Casella Waste Systems, Inc. (NASDAQ:CWST – Get Free Report) Director Douglas Casella sold 1,343 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $91.12, for a total transaction of $122,374.16. Following the completion of the transaction, the director owned 90,141 shares in the company, valued at approximately $8,213,647.92. This trade represents a 1.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Casella Waste Systems Stock Performance
Shares of CWST stock traded down $0.31 during trading hours on Friday, hitting $90.72. The company’s stock had a trading volume of 241,944 shares, compared to its average volume of 750,045. The stock has a market cap of $5.77 billion, a PE ratio of 1,008.11 and a beta of 0.74. Casella Waste Systems, Inc. has a 12-month low of $74.05 and a 12-month high of $107.96. The company has a 50 day moving average of $91.76 and a 200 day moving average of $90.01. The company has a current ratio of 0.99, a quick ratio of 1.38 and a debt-to-equity ratio of 0.84.
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, topping the consensus estimate of $0.36 by $0.04. Casella Waste Systems had a net margin of 0.29% and a return on equity of 5.32%. The firm had revenue of $543.75 million during the quarter, compared to analysts’ expectations of $526.43 million. During the same quarter last year, the company posted $0.36 earnings per share. The firm’s revenue was up 16.9% compared to the same quarter last year. On average, sell-side analysts forecast that Casella Waste Systems, Inc. will post 1.24 EPS for the current fiscal year.
Institutional Inflows and Outflows
Analyst Ratings Changes
Several analysts recently commented on CWST shares. JPMorgan Chase & Co. dropped their target price on Casella Waste Systems from $110.00 to $105.00 and set a “neutral” rating on the stock in a report on Monday. UBS Group lowered their price objective on Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. Barclays raised their price objective on shares of Casella Waste Systems from $102.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday. Weiss Ratings reiterated a “sell (d)” rating on shares of Casella Waste Systems in a research note on Friday, May 22nd. Finally, TD Cowen reissued a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 5th. One research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.75.
Get Our Latest Analysis on CWST
About Casella Waste Systems
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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