Key Points
- CFO Bradford Helgeson sold 195 shares for about $19,250, leaving him with 7,147 shares. The sale was made under a pre-arranged Rule 10b5-1 plan to cover taxes on vested equity awards.
- Third-quarter EPS of $0.35 and revenue of $559.2 million both missed analyst expectations; however, revenue increased 15.2% year over year.
- Analysts’ consensus rating is Moderate Buy, with an average price target of $104.80. Fiscal 2026 revenue guidance of about $2.1 billion is in line with consensus.
Casella Waste Systems, Inc. (NASDAQ:CWST - Get Free Report) CFO Bradford Helgeson sold 195 shares of Casella Waste Systems stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $98.72, for a total value of $19,250.40. Following the completion of the transaction, the chief financial officer directly owned 7,147 shares in the company, valued at $705,551.84. This represents a 2.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Casella Waste Systems Stock Performance
Shares of CWST opened at $93.00 on Wednesday. Casella Waste Systems, Inc. has a one year low of $74.05 and a one year high of $107.96. The company has a 50-day moving average of $89.36 and a two-hundred day moving average of $90.00. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of -516.64 and a beta of 0.71. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.99 and a quick ratio of 0.99.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its earnings results on Monday, November 9th. The industrial products company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.07). Casella Waste Systems had a positive return on equity of 5.04% and a negative net margin of 0.56%. The business had revenue of $559.23 million during the quarter, compared to analyst estimates of $563.17 million. During the same period last year, the business earned $0.42 EPS. The business's quarterly revenue was up 15.2% on a year-over-year basis. On average, equities research analysts expect that Casella Waste Systems, Inc. will post 1.22 earnings per share for the current year.
More Casella Waste Systems News
Here are the key news stories impacting Casella Waste Systems this week:
- Positive Sentiment: BofA Securities raised its price target to $94 from $91, a modestly more optimistic view of the stock. BofA Securities Raises Price Target
- Positive Sentiment: Quarterly revenue increased 15.2% year over year, showing continued business growth despite missing analysts’ forecasts. Casella Announces Third-Quarter Results
- Neutral Sentiment: Casella’s FY 2026 revenue guidance is about $2.1 billion, in line with analyst consensus, providing no clear upside surprise. Casella Updates FY 2026 Guidance
- Neutral Sentiment: The CFO sold 195 shares under a pre-arranged trading plan to cover tax withholding on vested equity awards; the transaction is small relative to his remaining holdings and does not appear to be a discretionary sale. SEC Filing
- Negative Sentiment: Third-quarter EPS of $0.35 missed the $0.42 consensus estimate, while revenue of $559.2 million also came in below expectations of $563.2 million. EPS was down from $0.42 a year earlier, contributing to the stock’s decline. Casella Shares Fall After Earnings and Revenue Miss
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Tidal Investments LLC boosted its holdings in Casella Waste Systems by 4.9% in the second quarter. Tidal Investments LLC now owns 232,710 shares of the industrial products company's stock valued at $22,566,000 after acquiring an additional 10,828 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new stake in Casella Waste Systems in the first quarter worth about $2,658,000. Assenagon Asset Management S.A. raised its holdings in Casella Waste Systems by 387.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 17,856 shares of the industrial products company's stock worth $1,731,000 after purchasing an additional 14,190 shares during the last quarter. B. Metzler seel. Sohn & Co. AG raised its holdings in Casella Waste Systems by 89.8% during the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 61,501 shares of the industrial products company's stock worth $5,964,000 after purchasing an additional 29,094 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Casella Waste Systems by 6.6% during the 2nd quarter. Wellington Management Group LLP now owns 1,292,101 shares of the industrial products company's stock worth $125,295,000 after purchasing an additional 80,299 shares during the last quarter. Institutional investors own 99.51% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on CWST shares. UBS Group downgraded shares of Casella Waste Systems from a "buy" rating to a "neutral" rating and reduced their price target for the company from $122.00 to $95.00 in a report on Wednesday, October 21st. Barclays increased their target price on Casella Waste Systems from $102.00 to $104.00 and gave the stock an "overweight" rating in a report on Monday, August 10th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $106.00 price target on shares of Casella Waste Systems in a report on Friday, October 9th. Weiss Ratings downgraded shares of Casella Waste Systems from a "sell (d+)" rating to a "sell (d)" rating in a research report on Friday, October 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Casella Waste Systems from $91.00 to $99.00 and gave the stock a "neutral" rating in a report on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $104.80.
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Casella Waste Systems Company Profile
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Casella Waste Systems is a regional solid waste services company that provides collection, transfer, disposal, recycling and resource management services. Its customers include residential, commercial, municipal and industrial clients. The company operates primarily in the northeastern United States, with services across states including Vermont, New Hampshire, New York, Maine, Massachusetts, Connecticut and Pennsylvania. Its operations also include recycling and organics services designed to recover materials and manage waste.
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