Casella Waste Systems, Inc. (NASDAQ:CWST) Director William P. Hulligan sold 20,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $16.15, for a total transaction of $323,000.00. Following the completion of the sale, the director now owns 96,760 shares in the company, valued at $1,562,674. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of Casella Waste Systems, Inc. (NASDAQ CWST) traded down 0.50% during mid-day trading on Tuesday, reaching $15.91. 230,685 shares of the company’s stock were exchanged. Casella Waste Systems, Inc. has a 52 week low of $8.75 and a 52 week high of $17.73. The stock has a 50 day moving average price of $16.63 and a 200 day moving average price of $14.21. The stock’s market cap is $665.21 million.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Casella Waste Systems had a negative return on equity of 60.26% and a negative net margin of 10.01%. The firm had revenue of $154.02 million for the quarter, compared to analyst estimates of $149.88 million. During the same period last year, the company earned $0.12 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Equities research analysts predict that Casella Waste Systems, Inc. will post $0.62 EPS for the current year.

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CWST has been the topic of several research analyst reports. BidaskClub lowered shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Casella Waste Systems from a “sell” rating to a “hold” rating and set a $18.00 price objective on the stock in a report on Friday. KeyCorp boosted their price objective on shares of Casella Waste Systems from $14.00 to $17.00 and gave the company an “overweight” rating in a report on Thursday, May 11th. Stifel Nicolaus restated a “buy” rating and issued a $19.00 price objective on shares of Casella Waste Systems in a report on Friday, July 28th. Finally, Barclays PLC initiated coverage on shares of Casella Waste Systems in a report on Friday, June 23rd. They issued an “overweight” rating and a $19.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.83.

Institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can raised 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 valued at $294,000 after buying an additional 13,853 shares in the last quarter. State Street Corp raised its position in 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 valued at $8,000,000 after buying an additional 43,839 shares in the last quarter. American International Group Inc. raised its position in Casella Waste Systems by 7.1% in the first quarter. American International Group Inc. now owns 23,804 shares of the industrial products company’s stock valued at $336,000 after buying an additional 1,570 shares in the last quarter. TFS Capital LLC raised its position in 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 valued at $366,000 after buying an additional 14,898 shares in the last quarter. Finally, Globeflex Capital L P raised its position in 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 valued at $170,000 after buying an additional 12,000 shares in the last quarter. 75.46% of the stock is currently owned by institutional investors and hedge funds.

About Casella Waste Systems

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.

Insider Buying and Selling by Quarter for Casella Waste Systems (NASDAQ:CWST)

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