Casella Waste Systems Inc. (NASDAQ:CWST) Director Emily Nagle Green sold 2,500 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $46.11, for a total value of $115,275.00. Following the sale, the director now owns 30,988 shares in the company, valued at approximately $1,428,856.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
NASDAQ CWST traded up $0.47 on Wednesday, reaching $46.67. 43,129 shares of the company’s stock traded hands, compared to its average volume of 186,789. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 76.51 and a beta of 0.80. The stock has a 50 day moving average price of $43.19 and a 200-day moving average price of $42.42. Casella Waste Systems Inc. has a fifty-two week low of $24.61 and a fifty-two week high of $47.72. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.84 and a current ratio of 0.90.
Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. The company had revenue of $198.55 million for the quarter, compared to the consensus estimate of $192.60 million. Casella Waste Systems had a return on equity of 50.45% and a net margin of 1.23%. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period last year, the firm earned $0.30 EPS. As a group, equities research analysts anticipate that Casella Waste Systems Inc. will post 0.85 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of CWST. Morgan Stanley grew its holdings in Casella Waste Systems by 58.8% during the second quarter. Morgan Stanley now owns 365,860 shares of the industrial products company’s stock worth $14,499,000 after acquiring an additional 135,426 shares during the period. BB&T Securities LLC raised its position in Casella Waste Systems by 33.8% during the third quarter. BB&T Securities LLC now owns 20,344 shares of the industrial products company’s stock valued at $877,000 after acquiring an additional 5,138 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in Casella Waste Systems in the third quarter valued at approximately $206,000. Steward Partners Investment Advisory LLC acquired a new position in Casella Waste Systems in the second quarter valued at approximately $222,000. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Casella Waste Systems by 7.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 54,194 shares of the industrial products company’s stock valued at $2,327,000 after acquiring an additional 3,646 shares during the period. 92.33% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently weighed in on CWST. Jefferies Financial Group began coverage on Casella Waste Systems in a report on Wednesday, November 27th. They issued a “buy” rating and a $52.00 price objective on the stock. TheStreet downgraded Casella Waste Systems from a “b-” rating to a “c” rating in a report on Friday, November 1st. Zacks Investment Research lowered Casella Waste Systems from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, BidaskClub raised shares of Casella Waste Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 21st. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $47.00.
About Casella Waste Systems
Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the northeastern United States. The company operates through Eastern, Western, Recycling, and Other segments. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, and industrial customers.
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