Insider Selling: Casella Waste Systems, Inc. (NASDAQ:CWST) CFO Sells 197 Shares of Stock

Casella Waste Systems, Inc. (NASDAQ:CWST) CFO Bradford John Helgeson sold 197 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $106.68, for a total transaction of $21,015.96. Following the completion of the transaction, the chief financial officer now owns 3,548 shares in the company, valued at approximately $378,500.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Casella Waste Systems Price Performance

CWST stock opened at $106.59 on Friday. The business has a 50 day moving average price of $102.34 and a 200 day moving average price of $100.92. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 888.25, a PEG ratio of 6.34 and a beta of 0.99. Casella Waste Systems, Inc. has a fifty-two week low of $77.38 and a fifty-two week high of $109.08. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The firm had revenue of $411.63 million during the quarter, compared to analysts’ expectations of $412.59 million. During the same quarter in the prior year, the firm posted $0.35 EPS. Casella Waste Systems’s quarterly revenue was up 16.7% compared to the same quarter last year. Equities research analysts anticipate that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CWST has been the topic of a number of analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $117.00 price objective (up previously from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. Raymond James boosted their price objective on shares of Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, William Blair initiated coverage on Casella Waste Systems in a research report on Thursday, October 3rd. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $111.50.

Institutional Investors Weigh In On Casella Waste Systems

Hedge funds have recently modified their holdings of the stock. New Covenant Trust Company N.A. acquired a new stake in shares of Casella Waste Systems during the first quarter worth $26,000. Opal Wealth Advisors LLC purchased a new position in shares of Casella Waste Systems in the second quarter valued at $29,000. GAMMA Investing LLC increased its position in shares of Casella Waste Systems by 76.4% in the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock valued at $32,000 after buying an additional 139 shares in the last quarter. Mark Sheptoff Financial Planning LLC increased its position in shares of Casella Waste Systems by 100.0% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,000 shares of the industrial products company’s stock valued at $99,000 after buying an additional 500 shares in the last quarter. Finally, Liberty One Investment Management LLC purchased a new stake in Casella Waste Systems during the 2nd quarter worth about $167,000. 99.51% of the stock is owned by institutional investors and hedge funds.

About Casella Waste Systems

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.