on Tuesday, January 6th. Zacks Research raised Casella Waste Systems from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 1st. Weiss Ratings downgraded Casella Waste Systems from a "hold (c-)" rating to a "sell (d)" rating in a report on Monday, February 23rd. UBS Group cut their target price on Casella Waste Systems from $140.00 to $130.00 and set a "buy" rating on the stock in a research note on Tuesday, March 10th. Finally, JPMorgan Chase & Co. reduced their target price on Casella Waste Systems from $112.00 to $110.00 and set a "neutral" rating on the stock in a report on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Casella Waste Systems has a consensus rating of "Moderate Buy" and an average price target of $113.11.
View Our Latest Research Report on Casella Waste Systems
Casella Waste Systems Company Profile
(
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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