Casella Waste Systems (NASDAQ:CWST) Shares Down 3.3%

Casella Waste Systems, Inc. (NASDAQ:CWST)’s stock price fell 3.3% during trading on Friday . The stock traded as low as $86.41 and last traded at $91.24. 67,539 shares traded hands during trading, a decline of 76% from the average session volume of 283,951 shares. The stock had previously closed at $94.32.

Wall Street Analyst Weigh In

Several brokerages recently commented on CWST. StockNews.com upgraded Casella Waste Systems from a “sell” rating to a “hold” rating in a report on Friday, February 16th. Wells Fargo & Company raised their target price on Casella Waste Systems from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $99.71.

Casella Waste Systems Stock Down 4.5 %

The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.46 and a current ratio of 1.53. The firm has a fifty day simple moving average of $94.37 and a 200-day simple moving average of $86.84. The company has a market capitalization of $5.22 billion, a PE ratio of 290.52, a P/E/G ratio of 6.12 and a beta of 0.90.

Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Thursday, April 25th. The industrial products company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.02. The company had revenue of $341.00 million during the quarter, compared to analyst estimates of $340.70 million. Casella Waste Systems had a return on equity of 4.48% and a net margin of 1.32%. The business’s revenue was up 29.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 EPS. Equities research analysts anticipate that Casella Waste Systems, Inc. will post 0.77 EPS for the current fiscal year.

Insider Transactions at Casella Waste Systems

In other news, President Edmond Coletta sold 8,271 shares of Casella Waste Systems stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $90.30, for a total value of $746,871.30. Following the completion of the transaction, the president now owns 168,556 shares in the company, valued at approximately $15,220,606.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO John W. Casella sold 1,673 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $94.13, for a total transaction of $157,479.49. Following the completion of the transaction, the chief executive officer now owns 35,189 shares in the company, valued at approximately $3,312,340.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Edmond Coletta sold 8,271 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $90.30, for a total value of $746,871.30. Following the transaction, the president now owns 168,556 shares of the company’s stock, valued at approximately $15,220,606.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,238 shares of company stock worth $1,026,395. 4.75% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Impax Asset Management Group plc acquired a new position in Casella Waste Systems during the 4th quarter valued at approximately $5,128,000. TimesSquare Capital Management LLC raised its stake in Casella Waste Systems by 18.5% during the 3rd quarter. TimesSquare Capital Management LLC now owns 946,497 shares of the industrial products company’s stock valued at $72,218,000 after acquiring an additional 147,805 shares in the last quarter. WCM Investment Management LLC raised its stake in Casella Waste Systems by 8.7% during the 4th quarter. WCM Investment Management LLC now owns 227,195 shares of the industrial products company’s stock valued at $19,543,000 after acquiring an additional 18,216 shares in the last quarter. Jennison Associates LLC raised its stake in Casella Waste Systems by 9.0% during the 4th quarter. Jennison Associates LLC now owns 405,230 shares of the industrial products company’s stock valued at $34,631,000 after acquiring an additional 33,528 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Casella Waste Systems during the 3rd quarter valued at $1,705,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Company Profile

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.