Insider Selling: Casella Waste Systems VP David L. Schmitt Sells 4,083 Shares of Stock (CWST)
Casella Waste Systems (NASDAQ:CWST) VP David L. Schmitt sold 4,083 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $4.94, for a total value of $20,170.02. Following the transaction, the vice president now directly owns 63,987 shares in the company, valued at approximately $316,096. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Casella Waste Systems (NASDAQ:CWST) traded down 0.20% during mid-day trading on Thursday, hitting $5.08. 47,348 shares of the company’s stock traded hands. Casella Waste Systems has a 1-year low of $4.42 and a 1-year high of $6.20. The stock’s 50-day moving average is $5.36 and its 200-day moving average is $5.31. The company’s market cap is $203.8 million.
Casella Waste Systems (NASDAQ:CWST) last posted its quarterly earnings results on Wednesday, June 25th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by $0.14. The company had revenue of $118.90 million for the quarter, compared to the consensus estimate of $111.49 million. During the same quarter in the previous year, the company posted ($0.22) earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts predict that Casella Waste Systems will post $-0.20 earnings per share for the current fiscal year.
CWST has been the subject of a number of recent research reports. Analysts at Wedbush reiterated an “outperform” rating on shares of Casella Waste Systems in a research note on Monday. They now have a $6.00 price target on the stock, down previously from $6.50. Separately, analysts at Imperial Capital cut their price target on shares of Casella Waste Systems from $7.50 to $6.50 in a research note on Friday, June 27th. They now have an “outperform” rating on the stock. Finally, analysts at Wunderlich cut their price target on shares of Casella Waste Systems from $6.00 to $5.50 in a research note on Friday, June 27th. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Casella Waste Systems has an average rating of “Hold” and an average price target of $6.38.
Casella Waste Systems, Inc is a vertically integrated solid waste, recycling, and resource management services company.
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