Key Points
- CEO Edmond Coletta sold 12,500 shares of Casella Waste Systems on May 19 at an average price of $89.56, totaling about $1.12 million. After the sale, he still held 140,118 shares valued at roughly $12.55 million.
- Casella reported better-than-expected quarterly results on April 30, posting EPS of $0.20 versus the $0.10 estimate and revenue of $457.33 million, up 9.6% year over year.
- Analyst sentiment remains mostly positive, with a consensus rating of “Moderate Buy” and an average price target of $111.13, though some firms recently adjusted targets and ratings mixedly.
Casella Waste Systems, Inc. (NASDAQ:CWST - Get Free Report) CEO Edmond Coletta sold 12,500 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $89.56, for a total value of $1,119,500.00. Following the sale, the chief executive officer owned 140,118 shares of the company's stock, valued at approximately $12,548,968.08. The trade was a 8.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Edmond Coletta also recently made the following trade(s):
- On Monday, March 16th, Edmond Coletta sold 988 shares of Casella Waste Systems stock. The shares were sold at an average price of $87.81, for a total value of $86,756.28.
- On Thursday, March 12th, Edmond Coletta sold 377 shares of Casella Waste Systems stock. The shares were sold at an average price of $89.80, for a total value of $33,854.60.
- On Friday, February 27th, Edmond Coletta sold 3,812 shares of Casella Waste Systems stock. The stock was sold at an average price of $93.70, for a total value of $357,184.40.
Casella Waste Systems Trading Up 0.2%
Shares of CWST opened at $87.41 on Friday. Casella Waste Systems, Inc. has a 1 year low of $74.05 and a 1 year high of $118.91. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.72. The stock has a 50 day simple moving average of $83.24 and a 200-day simple moving average of $92.79. The stock has a market cap of $5.56 billion, a PE ratio of 794.71 and a beta of 0.77.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.10. Casella Waste Systems had a return on equity of 5.19% and a net margin of 0.38%.The firm had revenue of $457.33 million during the quarter, compared to analysts' expectations of $454.49 million. During the same period last year, the firm posted $0.19 EPS. The business's revenue was up 9.6% on a year-over-year basis. On average, sell-side analysts predict that Casella Waste Systems, Inc. will post 1.12 EPS for the current fiscal year.
Institutional Investors Weigh In On Casella Waste Systems
Several institutional investors have recently made changes to their positions in the stock. Argent Capital Management LLC lifted its stake in Casella Waste Systems by 1,054.4% in the 1st quarter. Argent Capital Management LLC now owns 73,097 shares of the industrial products company's stock valued at $5,800,000 after purchasing an additional 66,765 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in Casella Waste Systems in the first quarter valued at $223,000. Amundi acquired a new stake in Casella Waste Systems in the first quarter valued at $374,000. California State Teachers Retirement System increased its holdings in Casella Waste Systems by 26.2% in the first quarter. California State Teachers Retirement System now owns 74,027 shares of the industrial products company's stock valued at $5,873,000 after purchasing an additional 15,380 shares during the period. Finally, Rithm Capital Corp. acquired a new stake in Casella Waste Systems during the 1st quarter worth about $655,000. 99.51% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on CWST shares. JPMorgan Chase & Co. reduced their price target on Casella Waste Systems from $112.00 to $110.00 and set a "neutral" rating on the stock in a research report on Monday, February 23rd. Raymond James Financial reiterated a "strong-buy" rating and set a $115.00 target price on shares of Casella Waste Systems in a report on Monday, February 23rd. Weiss Ratings lowered Casella Waste Systems from a "hold (c-)" rating to a "sell (d)" rating in a report on Monday, February 23rd. Barclays raised Casella Waste Systems from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $101.00 to $102.00 in a research report on Monday, May 4th. Finally, UBS Group lowered their target price on Casella Waste Systems from $140.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, March 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $111.13.
View Our Latest Stock Report on CWST
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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