Insider Selling: 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 stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $106.81, for a total value of $184,781.30. Following the completion of the sale, the senior vice president now directly owns 21,085 shares in the company, valued at approximately $2,252,088.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Casella Waste Systems Stock Performance

Shares of NASDAQ CWST opened at $106.59 on Friday. 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 stock has a market cap of $6.75 billion, a price-to-earnings ratio of 888.25, a PEG ratio of 6.34 and a beta of 0.99. The company has a 50 day simple moving average of $102.34 and a two-hundred day simple moving average of $100.92. Casella Waste Systems, Inc. has a 12 month low of $77.38 and a 12 month high of $109.08.

Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). The firm had revenue of $411.63 million for the quarter, compared to analysts’ expectations of $412.59 million. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. Casella Waste Systems’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period last year, the firm earned $0.35 earnings per share. As a group, analysts predict that Casella Waste Systems, Inc. will post 0.65 earnings per share for the current year.

Institutional Investors Weigh In On Casella Waste Systems

A number of large investors have recently modified their holdings of CWST. BNP Paribas Financial Markets grew its holdings in shares of Casella Waste Systems by 4.8% during the first quarter. BNP Paribas Financial Markets now owns 50,145 shares of the industrial products company’s stock worth $4,958,000 after buying an additional 2,296 shares in the last quarter. Whittier Trust Co. acquired a new position in Casella Waste Systems in the first quarter valued at about $41,000. Envestnet Portfolio Solutions Inc. lifted its position in Casella Waste Systems by 15.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,590 shares of the industrial products company’s stock valued at $355,000 after buying an additional 467 shares during the last quarter. SG Americas Securities LLC acquired a new position in Casella Waste Systems in the first quarter valued at about $263,000. Finally, Hilltop National Bank acquired a new position in Casella Waste Systems in the first quarter valued at about $251,000. Hedge funds and other institutional investors own 99.51% of the company’s stock.

Wall Street Analyst Weigh In

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

Casella Waste Systems Company Profile

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.