Casella Waste Systems Inc. (CWST) VP Sells $10,595.80 in Stock

Casella Waste Systems Inc. (NASDAQ:CWST) VP Christopher Heald sold 310 shares of Casella Waste Systems stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $34.18, for a total value of $10,595.80. Following the completion of the transaction, the vice president now directly owns 70,335 shares in the company, valued at $2,404,050.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Christopher Heald also recently made the following trade(s):

  • On Monday, March 4th, Christopher Heald sold 1,280 shares of Casella Waste Systems stock. The stock was sold at an average price of $35.09, for a total value of $44,915.20.
  • On Tuesday, February 26th, Christopher Heald sold 30,000 shares of Casella Waste Systems stock. The stock was sold at an average price of $35.13, for a total value of $1,053,900.00.
  • On Thursday, February 21st, Christopher Heald sold 6,925 shares of Casella Waste Systems stock. The stock was sold at an average price of $34.60, for a total value of $239,605.00.

Casella Waste Systems stock traded up $0.05 during trading hours on Thursday, reaching $34.21. The company had a trading volume of 153,290 shares, compared to its average volume of 310,818. The stock has a market capitalization of $1.60 billion, a P/E ratio of 56.08 and a beta of 0.96. Casella Waste Systems Inc. has a 12-month low of $23.01 and a 12-month high of $36.00.



Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Thursday, February 21st. The industrial products company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.02). Casella Waste Systems had a negative return on equity of 114.82% and a net margin of 0.97%. The company had revenue of $174.72 million during the quarter, compared to analysts’ expectations of $172.12 million. During the same period last year, the firm earned $0.11 earnings per share. Casella Waste Systems’s revenue for the quarter was up 15.5% on a year-over-year basis. As a group, sell-side analysts forecast that Casella Waste Systems Inc. will post 0.8 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Casella Waste Systems by 2.5% during the fourth quarter. BlackRock Inc. now owns 2,827,603 shares of the industrial products company’s stock valued at $80,560,000 after buying an additional 69,356 shares during the period. Earnest Partners LLC increased its stake in shares of Casella Waste Systems by 23.1% during the third quarter. Earnest Partners LLC now owns 2,262,018 shares of the industrial products company’s stock valued at $70,258,000 after buying an additional 424,141 shares during the period. Standard Life Aberdeen plc increased its stake in shares of Casella Waste Systems by 5.3% during the third quarter. Standard Life Aberdeen plc now owns 2,210,330 shares of the industrial products company’s stock valued at $68,653,000 after buying an additional 110,881 shares during the period. Macquarie Group Ltd. increased its stake in shares of Casella Waste Systems by 16.8% during the fourth quarter. Macquarie Group Ltd. now owns 1,593,096 shares of the industrial products company’s stock valued at $45,387,000 after buying an additional 228,590 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of Casella Waste Systems by 13.3% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 700,110 shares of the industrial products company’s stock valued at $19,946,000 after buying an additional 82,135 shares during the period. 86.02% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have commented on CWST shares. Stifel Nicolaus raised Casella Waste Systems from a “hold” rating to a “buy” rating and lifted their price target for the stock from $30.00 to $32.00 in a research note on Thursday, December 27th. Zacks Investment Research cut Casella Waste Systems from a “hold” rating to a “sell” rating in a research note on Monday, January 21st. BidaskClub raised Casella Waste Systems from a “hold” rating to a “buy” rating in a research note on Thursday, November 15th. KeyCorp started coverage on Casella Waste Systems in a research note on Monday, February 4th. They issued a “sector weight” rating on the stock. Finally, ValuEngine cut Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $32.75.

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Casella Waste Systems Company Profile

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 Region, Western Region, 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.

Further Reading: Leveraged Buyout (LBO)

Insider Buying and Selling by Quarter for Casella Waste Systems (NASDAQ:CWST)

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