Casella Waste Systems, Inc. (NASDAQ:CWST) CEO John W. Casella sold 62,433 shares of Casella Waste Systems stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $19.31, for a total value of $1,205,581.23. Following the completion of the sale, the chief executive officer now directly owns 472,112 shares in the company, valued at approximately $9,116,482.72. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Casella Waste Systems, Inc. (NASDAQ CWST) opened at $19.38 on Friday. The company has a debt-to-equity ratio of -7.91, a quick ratio of 0.91 and a current ratio of 0.98. Casella Waste Systems, Inc. has a 12-month low of $11.15 and a 12-month high of $20.90. The stock has a market cap of $814.79, a P/E ratio of 31.77 and a beta of 0.69.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. Casella Waste Systems had a negative return on equity of 56.99% and a negative net margin of 9.09%. The firm had revenue of $160.27 million during the quarter, compared to the consensus estimate of $154.61 million. During the same period in the previous year, the firm posted $0.18 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. sell-side analysts anticipate that Casella Waste Systems, Inc. will post 0.64 earnings per share for the current year.

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Several institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its position in shares of Casella Waste Systems by 13.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,644,942 shares of the industrial products company’s stock worth $43,403,000 after purchasing an additional 322,600 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Casella Waste Systems by 5.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,016,385 shares of the industrial products company’s stock worth $33,089,000 after purchasing an additional 108,350 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Casella Waste Systems by 7.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,667,852 shares of the industrial products company’s stock worth $27,369,000 after purchasing an additional 115,130 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Casella Waste Systems by 51.3% during the 3rd quarter. Macquarie Group Ltd. now owns 1,550,003 shares of the industrial products company’s stock worth $29,140,000 after purchasing an additional 525,459 shares during the last quarter. Finally, State Street Corp raised its position in shares of Casella Waste Systems by 7.3% during the 2nd quarter. State Street Corp now owns 707,702 shares of the industrial products company’s stock worth $11,615,000 after purchasing an additional 47,955 shares during the last quarter. Hedge funds and other institutional investors own 77.17% of the company’s stock.

CWST has been the subject of a number of research reports. Stifel Nicolaus reiterated a “buy” rating and set a $16.00 price target on shares of Casella Waste Systems in a research report on Wednesday, July 19th. BidaskClub downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research downgraded shares of Casella Waste Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, KeyCorp reiterated a “buy” rating on shares of Casella Waste Systems in a research report on Friday, October 13th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $17.50.

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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