William P. Hulligan Sells 10,000 Shares of Casella Waste Systems, Inc. (NASDAQ:CWST) Stock

Casella Waste Systems, Inc. (NASDAQ:CWST) Director William P. Hulligan sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 19th. The stock was sold at an average price of $87.01, for a total transaction of $870,100.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of NASDAQ:CWST opened at $89.06 on Thursday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.94 and a quick ratio of 0.88. Casella Waste Systems, Inc. has a 52-week low of $53.43 and a 52-week high of $89.84. The firm has a 50 day moving average price of $81.01. The firm has a market capitalization of $4.58 billion, a P/E ratio of 47.88, a price-to-earnings-growth ratio of 7.00 and a beta of 0.94.

Casella Waste Systems (NASDAQ:CWST) last released its earnings results on Thursday, October 28th. The industrial products company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.07. The company had revenue of $241.97 million during the quarter, compared to analysts’ expectations of $226.97 million. Casella Waste Systems had a return on equity of 11.49% and a net margin of 11.19%. The business’s revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 EPS. On average, equities research analysts anticipate that Casella Waste Systems, Inc. will post 0.88 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC increased its position in Casella Waste Systems by 118.3% in the second quarter. FMR LLC now owns 792,493 shares of the industrial products company’s stock worth $50,268,000 after buying an additional 429,408 shares during the period. Eaton Vance Management acquired a new stake in Casella Waste Systems in the first quarter worth $20,880,000. M&G Investment Management Ltd. acquired a new stake in Casella Waste Systems in the second quarter worth $15,221,000. Invesco Ltd. increased its position in Casella Waste Systems by 19.7% in the third quarter. Invesco Ltd. now owns 1,375,763 shares of the industrial products company’s stock worth $104,475,000 after buying an additional 226,071 shares during the period. Finally, Morgan Stanley increased its position in Casella Waste Systems by 270.6% in the second quarter. Morgan Stanley now owns 265,829 shares of the industrial products company’s stock worth $16,862,000 after buying an additional 194,106 shares during the period. Hedge funds and other institutional investors own 95.33% of the company’s stock.

Several brokerages have issued reports on CWST. Raymond James boosted their price objective on shares of Casella Waste Systems from $79.00 to $100.00 and gave the company a “strong-buy” rating in a research note on Monday, November 1st. Zacks Investment Research upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research report on Tuesday, November 2nd.

About Casella Waste Systems

Casella Waste Systems, Inc engages in the provision of resource management and services to residential, commercial, municipal and industrial customers, in the areas of solid waste collection, transfer, disposal, recycling and organics services. It operates through the following segments: Eastern Region, Western Region, Recycling and Other segments.

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