Casella Waste Systems (NASDAQ:CWST) Director Gregory B. Peters sold 4,300 shares of Casella Waste Systems stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $23.28, for a total value of $100,104.00. Following the transaction, the director now directly owns 92,291 shares in the company, valued at approximately $2,148,534.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Casella Waste Systems stock opened at $24.08 on Thursday. The company has a market capitalization of $1,010.96, a price-to-earnings ratio of -43.84 and a beta of 0.79. Casella Waste Systems has a fifty-two week low of $12.86 and a fifty-two week high of $27.38. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of -12.61.
Casella Waste Systems (NASDAQ:CWST) last issued its quarterly earnings results on Thursday, March 1st. The industrial products company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). The business had revenue of $151.20 million for the quarter, compared to the consensus estimate of $145.30 million. Casella Waste Systems had a negative return on equity of 58.61% and a negative net margin of 3.64%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 earnings per share. analysts anticipate that Casella Waste Systems will post 0.73 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of the stock. Fairpointe Capital LLC bought a new stake in Casella Waste Systems during the fourth quarter worth $1,917,000. MetLife Investment Advisors LLC bought a new stake in Casella Waste Systems during the fourth quarter worth $464,000. Gotham Asset Management LLC bought a new stake in Casella Waste Systems during the fourth quarter worth $340,000. Metropolitan Life Insurance Co. NY bought a new stake in shares of Casella Waste Systems in the fourth quarter valued at $299,000. Finally, Millennium Management LLC raised its stake in shares of Casella Waste Systems by 91.1% in the fourth quarter. Millennium Management LLC now owns 712,154 shares of the industrial products company’s stock valued at $16,394,000 after buying an additional 339,447 shares during the period. Institutional investors and hedge funds own 81.22% of the company’s stock.
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Casella Waste Systems Company Profile
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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