Casella Waste Systems, Inc. (NASDAQ:CWST) SVP Paul Ligon Sells 2,000 Shares of Stock

Casella Waste Systems, Inc. (NASDAQ:CWST) SVP Paul Ligon sold 2,000 shares of the business’s stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $118.67, for a total transaction of $237,340.00. Following the completion of the sale, the senior vice president now directly owns 20,347 shares in the company, valued at $2,414,578.49. This trade represents a 8.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Casella Waste Systems Stock Performance

Shares of NASDAQ:CWST opened at $118.30 on Friday. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 514.35, a P/E/G ratio of 3.86 and a beta of 0.96. The firm’s 50 day simple moving average is $111.08 and its 200 day simple moving average is $108.02. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.00 and a quick ratio of 2.48. Casella Waste Systems, Inc. has a fifty-two week low of $86.41 and a fifty-two week high of $120.69.

Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Wednesday, February 12th. The industrial products company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.25. Casella Waste Systems had a net margin of 0.87% and a return on equity of 4.15%. As a group, sell-side analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CWST. Mather Group LLC. increased its holdings in shares of Casella Waste Systems by 1,606.7% in the fourth quarter. Mather Group LLC. now owns 256 shares of the industrial products company’s stock worth $27,000 after acquiring an additional 241 shares in the last quarter. Covestor Ltd increased its stake in Casella Waste Systems by 124.4% during the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 153 shares in the last quarter. Quarry LP acquired a new stake in Casella Waste Systems during the 4th quarter worth approximately $30,000. NBC Securities Inc. bought a new position in Casella Waste Systems in the first quarter valued at approximately $31,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Casella Waste Systems by 156.5% in the fourth quarter. Jones Financial Companies Lllp now owns 318 shares of the industrial products company’s stock valued at $34,000 after buying an additional 194 shares during the period. 99.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CWST has been the subject of several recent research reports. TD Cowen assumed coverage on shares of Casella Waste Systems in a research report on Wednesday, April 9th. They issued a “buy” rating and a $130.00 price target for the company. Stifel Nicolaus boosted their price target on Casella Waste Systems from $127.00 to $129.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. William Blair reiterated an “outperform” rating on shares of Casella Waste Systems in a research note on Friday, February 14th. Raymond James restated a “strong-buy” rating on shares of Casella Waste Systems in a research note on Wednesday. Finally, UBS Group lifted their price target on shares of Casella Waste Systems from $130.00 to $135.00 and gave the company a “buy” rating in a report on Friday, April 11th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Casella Waste Systems presently has a consensus rating of “Moderate Buy” and an average price target of $122.67.

About Casella Waste Systems

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.