Casella Waste Systems, Inc. (NASDAQ:CWST) SVP Sells $184,781.30 in Stock

Casella Waste Systems, Inc. (NASDAQ:CWST) SVP Paul Ligon sold 1,730 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $106.81, for a total value of $184,781.30. Following the completion of the transaction, the senior vice president now directly owns 21,085 shares in the company, valued at $2,252,088.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Casella Waste Systems Price Performance

Shares of NASDAQ CWST opened at $106.50 on Friday. Casella Waste Systems, Inc. has a twelve month low of $76.67 and a twelve month high of $109.08. The company has a current ratio of 2.55, a quick ratio of 2.48 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average of $102.36 and a two-hundred day moving average of $100.79. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 887.50, a PEG ratio of 5.80 and a beta of 0.99.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Wednesday, October 30th. The industrial products company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). The business had revenue of $411.63 million for the quarter, compared to analyst estimates of $412.59 million. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 earnings per share. As a group, analysts expect that Casella Waste Systems, Inc. will post 0.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Casella Waste Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in CWST. Vanguard Group Inc. lifted its holdings in shares of Casella Waste Systems by 1.1% in the first quarter. Vanguard Group Inc. now owns 5,536,410 shares of the industrial products company’s stock valued at $547,385,000 after purchasing an additional 57,540 shares in the last quarter. Conestoga Capital Advisors LLC grew its stake in Casella Waste Systems by 3.1% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 3,386,970 shares of the industrial products company’s stock valued at $336,055,000 after acquiring an additional 101,995 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of Casella Waste Systems by 3.2% in the 2nd quarter. Earnest Partners LLC now owns 1,680,358 shares of the industrial products company’s stock valued at $166,725,000 after purchasing an additional 51,516 shares during the period. Geneva Capital Management LLC lifted its position in shares of Casella Waste Systems by 0.4% in the third quarter. Geneva Capital Management LLC now owns 1,040,619 shares of the industrial products company’s stock worth $103,531,000 after purchasing an additional 4,324 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Casella Waste Systems by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 861,463 shares of the industrial products company’s stock worth $85,476,000 after purchasing an additional 26,189 shares during the period. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CWST. Deutsche Bank Aktiengesellschaft lowered their target price on Casella Waste Systems from $114.00 to $107.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus restated a “buy” rating and issued a $117.00 target price (up previously from $110.00) on shares of Casella Waste Systems in a research note on Monday, August 5th. William Blair assumed coverage on Casella Waste Systems in a research note on Thursday, October 3rd. They issued an “outperform” rating for the company. Finally, Raymond James boosted their price objective on Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a report on Thursday, September 19th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $111.50.

About Casella Waste Systems

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.