Casella Waste Systems, Inc. (NASDAQ:CWST) SVP Paul Ligon Sells 1,730 Shares of Stock

Casella Waste Systems, Inc. (NASDAQ:CWST) SVP Paul Ligon sold 1,730 shares of the company’s 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 sale, the senior vice president now directly owns 21,085 shares in the company, valued at $2,252,088.85. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Casella Waste Systems Trading Down 0.4 %

NASDAQ CWST opened at $106.50 on Friday. The firm has a market cap of $6.19 billion, a PE ratio of 887.50, a P/E/G ratio of 5.80 and a beta of 0.99. Casella Waste Systems, Inc. has a one year low of $76.67 and a one year high of $109.08. The firm’s fifty day moving average is $102.36 and its two-hundred day moving average is $100.79. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.48 and a current ratio of 2.55.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.01). The firm had revenue of $411.63 million during the quarter, compared to analyst estimates of $412.59 million. Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 earnings per share. Analysts expect that Casella Waste Systems, Inc. will post 0.67 earnings per share for the current year.

Institutional Trading of Casella Waste Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Global Alpha Capital Management Ltd. increased its position in Casella Waste Systems by 28.9% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 270,300 shares of the industrial products company’s stock worth $26,725,000 after purchasing an additional 60,600 shares in the last quarter. Williams Financial LLC acquired a new position in shares of Casella Waste Systems in the second quarter valued at approximately $2,427,000. Harbor Capital Advisors Inc. boosted its position in Casella Waste Systems by 108.0% during the third quarter. Harbor Capital Advisors Inc. now owns 66,129 shares of the industrial products company’s stock worth $6,579,000 after acquiring an additional 34,340 shares during the last quarter. Vanguard Group Inc. grew its stake in Casella Waste Systems by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 5,536,410 shares of the industrial products company’s stock worth $547,385,000 after acquiring an additional 57,540 shares during the period. Finally, Comerica Bank lifted its stake in shares of Casella Waste Systems by 7.7% during the 1st quarter. Comerica Bank now owns 311,433 shares of the industrial products company’s stock worth $30,791,000 after purchasing an additional 22,384 shares during the period. Institutional investors and hedge funds own 99.51% of the company’s stock.

Wall Street Analyst Weigh In

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

About Casella Waste Systems

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.