James F. Callahan, Jr. Sells 15,000 Shares of Casella Waste Systems Inc. (CWST) Stock

Casella Waste Systems Inc. (NASDAQ:CWST) Director James F. Callahan, Jr. sold 15,000 shares of Casella Waste Systems stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $21.00, for a total transaction of $315,000.00. Following the sale, the director now owns 78,102 shares of the company’s stock, valued at $1,640,142. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Casella Waste Systems Inc. (CWST) opened at $21.46 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of -7.91. Casella Waste Systems Inc. has a twelve month low of $11.15 and a twelve month high of $21.86. The company has a market cap of $885.01, a P/E ratio of 34.51 and a beta of 0.73.

Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. Casella Waste Systems had a negative net margin of 9.09% and a negative return on equity of 56.99%. The company had revenue of $160.27 million during the quarter, compared to analysts’ expectations of $154.61 million. During the same quarter in the previous year, the business posted $0.18 EPS. The firm’s revenue was up 6.0% on a year-over-year basis. equities analysts forecast that Casella Waste Systems Inc. will post 0.64 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of CWST. Macquarie Group Ltd. lifted its position in shares of Casella Waste Systems by 140.9% during the 2nd quarter. Macquarie Group Ltd. now owns 1,024,544 shares of the industrial products company’s stock worth $16,813,000 after buying an additional 599,264 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in Casella Waste Systems in the 3rd quarter valued at $10,017,000. Epoch Investment Partners Inc. raised its position in Casella Waste Systems by 171.9% in the 3rd quarter. Epoch Investment Partners Inc. now owns 637,775 shares of the industrial products company’s stock valued at $11,990,000 after purchasing an additional 403,224 shares during the last quarter. Renaissance Technologies LLC raised its position in Casella Waste Systems by 13.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,644,942 shares of the industrial products company’s stock valued at $43,403,000 after purchasing an additional 322,600 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in Casella Waste Systems in the 2nd quarter valued at $5,120,000. Institutional investors and hedge funds own 79.30% of the company’s stock.

A number of equities research analysts have weighed in on the stock. KeyCorp reiterated a “buy” rating on shares of Casella Waste Systems in a research report on Friday, November 3rd. BidaskClub upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research cut shares of Casella Waste Systems from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, Stifel Nicolaus cut shares of Casella Waste Systems from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a report on Wednesday, October 4th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Casella Waste Systems presently has a consensus rating of “Buy” and an average target price of $18.00.

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About Casella Waste Systems

Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. It manages its solid waste operations on a geographic basis through two regional operating segments: Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations through its Recycling segment.

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