Casella Waste Systems Inc. (CWST) VP Christopher Heald Sells 310 Shares

Casella Waste Systems Inc. (NASDAQ:CWST) VP Christopher Heald sold 310 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $34.18, for a total transaction of $10,595.80. Following the sale, the vice president now owns 70,335 shares of the company’s stock, valued at $2,404,050.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Christopher Heald also recently made the following trade(s):

  • On Monday, March 4th, Christopher Heald sold 1,280 shares of Casella Waste Systems stock. The shares were sold at an average price of $35.09, for a total transaction of $44,915.20.
  • On Tuesday, February 26th, Christopher Heald sold 30,000 shares of Casella Waste Systems stock. The shares were sold at an average price of $35.13, for a total transaction of $1,053,900.00.
  • On Thursday, February 21st, Christopher Heald sold 6,925 shares of Casella Waste Systems stock. The shares were sold at an average price of $34.60, for a total transaction of $239,605.00.

NASDAQ CWST traded down $0.11 during trading on Friday, hitting $34.10. The company had a trading volume of 375,281 shares, compared to its average volume of 318,759. Casella Waste Systems Inc. has a one year low of $23.01 and a one year high of $36.00. The firm has a market capitalization of $1.60 billion, a PE ratio of 55.90 and a beta of 0.96.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Thursday, February 21st. The industrial products company reported $0.09 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 114.82% and a net margin of 0.97%. The company had revenue of $174.72 million during the quarter, compared to the consensus estimate of $172.12 million. During the same quarter last year, the company posted $0.11 earnings per share. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. Research analysts expect that Casella Waste Systems Inc. will post 0.8 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of CWST. First Trust Advisors LP raised its holdings 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 worth $4,741,000 after purchasing an additional 19,713 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Casella Waste Systems in the 3rd quarter worth $380,000. Acadian Asset Management LLC bought a new position in Casella Waste Systems in the 3rd quarter worth $152,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Casella Waste Systems in the 3rd quarter worth $678,000. Finally, GW&K Investment Management LLC raised its holdings in Casella Waste Systems by 1.6% in the 3rd quarter. GW&K Investment Management LLC now owns 483,468 shares of the industrial products company’s stock worth $15,017,000 after purchasing an additional 7,696 shares in the last quarter. Institutional investors and hedge funds own 86.02% of the company’s stock.

A number of equities research analysts recently commented on the stock. BidaskClub upgraded shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Thursday, February 14th. Stifel Nicolaus lowered shares of 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 lowered shares of Casella Waste Systems from a “hold” rating to a “sell” rating in a report on Monday, January 28th. ValuEngine lowered shares of Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 11th. Finally, KeyCorp assumed coverage on shares of Casella Waste Systems in a report on Monday, February 4th. They set a “sector weight” rating for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. Casella Waste Systems presently has a consensus rating of “Buy” and a consensus price target of $35.33.

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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.

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