Casella Waste Systems (NASDAQ:CWST) Director Sells 1,100 Shares of Stock

Casella Waste Systems, Inc. (NASDAQ:CWST) Director Michael Burke sold 1,100 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $95.26, for a total value of $104,786.00. Following the transaction, the director directly owned 13,641 shares in the company, valued at $1,299,441.66. This represents a 7.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Casella Waste Systems Price Performance

NASDAQ:CWST traded up $2.56 during trading hours on Thursday, hitting $95.96. The company’s stock had a trading volume of 517,079 shares, compared to its average volume of 722,290. Casella Waste Systems, Inc. has a 52-week low of $74.05 and a 52-week high of $107.96. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.99 and a current ratio of 0.99. The business’s 50-day moving average is $93.15 and its two-hundred day moving average is $88.87. The company has a market capitalization of $6.11 billion, a PE ratio of 1,066.34 and a beta of 0.74.

Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Thursday, August 6th. The industrial products company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. The company had revenue of $543.75 million for the quarter, compared to analyst estimates of $526.43 million. Casella Waste Systems had a net margin of 0.29% and a return on equity of 5.32%. The business’s revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. As a group, research analysts anticipate that Casella Waste Systems, Inc. will post 1.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. TD Cowen reiterated a “buy” rating on shares of Casella Waste Systems in a research note on Friday, June 5th. JPMorgan Chase & Co. dropped their target price on shares of Casella Waste Systems from $110.00 to $105.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Weiss Ratings raised shares of Casella Waste Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 14th. UBS Group reduced their price target on shares of Casella Waste Systems from $130.00 to $122.00 and set a “buy” rating for the company in a research report on Friday, June 26th. Finally, Barclays boosted their price target on Casella Waste Systems from $102.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.75.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in shares of Casella Waste Systems by 57.7% in the 1st quarter. AQR Capital Management LLC now owns 9,283 shares of the industrial products company’s stock worth $1,035,000 after buying an additional 3,395 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Casella Waste Systems by 1,601.9% during the 1st quarter. Jones Financial Companies Lllp now owns 5,412 shares of the industrial products company’s stock valued at $603,000 after acquiring an additional 5,094 shares in the last quarter. Jane Street Group LLC raised its position in Casella Waste Systems by 3,226.1% during the first quarter. Jane Street Group LLC now owns 69,849 shares of the industrial products company’s stock worth $7,789,000 after acquiring an additional 67,749 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Casella Waste Systems by 301.6% in the first quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 184 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Casella Waste Systems in the second quarter valued at about $63,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.

About Casella Waste Systems

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.