Casella Waste Systems, Inc. (NASDAQ:CWST) Director Michael K. Burke sold 31,500 shares of Casella Waste Systems stock in a transaction on Friday, September 15th. The shares were sold at an average price of $17.93, for a total value of $564,795.00. Following the transaction, the director now owns 116,514 shares of the company’s stock, valued at approximately $2,089,096.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Casella Waste Systems, Inc. (CWST) traded down 1.569% during mid-day trading on Monday, hitting $17.885. The company’s stock had a trading volume of 152,305 shares. The company’s market cap is $751.81 million. Casella Waste Systems, Inc. has a 12-month low of $8.83 and a 12-month high of $18.38. The firm’s 50-day moving average is $16.75 and its 200-day moving average is $15.25.

Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. Casella Waste Systems had a negative return on equity of 60.26% and a negative net margin of 10.01%. The firm had revenue of $154.02 million during the quarter, compared to analyst estimates of $149.88 million. During the same quarter in the prior year, the business posted $0.12 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Analysts predict that Casella Waste Systems, Inc. will post $0.61 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of CWST. Bank of Montreal Can lifted its holdings in shares of Casella Waste Systems by 197.6% during the 1st quarter. Bank of Montreal Can now owns 20,864 shares of the industrial products company’s stock valued at $294,000 after purchasing an additional 13,853 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Casella Waste Systems by 130.6% during the 1st quarter. Nationwide Fund Advisors now owns 57,327 shares of the industrial products company’s stock valued at $809,000 after purchasing an additional 32,466 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Casella Waste Systems by 21.6% during the 1st quarter. Russell Investments Group Ltd. now owns 311,743 shares of the industrial products company’s stock valued at $4,399,000 after purchasing an additional 55,336 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Casella Waste Systems by 0.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 22,853 shares of the industrial products company’s stock valued at $322,000 after purchasing an additional 151 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Casella Waste Systems by 25.3% during the 1st quarter. Bank of New York Mellon Corp now owns 414,241 shares of the industrial products company’s stock valued at $5,845,000 after purchasing an additional 83,729 shares during the last quarter. Hedge funds and other institutional investors own 77.40% of the company’s stock.

CWST has been the subject of a number of recent research reports. Barclays PLC initiated coverage on Casella Waste Systems in a research note on Friday, June 23rd. They set an “overweight” rating and a $19.00 price objective for the company. BidaskClub cut Casella Waste Systems from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research upgraded Casella Waste Systems from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a research note on Friday, July 7th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $16.00 price objective on shares of Casella Waste Systems in a research note on Wednesday, July 19th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Casella Waste Systems currently has an average rating of “Buy” and an average target price of $16.83.

About Casella Waste Systems

Casella Waste Systems, Inc is a solid waste services company. The Company provides resource management services to residential, commercial, municipal and industrial customers, primarily in the areas of solid waste collection and disposal, transfer, recycling and organics services. It manages its solid waste operations on a geographic basis through two regional operating segments: Eastern and Western regions, each of which provides a range of solid waste services, and its recycling and commodity brokerage operations through its Recycling segment.

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

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