Casella Waste Systems Inc. (NASDAQ:CWST) Director Gregory B. Peters sold 3,000 shares of the business’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $33.31, for a total value of $99,930.00. Following the completion of the sale, the director now directly owns 92,015 shares of the company’s stock, valued at approximately $3,065,019.65. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

CWST opened at $29.77 on Friday. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 44.43 and a beta of 1.00. The company has a debt-to-equity ratio of -14.47, a current ratio of 1.01 and a quick ratio of 0.94. Casella Waste Systems Inc. has a one year low of $17.52 and a one year high of $33.94.

Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Thursday, August 2nd. The industrial products company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Casella Waste Systems had a negative return on equity of 63.60% and a net margin of 4.79%. The firm had revenue of $165.65 million for the quarter, compared to analysts’ expectations of $158.95 million. During the same quarter last year, the company posted $0.25 EPS. The firm’s revenue was up 7.6% on a year-over-year basis. Equities research analysts forecast that Casella Waste Systems Inc. will post 0.71 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on CWST shares. BidaskClub lowered Casella Waste Systems from a “hold” rating to a “sell” rating in a research note on Saturday, August 25th. Stifel Nicolaus lowered Casella Waste Systems from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research note on Monday, August 6th. They noted that the move was a valuation call. Raymond James upped their price target on Casella Waste Systems from $33.00 to $35.00 and gave the company a “strong-buy” rating in a research report on Friday, September 7th. ValuEngine raised Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 11th. Finally, Zacks Investment Research lowered Casella Waste Systems from a “hold” rating to a “sell” rating in a research report on Thursday, July 19th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $31.50.

Several hedge funds have recently bought and sold shares of CWST. Earnest Partners LLC grew its holdings in shares of Casella Waste Systems by 146.3% during the 2nd quarter. Earnest Partners LLC now owns 1,837,877 shares of the industrial products company’s stock worth $47,068,000 after acquiring an additional 1,091,762 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Casella Waste Systems by 237.1% during the 1st quarter. Wells Fargo & Company MN now owns 829,885 shares of the industrial products company’s stock worth $19,403,000 after acquiring an additional 583,679 shares during the period. GW&K Investment Management LLC purchased a new position in shares of Casella Waste Systems during the 1st quarter worth approximately $8,647,000. Vaughan Nelson Investment Management L.P. grew its stake in shares of Casella Waste Systems by 97.7% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 657,150 shares of the industrial products company’s stock worth $15,364,000 after buying an additional 324,725 shares during the last quarter. Finally, Granahan Investment Management Inc. MA purchased a new stake in shares of Casella Waste Systems in the 2nd quarter worth approximately $5,187,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

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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