Casella Waste Systems, Inc. (NASDAQ:CWST - Get Free Report) SVP Paul Ligon sold 2,000 shares of Casella Waste Systems stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $118.67, for a total value of $237,340.00. Following the completion of the sale, the senior vice president now directly owns 20,347 shares in the company, valued at approximately $2,414,578.49. This represents a 8.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Casella Waste Systems Trading Up 0.3 %
Casella Waste Systems stock opened at $118.30 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.48 and a current ratio of 2.00. The stock has a 50-day simple moving average of $111.08 and a 200 day simple moving average of $108.02. The stock has a market capitalization of $7.50 billion, a P/E ratio of 514.35, a PEG ratio of 3.86 and a beta of 0.96. Casella Waste Systems, Inc. has a 52 week low of $86.41 and a 52 week high of $120.69.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.16 by $0.25. Casella Waste Systems had a return on equity of 4.15% and a net margin of 0.87%. Analysts expect that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.
Hedge Funds Weigh In On Casella Waste Systems
Several institutional investors and hedge funds have recently modified their holdings of the stock. Mather Group LLC. lifted its stake in shares of Casella Waste Systems by 1,606.7% during the 4th quarter. Mather Group LLC. now owns 256 shares of the industrial products company's stock worth $27,000 after buying an additional 241 shares during the last quarter. Covestor Ltd raised its holdings in Casella Waste Systems by 124.4% in the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 153 shares during the period. Quarry LP acquired a new stake in Casella Waste Systems during the fourth quarter worth approximately $30,000. NBC Securities Inc. acquired a new stake in Casella Waste Systems during the first quarter worth approximately $31,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Casella Waste Systems by 156.5% during the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company's stock worth $34,000 after acquiring an additional 194 shares during the period. 99.51% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on CWST. TD Cowen initiated coverage on shares of Casella Waste Systems in a report on Wednesday, April 9th. They issued a "buy" rating and a $130.00 price objective on the stock. Jefferies Financial Group downgraded shares of Casella Waste Systems from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $115.00 to $113.00 in a research note on Thursday, January 23rd. Stifel Nicolaus lifted their target price on Casella Waste Systems from $127.00 to $129.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. UBS Group increased their price target on Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Finally, Raymond James reaffirmed a "strong-buy" rating on shares of Casella Waste Systems in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Casella Waste Systems currently has an average rating of "Moderate Buy" and a consensus target price of $122.67.
Check Out Our Latest Research Report on Casella Waste Systems
Casella Waste Systems Company Profile
(
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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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