Casella Waste Systems Inc. (NASDAQ:CWST) CEO John W. Casella sold 2,150 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $34.18, for a total value of $73,487.00. Following the completion of the transaction, the chief executive officer now owns 414,672 shares in the company, valued at $14,173,488.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NASDAQ:CWST traded up $0.05 during mid-day trading on Thursday, reaching $34.21. The stock had a trading volume of 153,290 shares, compared to its average volume of 310,818. The company 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 1 year low of $23.01 and a 1 year high of $36.00.
Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Thursday, February 21st. The industrial products company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The firm had revenue of $174.72 million during the quarter, compared to analysts’ expectations of $172.12 million. Casella Waste Systems had a negative return on equity of 114.82% and a net margin of 0.97%. Casella Waste Systems’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 earnings per share. Equities research analysts predict that Casella Waste Systems Inc. will post 0.8 earnings per share for the current year.
CWST has been the topic of several research analyst reports. BidaskClub upgraded Casella Waste Systems from a “hold” rating to a “buy” rating in a research report on Thursday, November 15th. ValuEngine downgraded Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 11th. Stifel Nicolaus upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and boosted their price objective for the company from $30.00 to $32.00 in a research report on Thursday, December 27th. Zacks Investment Research downgraded Casella Waste Systems from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. Finally, KeyCorp initiated coverage on Casella Waste Systems in a research report on Monday, February 4th. They issued a “sector weight” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Casella Waste Systems currently has a consensus rating of “Buy” and an average price target of $32.75.
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 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.
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