Insider Selling: Casella Waste Systems Inc. (CWST) General Counsel Sells 1,837 Shares of Stock


Casella Waste Systems Inc. (NASDAQ:CWST) General Counsel David L. Schmitt sold 1,837 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $35.06, for a total value of $64,405.22. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Casella Waste Systems stock traded down $1.09 during trading on Monday, hitting $34.70. 291,652 shares of the company were exchanged, compared to its average volume of 331,006. Casella Waste Systems Inc. has a 52 week low of $23.01 and a 52 week high of $36.00. The company has a market capitalization of $1.51 billion, a P/E ratio of 56.89 and a beta of 0.90.


Get Casella Waste Systems alerts:

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings results on Thursday, February 21st. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). Casella Waste Systems had a negative return on equity of 103.42% and a net margin of 0.97%. The company had revenue of $174.72 million for the quarter, compared to the consensus estimate of $172.12 million. During the same quarter last year, the company posted $0.11 EPS. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Casella Waste Systems Inc. will post 0.8 EPS for the current fiscal year.


Several brokerages recently issued reports on CWST. ValuEngine upgraded Casella Waste Systems from a “buy” rating to a “strong-buy” rating in a report on Thursday. BidaskClub upgraded Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Thursday, February 14th. Stifel Nicolaus downgraded Casella Waste Systems from a “buy” rating to a “hold” rating and set a $35.00 price target for the company. in a report on Friday, February 22nd. Zacks Investment Research downgraded Casella Waste Systems from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Finally, KeyCorp began coverage on Casella Waste Systems in a report on Monday, February 4th. They set a “sector weight” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned 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 a consensus price target of $32.75.


A number of institutional investors have recently made changes to their positions in CWST. Northern Trust Corp grew its stake in Casella Waste Systems by 3.8% in the 2nd quarter. Northern Trust Corp now owns 461,257 shares of the industrial products company’s stock valued at $11,812,000 after purchasing an additional 16,682 shares during the period. First Trust Advisors LP grew its stake in Casella Waste Systems by 14.8% in the 3rd quarter. First Trust Advisors LP now owns 152,646 shares of the industrial products company’s stock valued at $4,741,000 after purchasing an additional 19,713 shares during the period. Oppenheimer Asset Management Inc. grew its stake in Casella Waste Systems by 14.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 41,440 shares of the industrial products company’s stock valued at $1,287,000 after purchasing an additional 5,234 shares during the period. Assenagon Asset Management S.A. bought a new position in Casella Waste Systems in the 3rd quarter valued at $380,000. Finally, Acadian Asset Management LLC bought a new position in Casella Waste Systems in the 3rd quarter valued at $152,000. Institutional investors and hedge funds own 85.61% of the company’s stock.


COPYRIGHT VIOLATION WARNING: This piece was reported by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at www.tickerreport.com/banking-finance/4197089/insider-selling-casella-waste-systems-inc-cwst-general-counsel-sells-1837-shares-of-stock.html.

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.

Read More: How to Invest in the Dividend Aristocrat Index

Insider Buying and Selling by Quarter for Casella Waste Systems (NASDAQ:CWST)

Leave a Reply

Your email address will not be published.