Casella Waste Systems Inc. (CWST) CAO Christopher Heald Sells 17,851 Shares

Casella Waste Systems Inc. (NASDAQ:CWST) CAO Christopher Heald sold 17,851 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $38.88, for a total transaction of $694,046.88. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

  • On Wednesday, March 13th, Christopher Heald sold 310 shares of Casella Waste Systems stock. The shares were sold at an average price of $34.18, for a total transaction of $10,595.80.
  • On Monday, March 4th, Christopher Heald sold 1,280 shares of Casella Waste Systems stock. The shares were sold at an average price of $35.09, for a total transaction of $44,915.20.
  • On Tuesday, February 26th, Christopher Heald sold 30,000 shares of Casella Waste Systems stock. The shares were sold at an average price of $35.13, for a total transaction of $1,053,900.00.
  • On Thursday, February 21st, Christopher Heald sold 6,925 shares of Casella Waste Systems stock. The shares were sold at an average price of $34.60, for a total transaction of $239,605.00.

Shares of NASDAQ:CWST traded up $0.50 during trading on Friday, reaching $39.07. The stock had a trading volume of 225,058 shares, compared to its average volume of 287,052. Casella Waste Systems Inc. has a one year low of $23.38 and a one year high of $39.31. The stock has a market capitalization of $1.78 billion, a P/E ratio of 64.05 and a beta of 0.94. The company has a debt-to-equity ratio of 6.53, a quick ratio of 0.96 and a current ratio of 1.02.



Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). Casella Waste Systems had a net margin of 1.27% and a return on equity of 390.60%. The business had revenue of $163.70 million for the quarter, compared to analysts’ expectations of $161.77 million. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, research analysts forecast that Casella Waste Systems Inc. will post 0.8 EPS for the current year.

Several equities research analysts have recently weighed in on CWST shares. TheStreet raised shares of Casella Waste Systems from a “c” rating to a “b-” rating in a research note on Wednesday, May 1st. Stifel Nicolaus raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating and raised their target price for the company from $35.00 to $40.00 in a research report on Wednesday, May 1st. ValuEngine raised shares of Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 28th. KeyCorp initiated coverage on shares of Casella Waste Systems in a research report on Monday, February 4th. They set a “sector weight” rating on the stock. Finally, UBS Group raised their target price on shares of Casella Waste Systems from $31.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $39.25.

Large investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its position in Casella Waste Systems by 3.3% during the third quarter. Teachers Advisors LLC now owns 78,734 shares of the industrial products company’s stock valued at $2,445,000 after acquiring an additional 2,539 shares during the last quarter. Marshall Wace LLP bought a new stake in Casella Waste Systems during the third quarter valued at $562,000. Federated Investors Inc. PA boosted its position in Casella Waste Systems by 15.3% during the third quarter. Federated Investors Inc. PA now owns 195,377 shares of the industrial products company’s stock valued at $6,069,000 after acquiring an additional 25,877 shares during the last quarter. Meeder Asset Management Inc. boosted its position in Casella Waste Systems by 218.8% during the fourth quarter. Meeder Asset Management Inc. now owns 3,864 shares of the industrial products company’s stock valued at $110,000 after acquiring an additional 2,652 shares during the last quarter. Finally, Suffolk Capital Management LLC bought a new stake in Casella Waste Systems during the fourth quarter valued at $389,000. Institutional investors and hedge funds own 79.39% of the company’s stock.

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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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