Casella Waste Systems (NASDAQ:CWST) Director Michael Burke Sells 1,100 Shares

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

Casella Waste Systems Stock Performance

Shares of Casella Waste Systems stock opened at $95.96 on Friday. Casella Waste Systems, Inc. has a 12 month low of $74.05 and a 12 month high of $107.96. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.84. The stock has a market cap of $6.11 billion, a PE ratio of 1,066.34 and a beta of 0.74. The business has a fifty day simple moving average of $93.22 and a 200-day simple moving average of $88.81.

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

Analyst Ratings Changes

Several analysts recently commented on the stock. Weiss Ratings upgraded shares of Casella Waste Systems from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 14th. JPMorgan Chase & Co. dropped their price objective on shares of Casella Waste Systems from $110.00 to $105.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Barclays increased their target price on shares of Casella Waste Systems from $102.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, August 10th. Zacks Research raised shares of Casella Waste Systems from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 8th. Finally, TD Cowen restated a “buy” rating on shares of Casella Waste Systems in a report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Casella Waste Systems presently has a consensus rating of “Moderate Buy” and an average target price of $109.75.

Institutional Investors Weigh In On Casella Waste Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in CWST. AQR Capital Management LLC increased its position in Casella Waste Systems by 57.7% during the first 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 during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Casella Waste Systems by 1,601.9% in the first quarter. Jones Financial Companies Lllp now owns 5,412 shares of the industrial products company’s stock worth $603,000 after buying an additional 5,094 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Casella Waste Systems by 3,226.1% in the first quarter. Jane Street Group LLC now owns 69,849 shares of the industrial products company’s stock worth $7,789,000 after buying an additional 67,749 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Casella Waste Systems by 301.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 184 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Casella Waste Systems during the 2nd quarter worth about $63,000. 99.51% of the stock is owned by hedge funds and other institutional investors.

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.