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John W. Casella, the CEO of Casella Waste Systems (NASDAQ:CWST), recently executed a series of stock transactions involving the company’s Class A Common Stock. On March 12, 2025, Casella acquired 5,944 shares through restricted stock units (RSUs) with no cash transaction involved. The transaction comes as the company, currently valued at $6.82 billion, maintains strong momentum with a 23.15% revenue growth in the last twelve months. The focus for investors is on his sales activity.
On the same day, Casella sold a total of 1,828 shares, followed by an additional sale of 865 shares on March 13, 2025. These transactions were conducted at prices ranging from $104.23 to $107.94 per share, resulting in a total sale value of $206,302. These sales were part of a "sell-to-cover" strategy to meet tax withholding obligations related to the vesting of previously granted RSUs. The sales were executed under pre-established instructions, not as discretionary actions by Casella. According to InvestingPro analysis, the stock currently trades at premium multiples, suggesting an overvalued status.
As of the latest transactions, Casella holds 29,509 shares of Class A Common Stock directly. The company maintains a healthy financial position with a current ratio of 2.0, and has delivered a 12.47% return over the past year. InvestingPro subscribers can access 12 additional key insights and a comprehensive analysis of CWST’s valuation metrics and growth prospects.
In other recent news, Casella Waste Systems reported significant financial results for the fourth quarter of 2024, with revenue reaching $427.5 million, surpassing the forecast of $418.58 million. This marks an 18.9% increase year-over-year, though the company missed earnings per share (EPS) expectations, posting $0.08 against the anticipated $0.16. Casella Waste Systems continues to show strong growth, with over 20% increases in revenue, adjusted EBITDA, and adjusted free cash flow for the fiscal year. The company’s strategic mergers and acquisitions, which have totaled over $1.6 billion, have been a key driver of this growth, contributing to a compound annual growth rate of 18.2% over the last five years.
Stifel analysts recently raised the stock target for Casella Waste Systems to $129, maintaining a Buy rating, indicating confidence in the company’s growth trajectory and strategic initiatives. For fiscal year 2025, Casella projects a revenue increase of 15%, expecting revenues between $1.775 and $1.805 billion, with an anticipated adjusted EBITDA growth of 16%. The company has also secured $40 million in annualized revenues year-to-date from recent deals, supporting its forecast for stable mid-single-digit organic growth. Casella Waste Systems continues to invest in technology and operational efficiencies, particularly in recycling and waste processing, as part of its strategic initiatives to capitalize on market opportunities.
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