Key Points
- Director Douglas Casella sold 1,343 shares of Casella Waste Systems at an average price of $91.12, receiving $122,374.16. He retained 90,141 shares worth approximately $8.21 million.
- Casella reported quarterly EPS of $0.40, beating estimates by $0.04, while revenue reached $543.75 million—up 16.9% year over year and above expectations.
- Analysts maintain a consensus “Moderate Buy” rating with a $109.75 price target, while institutional investors own 99.51% of the company’s outstanding shares.
Casella Waste Systems, Inc. (NASDAQ:CWST - Get Free Report) Director Douglas Casella sold 1,343 shares of the firm's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $91.12, for a total value of $122,374.16. Following the transaction, the director directly owned 90,141 shares in the company, valued at approximately $8,213,647.92. The trade was a 1.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Casella Waste Systems Stock Down 0.3%
Casella Waste Systems stock opened at $90.72 on Friday. Casella Waste Systems, Inc. has a fifty-two week low of $74.05 and a fifty-two week high of $107.96. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.38 and a current ratio of 0.99. The company has a market capitalization of $5.77 billion, a P/E ratio of 1,008.11 and a beta of 0.74. The stock has a 50-day simple moving average of $91.86 and a 200-day simple moving average of $90.01.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its earnings results on Thursday, August 6th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.04. The firm had revenue of $543.75 million during the quarter, compared to analysts' expectations of $526.43 million. Casella Waste Systems had a return on equity of 5.32% and a net margin of 0.29%.The business's revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS. Equities research analysts expect that Casella Waste Systems, Inc. will post 1.24 earnings per share for the current year.
Institutional Trading of Casella Waste Systems
A number of hedge funds have recently added to or reduced their stakes in the stock. Ranger Investment Management L.P. purchased a new position in shares of Casella Waste Systems in the 2nd quarter valued at approximately $32,045,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of Casella Waste Systems during the second quarter worth approximately $29,000. Summit Creek Advisors LLC purchased a new stake in shares of Casella Waste Systems during the second quarter worth approximately $9,564,000. Trust Co. of Vermont acquired a new stake in shares of Casella Waste Systems during the second quarter worth $148,000. Finally, Wasatch Advisors LP lifted its holdings in shares of Casella Waste Systems by 36.8% during the second quarter. Wasatch Advisors LP now owns 3,531,594 shares of the industrial products company's stock worth $342,459,000 after purchasing an additional 949,374 shares during the period. 99.51% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the stock. Weiss Ratings restated a "sell (d)" rating on shares of Casella Waste Systems in a research report on Friday, May 22nd. Zacks Research upgraded shares of Casella Waste Systems from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 8th. UBS Group decreased their price target on shares of Casella Waste Systems from $130.00 to $122.00 and set a "buy" rating for the company in a research note on Friday, June 26th. JPMorgan Chase & Co. lowered 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 report on Monday, August 10th. Finally, TD Cowen restated a "buy" rating on shares of Casella Waste Systems in a research note on Friday, June 5th. One investment 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 given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $109.75.
Read Our Latest Stock Analysis on Casella Waste Systems
About Casella Waste Systems
(
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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