Casella Waste Systems, Inc. (NASDAQ:CWST) General Counsel David L. Schmitt sold 1,028 shares of the company’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $16.82, for a total value of $17,290.96. Following the completion of the transaction, the general counsel now directly owns 69,200 shares in the company, valued at approximately $1,163,944. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Casella Waste Systems, Inc. (NASDAQ:CWST) traded down 1.17% during midday trading on Friday, hitting $16.92. The company had a trading volume of 211,837 shares. Casella Waste Systems, Inc. has a 12 month low of $8.63 and a 12 month high of $17.73. The company has a 50-day moving average of $16.54 and a 200 day moving average of $14.09. The firm has a market capitalization of $708.61 million, a PE ratio of 1301.54 and a beta of 0.56.
Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Thursday, May 4th. The industrial products company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.10. The business had revenue of $133.80 million during the quarter, compared to the consensus estimate of $128.33 million. Casella Waste Systems had a negative return on equity of 73.05% and a net margin of 0.09%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.19) earnings per share. On average, analysts expect that Casella Waste Systems, Inc. will post $0.59 EPS for the current fiscal year.
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Institutional investors have recently bought and sold shares of the company. Bank of Montreal Can increased its position in Casella Waste Systems by 197.6% in the first quarter. Bank of Montreal Can now owns 20,864 shares of the industrial products company’s stock worth $294,000 after buying an additional 13,853 shares during the period. State Street Corp boosted its position in shares of Casella Waste Systems by 7.3% in the fourth quarter. State Street Corp now owns 644,761 shares of the industrial products company’s stock worth $8,000,000 after buying an additional 43,839 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Casella Waste Systems during the fourth quarter worth about $3,169,000. TFS Capital LLC boosted its position in shares of Casella Waste Systems by 134.9% in the first quarter. TFS Capital LLC now owns 25,944 shares of the industrial products company’s stock worth $366,000 after buying an additional 14,898 shares in the last quarter. Finally, Globeflex Capital L P boosted its position in shares of Casella Waste Systems by 17,910.4% in the first quarter. Globeflex Capital L P now owns 12,067 shares of the industrial products company’s stock worth $170,000 after buying an additional 12,000 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.
CWST has been the subject of several research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $16.00 target price on shares of Casella Waste Systems in a report on Wednesday, July 19th. BidaskClub upgraded Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Zacks Investment Research cut Casella Waste Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 3rd. Barclays PLC initiated coverage on Casella Waste Systems in a report on Friday, June 23rd. They issued an “overweight” rating and a $19.00 target price for the company. Finally, KeyCorp upped their target price on Casella Waste Systems from $14.00 to $17.00 and gave the stock an “overweight” rating in a report on Thursday, May 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $16.29.
Casella Waste Systems Company Profile
Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. It manages its solid waste operations on a geographic basis through two regional operating segments: Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations through its Recycling segment.
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