Casella Waste Systems president Coletta Edmond sells $661,354 in stock

RUTLAND, VT—Coletta Edmond, President of Casella Waste Systems Inc. (NASDAQ:CWST), a $6.8 billion market cap waste management company that has delivered 23% revenue growth over the last twelve months, recently sold a significant portion of the company’s Class A Common Stock, according to a recent SEC filing. The transactions, which occurred on March 12 and 13, involved sales totaling $661,354.

The sales were conducted in multiple transactions with prices ranging from $104.07 to $106.33 per share. On March 12, Edmond sold shares at prices between $106.30 and $106.38, totaling $96,261. Another sale on the same day at $106.35 per share amounted to $40,093. The following day, March 13, Edmond executed a larger transaction, selling shares at $105.00 per share, totaling $525,000. According to InvestingPro analysis, the stock is currently trading above its Fair Value, with multiple valuation metrics showing premium levels.

These transactions were part of a "sell-to-cover" strategy to satisfy tax withholding obligations related to the vesting of previously granted Restricted Stock Units (RSUs). This strategy was executed under pre-established instructions and does not represent discretionary sales by Edmond.

Following these transactions, Edmond’s direct ownership in Casella Waste Systems stands at 155,655 shares.

In other recent news, Casella Waste Systems reported a notable increase in revenue for the fourth quarter of 2024, reaching $427.5 million, which exceeded forecasts and marked an 18.9% rise from the previous year. However, the company’s earnings per share (EPS) fell short of expectations, coming in at $0.08 compared to the anticipated $0.16. Despite this, the company achieved over 20% growth in adjusted EBITDA and adjusted free cash flow for the fiscal year. Stifel analysts responded to these results by raising Casella Waste’s stock price target to $129, maintaining a Buy rating, reflecting confidence in the company’s growth trajectory. The company has been actively pursuing strategic mergers and acquisitions, with investments exceeding $1.6 billion, contributing to a compound annual growth rate of 18.2% in adjusted EBITDA over the past five years. Looking ahead, Casella Waste is projecting a revenue growth of 15% for 2025, with anticipated revenues between $1.775 and $1.805 billion. The company’s deal pipeline remains robust, and additional deals could further enhance its growth outlook. These developments underscore Casella Waste’s strategic initiatives and market expansion efforts.

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