Casella Waste Systems, Inc. (NASDAQ: CWST) is 18.45% higher on its value in year-to-date trading and has touched a low of $72.97 and a high of $109.08 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CWST stock was last observed hovering at around $100.56 in the last trading session, with the day’s gains setting it 0.67%.
Currently trading at $101.23, the stock is -4.34% and -3.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing 0.67% at the moment leaves the stock 6.13% off its SMA200. CWST registered 22.81% gain for a year compared to 6-month gain of 3.83%.
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The stock witnessed a -4.51% loss in the last 1 month and extending the period to 3 months gives it a 2.95%, and is -4.87% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.72% over the week and 1.85% over the month.
Casella Waste Systems, Inc. (CWST) has around 4200 employees, a market worth around $5.88B and $1.43B in sales. Current P/E ratio is 305.65 and Fwd P/E is 92.25. Profit margin for the company is 1.35%. Distance from 52-week low is 38.73% and -7.20% from its 52-week high. The company has generated returns on investments over the last 12 months (0.93%).
The EPS is expected to shrink by -37.82% this year
437.0 institutions hold shares in Casella Waste Systems, Inc. (CWST), with institutional investors hold 107.48% of the company’s shares. The shares outstanding are 57.01M, and float is at 56.55M with Short Float at 3.91%. Institutions hold 106.63% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 5.53 million shares valued at $549.1 million. The investor’s holdings represent 9.5367 of the CWST Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.11 million shares valued at $407.68 million to account for 7.0806 of the shares outstanding. The other top investors are CONESTOGA CAPITAL ADVISORS, LLC which holds 3.39 million shares representing 5.8366 and valued at over $336.06 million, while WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC holds 4.5955 of the shares totaling 2.67 million with a market value of $264.59 million.
Casella Waste Systems, Inc. (CWST) Insider Activity
The most recent transaction is an insider sale by Drohan Kevin, the company’s VP & CHIEF ACCOUNTING OFFICER. SEC filings show that Drohan Kevin sold 214 shares of the company’s common stock on Sep 03 ’24 at a price of $105.42 per share for a total of $22560.0. Following the sale, the insider now owns 2895.0 shares.
Casella Waste Systems, Inc. disclosed in a document filed with the SEC on Mar 13 ’24 that CASELLA DOUGLAS R (VICE CHAIRMAN, BD OF DIRECTORS) sold a total of 674 shares of the company’s common stock. The trade occurred on Mar 13 ’24 and was made at $94.06 per share for $63396.0. Following the transaction, the insider now directly holds 0.14 million shares of the CWST stock.
Still, SEC filings show that on Mar 14 ’24, CASELLA DOUGLAS R (VICE CHAIRMAN, BD OF DIRECTORS) disposed off 391 shares at an average price of $94.17 for $36820.0. The insider now directly holds 135,435 shares of Casella Waste Systems, Inc. (CWST).
