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

Casella Waste Systems Inc. (NASDAQ:CWST) CAO Christopher Heald sold 17,851 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $38.88, for a total value of $694,046.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 stock was sold at an average price of $34.18, for a total value of $10,595.80.
  • 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.

Shares of CWST stock opened at $39.07 on Monday. Casella Waste Systems Inc. has a 12 month low of $23.38 and a 12 month high of $39.31. The company has a market cap of $1.82 billion, a PE ratio of 64.05 and a beta of 0.94. The company has a debt-to-equity ratio of 6.53, a current ratio of 1.02 and a quick ratio of 0.96.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). Casella Waste Systems had a return on equity of 390.60% and a net margin of 1.27%. The company had revenue of $163.70 million during the quarter, compared to analyst estimates of $161.77 million. Casella Waste Systems’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities analysts anticipate that Casella Waste Systems Inc. will post 0.8 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Casella Waste Systems by 8.3% during the first quarter. BlackRock Inc. now owns 3,061,151 shares of the industrial products company’s stock worth $108,853,000 after buying an additional 233,548 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Casella Waste Systems by 95.6% during the first quarter. Wells Fargo & Company MN now owns 2,613,176 shares of the industrial products company’s stock worth $92,924,000 after buying an additional 1,276,940 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Casella Waste Systems by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,074,431 shares of the industrial products company’s stock worth $73,766,000 after buying an additional 34,822 shares during the last quarter. Macquarie Group Ltd. lifted its holdings 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 worth $45,387,000 after buying an additional 228,590 shares during the last quarter. Finally, TimesSquare Capital Management LLC acquired a new position in shares of Casella Waste Systems during the first quarter worth approximately $27,427,000. Institutional investors own 79.39% of the company’s stock.

CWST has been the subject of several analyst reports. TheStreet upgraded Casella Waste Systems from a “c” rating to a “b-” rating in a report on Wednesday, May 1st. Stifel Nicolaus upgraded Casella Waste Systems from a “hold” rating to a “buy” rating and boosted their target price for the stock from $35.00 to $40.00 in a report on Wednesday, May 1st. ValuEngine upgraded Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 28th. KeyCorp initiated coverage on Casella Waste Systems in a report on Monday, February 4th. They issued a “sector weight” rating for the company. Finally, UBS Group boosted their target price on Casella Waste Systems from $31.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company’s stock. Casella Waste Systems presently has an average rating of “Buy” and an average price target of $39.25.

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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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