Casella Waste Systems Inc. (NASDAQ:CWST) Director Michael K. Burke sold 10,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $45.80, for a total transaction of $458,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of CWST opened at $45.12 on Thursday. The company has a debt-to-equity ratio of 5.71, a quick ratio of 0.82 and a current ratio of 0.88. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 70.00 and a beta of 0.80. The company’s 50 day simple moving average is $43.31 and its 200 day simple moving average is $38.05. Casella Waste Systems Inc. has a 1 year low of $24.61 and a 1 year high of $47.72.

Casella Waste Systems (NASDAQ:CWST) last announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $187.46 million for the quarter, compared to the consensus estimate of $184.08 million. Casella Waste Systems had a net margin of 2.69% and a return on equity of 76.51%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 earnings per share. Equities analysts expect that Casella Waste Systems Inc. will post 0.83 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dorsey Wright & Associates increased its position in Casella Waste Systems by 33.3% during the second quarter. Dorsey Wright & Associates now owns 1,028 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 257 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new position in Casella Waste Systems during the second quarter worth approximately $55,000. Quantamental Technologies LLC acquired a new position in Casella Waste Systems during the second quarter worth approximately $126,000. HBK Sorce Advisory LLC increased its position in Casella Waste Systems by 18.7% during the second quarter. HBK Sorce Advisory LLC now owns 24,255 shares of the industrial products company’s stock worth $190,000 after purchasing an additional 3,817 shares during the last quarter. Finally, FMR LLC increased its position in Casella Waste Systems by 3,567.0% during the fourth quarter. FMR LLC now owns 6,894 shares of the industrial products company’s stock worth $196,000 after purchasing an additional 6,706 shares during the last quarter. 86.41% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on the stock. BidaskClub raised shares of Casella Waste Systems from a “hold” rating to a “buy” rating in a report on Wednesday, August 7th. ValuEngine downgraded shares of Casella Waste Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Raymond James upped their price objective on shares of Casella Waste Systems from $43.00 to $52.00 and gave the company a “strong-buy” rating in a research note on Monday, August 5th. UBS Group upped their price objective on shares of Casella Waste Systems from $36.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, Zacks Investment Research downgraded shares of Casella Waste Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $44.25.

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

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