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Shelley E. Sayward, Senior Vice President and General Counsel at Casella Waste Systems Inc. (NASDAQ:CWST), recently executed a series of stock transactions involving the company’s Class A Common Stock. On March 3, 2025, Sayward sold 1,938 shares at a price of $113.35 per share, amounting to a total transaction value of $219,672. This sale was part of a "sell-to-cover" transaction to meet tax withholding obligations related to the vesting of performance-based stock units (PSUs) granted on March 11, 2022. The transaction was executed under an automatic instruction adopted on May 12, 2022, rather than a discretionary decision by Sayward. The stock is currently trading near its 52-week high of $116.31, with InvestingPro data showing the company’s market capitalization at $7.2 billion.
Earlier, on February 27, 2025, Sayward acquired 6,367 shares of Class A Common Stock at no cost, following the vesting of PSUs. This acquisition was based on the performance achievement of Casella Waste Systems from January 1, 2024, through December 31, 2024, as certified by the company’s compensation and human capital committee. After these transactions, Sayward’s direct ownership stands at 23,716 shares. According to InvestingPro analysis, the company maintains strong financial health with a ’Fair’ overall score, while analysts have set price targets ranging from $96.64 to $130 per share. Subscribers can access 12 additional ProTips and a comprehensive Pro Research Report for deeper insights into CWST’s valuation and growth prospects.
In other recent news, Casella Waste Systems reported its financial results for the fourth quarter of 2024, showing a mixed performance. The company achieved a revenue of $427.5 million, surpassing expectations and marking an 18.9% increase year-over-year. However, earnings per share (EPS) fell short, coming in at $0.08 compared to the expected $0.16. Stifel analysts responded by raising Casella Waste’s stock price target to $129 and maintaining a Buy rating, citing the company’s strong fiscal year 2024 performance and strategic growth through mergers and acquisitions.
For the full fiscal year 2024, Casella Waste Systems reported over 20% growth in revenue, adjusted EBITDA, and adjusted free cash flow. The company has projected a 15% revenue growth for 2025, with anticipated revenues between $1.775 billion and $1.805 billion. Casella’s strategic initiatives, including technology upgrades and market expansion, are expected to continue driving growth. The company also highlighted its robust deal pipeline and the potential for further acquisitions to enhance its market position.
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