Insider Selling: Casella Waste Systems Inc. (CWST) Director Sells 15,000 Shares of Stock
Casella Waste Systems Inc. (NASDAQ:CWST) Director James F. Callahan, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $21.00, for a total value of $315,000.00. Following the completion of the sale, the director now owns 78,102 shares of the company’s stock, valued at $1,640,142. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Casella Waste Systems Inc. (CWST) traded up $0.15 during mid-day trading on Thursday, hitting $20.99. The stock had a trading volume of 200,000 shares, compared to its average volume of 260,676. Casella Waste Systems Inc. has a one year low of $11.15 and a one year high of $21.72. The firm has a market capitalization of $883.76, a price-to-earnings ratio of 34.16 and a beta of 0.73. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of -7.91.
Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $160.27 million during the quarter, compared to analyst estimates of $154.61 million. During the same period in the previous year, the company earned $0.18 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. equities analysts expect that Casella Waste Systems Inc. will post 0.64 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA lifted its holdings in shares of Casella Waste Systems by 206.2% during the second quarter. BNP Paribas Arbitrage SA now owns 7,309 shares of the industrial products company’s stock worth $120,000 after buying an additional 4,922 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Casella Waste Systems during the second quarter worth approximately $186,000. Alliancebernstein L.P. acquired a new position in shares of Casella Waste Systems during the first quarter worth approximately $164,000. Tudor Investment Corp ET AL lifted its holdings in shares of Casella Waste Systems by 24.5% during the second quarter. Tudor Investment Corp ET AL now owns 13,374 shares of the industrial products company’s stock worth $219,000 after buying an additional 2,633 shares during the last quarter. Finally, Voya Investment Management LLC acquired a new position in shares of Casella Waste Systems during the second quarter worth approximately $274,000. Institutional investors own 79.30% of the company’s stock.
Several equities research analysts recently weighed in on CWST shares. KeyCorp restated a “buy” rating on shares of Casella Waste Systems in a report on Friday, November 3rd. BidaskClub upgraded Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research upgraded Casella Waste Systems from a “sell” rating to a “hold” rating and set a $22.00 target price for the company in a report on Tuesday, November 7th. Finally, Stifel Nicolaus lowered Casella Waste Systems from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a report on Wednesday, October 4th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $18.00.
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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.
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