Bradford John Helgeson Sells 197 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST) Stock

Casella Waste Systems, Inc. (NASDAQ:CWST) CFO Bradford John Helgeson sold 197 shares of Casella Waste Systems stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $106.68, for a total transaction of $21,015.96. Following the completion of the transaction, the chief financial officer now directly owns 3,548 shares of the company’s stock, valued at $378,500.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Casella Waste Systems Price Performance

Casella Waste Systems stock opened at $106.59 on Friday. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 888.25, a PEG ratio of 6.34 and a beta of 0.99. The firm’s fifty day moving average is $102.34 and its 200 day moving average is $100.92. The company has a quick ratio of 2.48, a current ratio of 2.55 and a debt-to-equity ratio of 0.68. Casella Waste Systems, Inc. has a 52-week low of $77.38 and a 52-week high of $109.08.

Casella Waste Systems (NASDAQ:CWST) last released its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). Casella Waste Systems had a net margin of 0.46% and a return on equity of 3.04%. The business had revenue of $411.63 million for the quarter, compared to analysts’ expectations of $412.59 million. During the same period in the previous year, the company earned $0.35 EPS. Casella Waste Systems’s revenue for the quarter was up 16.7% compared to the same quarter last year. Sell-side analysts forecast that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of 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. Stifel Nicolaus restated a “buy” rating and set a $117.00 target price (up from $110.00) on shares of Casella Waste Systems in a research report on Monday, August 5th. William Blair started coverage on shares of Casella Waste Systems in a report on Thursday, October 3rd. They set an “outperform” rating on the stock. Finally, Raymond James lifted their price target on shares of Casella Waste Systems from $121.00 to $122.00 and gave the company a “strong-buy” rating in a report on Thursday, September 19th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $111.50.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. New Covenant Trust Company N.A. bought a new position in shares of Casella Waste Systems in the first quarter worth about $26,000. Opal Wealth Advisors LLC bought a new position in Casella Waste Systems during the 2nd quarter worth about $29,000. GAMMA Investing LLC grew its holdings in Casella Waste Systems by 76.4% during the 2nd quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 139 shares in the last quarter. Mark Sheptoff Financial Planning LLC lifted its position in shares of Casella Waste Systems by 100.0% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,000 shares of the industrial products company’s stock valued at $99,000 after buying an additional 500 shares during the last quarter. Finally, Liberty One Investment Management LLC purchased a new stake in shares of Casella Waste Systems during the second quarter valued at about $167,000. Institutional investors 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.