Key Points
- Director Michael Burke sold 1,100 Casella Waste Systems shares at an average price of $92.99, generating $102,289. Following the transaction, he owned 14,741 shares, a 6.94% reduction in his stake.
- 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 analyst expectations.
- Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $109.75 versus the stock’s $93.74 opening price.
Casella Waste Systems, Inc. (NASDAQ:CWST - Get Free Report) Director Michael Burke sold 1,100 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $92.99, for a total value of $102,289.00. Following the completion of the sale, the director owned 14,741 shares of the company's stock, valued at approximately $1,370,765.59. This trade represents a 6.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Casella Waste Systems Price Performance
Shares of CWST stock opened at $93.74 on Thursday. Casella Waste Systems, Inc. has a fifty-two week low of $74.05 and a fifty-two week high of $107.96. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 1,041.67 and a beta of 0.74. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.99 and a current ratio of 0.99. The stock's 50-day simple moving average is $92.57 and its 200-day simple moving average is $89.27.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. The firm had revenue of $543.75 million during the quarter, compared to analyst estimates of $526.43 million. Casella Waste Systems had a net margin of 0.29% and a return on equity of 5.32%. Casella Waste Systems's revenue was up 16.9% on a year-over-year basis. During the same period last year, the firm posted $0.36 EPS. As a group, equities analysts forecast that Casella Waste Systems, Inc. will post 1.24 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research firms have issued reports on CWST. Barclays raised their price target on shares of Casella Waste Systems from $102.00 to $104.00 and gave the stock an "overweight" rating in a report on Monday, August 10th. JPMorgan Chase & Co. cut their target price on 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. Weiss Ratings raised Casella Waste Systems from a "sell (d)" rating to a "sell (d+)" rating in a research report on Friday, August 14th. UBS Group reduced their target price on 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. Finally, Zacks Research raised Casella Waste Systems from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $109.75.
Check Out Our Latest Research Report on Casella Waste Systems
Hedge Funds Weigh In On Casella Waste Systems
Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in shares of Casella Waste Systems by 41.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 337 shares of the industrial products company's stock worth $33,000 after purchasing an additional 98 shares in the last quarter. Mackenzie Financial Corp raised its stake in Casella Waste Systems by 3.9% in the third quarter. Mackenzie Financial Corp now owns 3,975 shares of the industrial products company's stock valued at $377,000 after buying an additional 149 shares in the last quarter. Geneos Wealth Management Inc. lifted 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 buying an additional 184 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Casella Waste Systems by 46.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 662 shares of the industrial products company's stock worth $65,000 after buying an additional 211 shares during the last quarter. Finally, Hilton Head Capital Partners LLC boosted its position in shares of Casella Waste Systems by 86.5% during the 1st quarter. Hilton Head Capital Partners LLC now owns 468 shares of the industrial products company's stock worth $37,000 after acquiring an additional 217 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 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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