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

Casella Waste Systems, Inc. (NASDAQ:CWST - Get Free Report) CFO Bradford John Helgeson sold 197 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $106.68, for a total value of $21,015.96. Following the completion of the sale, the chief financial officer now directly owns 3,548 shares in the company, valued at $378,500.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Casella Waste Systems Price Performance

NASDAQ:CWST traded up $0.09 during mid-day trading on Friday, hitting $106.59. The company's stock had a trading volume of 348,399 shares, compared to its average volume of 346,304. The company has a market capitalization of $6.75 billion, a price-to-earnings ratio of 888.25, a P/E/G ratio of 6.34 and a beta of 0.99. The company has a current ratio of 2.55, a quick ratio of 2.48 and a debt-to-equity ratio of 0.68. Casella Waste Systems, Inc. has a fifty-two week low of $77.38 and a fifty-two week high of $109.08. The stock has a fifty day moving average of $102.34 and a 200-day moving average of $100.92.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last issued its 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). The company had revenue of $411.63 million during the quarter, compared to analyst estimates of $412.59 million. Casella Waste Systems had a return on equity of 3.04% and a net margin of 0.46%. The company's quarterly revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. As a group, equities analysts forecast that Casella Waste Systems, Inc. will post 0.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Raymond James increased 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. Stifel Nicolaus reissued 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 began coverage on Casella Waste Systems in a report on Thursday, October 3rd. They issued an "outperform" rating for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Casella Waste Systems from $114.00 to $107.00 and set a "hold" rating for the company in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Casella Waste Systems presently has a consensus rating of "Moderate Buy" and an average price target of $111.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. New Covenant Trust Company N.A. acquired a new stake in shares of Casella Waste Systems during the 1st quarter worth about $26,000. Opal Wealth Advisors LLC acquired a new stake in shares of Casella Waste Systems during the second quarter worth approximately $29,000. GAMMA Investing LLC raised its stake in shares of Casella Waste Systems by 76.4% in the second quarter. GAMMA Investing LLC now owns 321 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 139 shares during the last quarter. Mark Sheptoff Financial Planning LLC boosted its holdings in shares of Casella Waste Systems by 100.0% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 1,000 shares of the industrial products company's stock worth $99,000 after acquiring an additional 500 shares in the last quarter. Finally, Liberty One Investment Management LLC bought a new stake in Casella Waste Systems during the 2nd quarter worth approximately $167,000. 99.51% of the stock is owned by institutional investors.

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.