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Douglas R. Casella, Vice Chairman of the Board of Directors at Casella Waste Systems Inc. (NASDAQ:CWST), recently sold shares of the company’s Class A common stock. On March 10, Casella executed a series of transactions, selling a total of 5,387 shares. The shares were sold at prices ranging from $111.32 to $112.38, amounting to a total value of approximately $603,028. The transaction comes as the $6.69 billion waste management company trades near its 52-week high, with impressive revenue growth of 23% over the past year. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
Following these transactions, Casella retains ownership of 107,875 shares of Class A common stock. Additionally, he holds varying amounts of Class B common stock, both directly and indirectly, through trusts and his spouse. InvestingPro subscribers can access 12 additional key insights about CWST, including detailed financial health metrics and growth projections. Get the complete picture with the comprehensive Pro Research Report, available for over 1,400 US stocks.
In other recent news, Casella Waste Systems reported a strong financial performance for the fiscal year 2024, with over 20% growth in revenue, adjusted EBITDA, and adjusted free cash flow. The company achieved a revenue of $427.5 million in the fourth quarter, surpassing expectations, although earnings per share (EPS) fell short at $0.08 compared to the forecasted $0.16. Casella Waste’s strategic mergers and acquisitions, totaling over $1.6 billion, have significantly contributed to its growth, despite the typical margin dilution associated with such activities. Looking ahead, the company projects a 15% revenue growth for 2025, with anticipated revenues between $1.775 and $1.805 billion. Analysts at Stifel have responded positively, raising the price target for Casella Waste shares to $129 and maintaining a Buy rating, reflecting confidence in the company’s growth trajectory. The company continues to focus on technology and operational efficiencies, with advancements in recycling and waste processing. Casella Waste’s deal pipeline remains robust, with expectations of further acquisitions in 2025.
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