Insider Selling: Casella Waste Systems (NASDAQ:CWST) CFO Sells 262 Shares of Stock

Casella Waste Systems, Inc. (NASDAQ:CWST) CFO Bradford John Helgeson sold 262 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $87.65, for a total value of $22,964.30. Following the completion of the sale, the chief financial officer owned 4,991 shares of the company’s stock, valued at approximately $437,461.15. The trade was a 4.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Casella Waste Systems Price Performance

Shares of NASDAQ:CWST traded down $0.22 during trading on Monday, hitting $87.86. 584,178 shares of the company’s stock were exchanged, compared to its average volume of 485,447. Casella Waste Systems, Inc. has a 52-week low of $82.22 and a 52-week high of $121.24. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.70 and a quick ratio of 1.61. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 488.11 and a beta of 0.83. The business’s 50-day simple moving average is $90.07 and its 200 day simple moving average is $103.73.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Thursday, October 30th. The industrial products company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%.The company had revenue of $485.35 million during the quarter, compared to analyst estimates of $477.24 million. During the same period in the prior year, the company earned $0.27 earnings per share. The firm’s revenue was up 17.9% on a year-over-year basis. Casella Waste Systems has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Hedge Funds Weigh In On Casella Waste Systems

A number of institutional investors have recently bought and sold shares of the business. Wasatch Advisors LP boosted its holdings in shares of Casella Waste Systems by 14.4% in the 2nd quarter. Wasatch Advisors LP now owns 3,412,123 shares of the industrial products company’s stock valued at $393,691,000 after acquiring an additional 428,909 shares during the last quarter. Conestoga Capital Advisors LLC lifted its position in Casella Waste Systems by 7.3% during the third quarter. Conestoga Capital Advisors LLC now owns 2,876,061 shares of the industrial products company’s stock valued at $272,881,000 after purchasing an additional 195,947 shares during the period. Invesco Ltd. lifted its position in Casella Waste Systems by 20.0% during the second quarter. Invesco Ltd. now owns 2,597,599 shares of the industrial products company’s stock valued at $299,711,000 after purchasing an additional 432,589 shares during the period. Westfield Capital Management Co. LP boosted its holdings in Casella Waste Systems by 2.9% in the second quarter. Westfield Capital Management Co. LP now owns 1,552,307 shares of the industrial products company’s stock valued at $179,105,000 after purchasing an additional 44,464 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Casella Waste Systems by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 1,500,083 shares of the industrial products company’s stock valued at $173,101,000 after buying an additional 12,016 shares during the period. 99.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CWST shares. William Blair reaffirmed an “outperform” rating on shares of Casella Waste Systems in a research note on Tuesday, July 15th. The Goldman Sachs Group lowered their price target on shares of Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Barclays set a $95.00 price objective on shares of Casella Waste Systems and gave the stock an “equal weight” rating in a research report on Monday, November 3rd. Raymond James Financial reissued a “strong-buy” rating and set a $120.00 target price on shares of Casella Waste Systems in a research report on Monday, November 3rd. Finally, Loop Capital upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $113.75.

Casella Waste Systems Company Profile

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.