Bradford John Helgeson Sells 262 Shares of Casella Waste Systems (NASDAQ:CWST) Stock

Casella Waste Systems, Inc. (NASDAQ:CWST) CFO Bradford John Helgeson sold 262 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $87.65, for a total transaction of $22,964.30. Following the completion of the transaction, the chief financial officer directly owned 4,991 shares in the company, valued at approximately $437,461.15. The trade was a 4.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Casella Waste Systems Stock Performance

Shares of Casella Waste Systems stock opened at $88.25 on Wednesday. The firm has a fifty day moving average of $89.69 and a two-hundred day moving average of $103.34. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 1.70. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of 490.28 and a beta of 0.83. Casella Waste Systems, Inc. has a 52 week low of $82.22 and a 52 week high of $121.24.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. The business had revenue of $485.35 million during the quarter, compared to analysts’ expectations of $477.24 million. Casella Waste Systems had a return on equity of 4.97% and a net margin of 0.64%.The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 earnings per share. Casella Waste Systems has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

Analysts Set New Price Targets

CWST has been the subject of a number of recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of Casella Waste Systems in a research note on Tuesday, July 15th. Barclays set a $95.00 target price on shares of Casella Waste Systems and gave the company an “equal weight” rating in a research note on Monday, November 3rd. Loop Capital raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Friday, September 19th. Raymond James Financial reissued a “strong-buy” rating and issued a $120.00 price target on shares of Casella Waste Systems in a report on Monday, November 3rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Casella Waste Systems in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $113.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Moors & Cabot Inc. lifted its position in Casella Waste Systems by 4.4% in the 1st quarter. Moors & Cabot Inc. now owns 2,469 shares of the industrial products company’s stock valued at $275,000 after acquiring an additional 105 shares in the last quarter. Benjamin Edwards Inc. raised its stake in shares of Casella Waste Systems by 1.0% in the 1st quarter. Benjamin Edwards Inc. now owns 10,998 shares of the industrial products company’s stock valued at $1,226,000 after purchasing an additional 110 shares during the period. Signaturefd LLC lifted its holdings in shares of Casella Waste Systems by 17.3% in the first quarter. Signaturefd LLC now owns 941 shares of the industrial products company’s stock valued at $105,000 after purchasing an additional 139 shares in the last quarter. Liberty One Investment Management LLC boosted its position in shares of Casella Waste Systems by 7.8% during the second quarter. Liberty One Investment Management LLC now owns 1,964 shares of the industrial products company’s stock worth $227,000 after buying an additional 142 shares during the period. Finally, Moran Wealth Management LLC boosted its position in shares of Casella Waste Systems by 2.5% during the second quarter. Moran Wealth Management LLC now owns 5,894 shares of the industrial products company’s stock worth $680,000 after buying an additional 145 shares during the period. Institutional investors and hedge funds own 99.51% of the company’s stock.

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.