Casella Waste Systems (NASDAQ:CWST) Director Sells $102,289.00 in Stock

Casella Waste Systems, Inc. (NASDAQ:CWST – Get Free Report) Director Michael Burke sold 1,100 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $92.99, for a total transaction of $102,289.00. Following the completion of the transaction, the director directly owned 14,741 shares of the company’s stock, valued at $1,370,765.59. This represents a 6.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Casella Waste Systems Stock Performance

NASDAQ CWST opened at $93.68 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.84. The firm’s fifty day moving average price is $92.82 and its two-hundred day moving average price is $89.22. Casella Waste Systems, Inc. has a 1 year low of $74.05 and a 1 year high of $107.96. The firm has a market capitalization of $5.96 billion, a P/E ratio of 1,041.00 and a beta of 0.74.

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Casella Waste Systems (NASDAQ:CWST – Get Free Report) last issued 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 company had revenue of $543.75 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 EPS. As a group, research analysts anticipate that Casella Waste Systems, Inc. will post 1.24 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CWST. Barclays increased their price objective on shares of Casella Waste Systems from $102.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. JPMorgan Chase & Co. decreased their price target on shares of Casella Waste Systems from $110.00 to $105.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. UBS Group lowered their price target on shares of Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating on the stock in a report on Friday, June 26th. Weiss Ratings upgraded shares of Casella Waste Systems from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. Finally, TD Cowen restated a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $109.75.

Read Our Latest Research Report on Casella Waste Systems

Institutional Trading of Casella Waste Systems

Several hedge funds and other institutional investors have recently bought and sold shares of CWST. AQR Capital Management LLC increased its holdings in shares of Casella Waste Systems by 57.7% during the first quarter. AQR Capital Management LLC now owns 9,283 shares of the industrial products company’s stock worth $1,035,000 after purchasing an additional 3,395 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Casella Waste Systems by 1,601.9% in the first quarter. Jones Financial Companies Lllp now owns 5,412 shares of the industrial products company’s stock valued at $603,000 after buying an additional 5,094 shares during the period. Jane Street Group LLC grew its position in Casella Waste Systems by 3,226.1% during the first quarter. Jane Street Group LLC now owns 69,849 shares of the industrial products company’s stock worth $7,789,000 after buying an additional 67,749 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Casella Waste Systems by 301.6% during the first 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 in the last quarter. Finally, Quantbot Technologies LP bought a new position in Casella Waste Systems during the 2nd quarter worth $63,000. 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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