Casella Waste Systems, Inc. (NASDAQ:CWST - Get Free Report) CFO Bradford John Helgeson sold 197 shares of Casella Waste Systems stock in a transaction 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 directly owns 3,548 shares in the company, valued at approximately $378,500.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Casella Waste Systems Stock Up 0.1 %
CWST stock opened at $106.59 on Friday. 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 market capitalization of $6.20 billion, a price-to-earnings ratio of 888.25, a price-to-earnings-growth ratio of 5.80 and a beta of 0.99. The business's 50 day moving average price is $102.34 and its two-hundred day moving average price is $100.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.48 and a current ratio of 2.55.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). The firm had revenue of $411.63 million for the quarter, compared to the consensus estimate of $412.59 million. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The company's revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 earnings per share. As a group, analysts forecast that Casella Waste Systems, Inc. will post 0.67 earnings per share for the current fiscal year.
Analysts Set New Price Targets
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CWST has been the topic of a number of recent analyst reports. Stifel Nicolaus reissued a "buy" rating and issued a $117.00 price target (up previously from $110.00) on shares of Casella Waste Systems in a report on Monday, August 5th. William Blair assumed coverage on Casella Waste Systems in a research note on Thursday, October 3rd. They issued an "outperform" rating on the stock. Raymond James increased their price objective on Casella Waste Systems from $121.00 to $122.00 and gave the stock a "strong-buy" rating in a report on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Casella Waste Systems has an average rating of "Moderate Buy" and a consensus price target of $111.50.
Get Our Latest Research Report on CWST
Institutional Trading of Casella Waste Systems
A number of hedge funds and other institutional investors have recently modified their holdings of CWST. New Covenant Trust Company N.A. purchased a new position in Casella Waste Systems during the 1st quarter valued at about $26,000. Opal Wealth Advisors LLC bought a new position in shares of Casella Waste Systems during the second quarter valued at approximately $29,000. GAMMA Investing LLC lifted its holdings in shares of Casella Waste Systems by 76.4% during the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 139 shares during the last quarter. Mark Sheptoff Financial Planning LLC boosted its position in shares of Casella Waste Systems by 100.0% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 1,000 shares of the industrial products company's stock worth $99,000 after purchasing an additional 500 shares in the last quarter. Finally, Liberty One Investment Management LLC bought a new stake in shares of Casella Waste Systems in the 2nd quarter worth approximately $167,000. 99.51% of the stock is owned by hedge funds and other institutional investors.
About Casella Waste Systems
(
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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.
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