Rep. Jefferson Shreve Sells Casella Waste Systems, Inc. (NASDAQ:CWST) Shares

Representative Jefferson Shreve (R-Indiana) recently sold shares of Casella Waste Systems, Inc. NASDAQ: CWST. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $50,001 and $100,000 in Casella Waste Systems stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Casella Waste Systems Trading Up 0.2%

CWST stock traded up $0.18 on Friday, hitting $108.97. 324,841 shares of the company were exchanged, compared to its average volume of 404,063. Casella Waste Systems, Inc. has a twelve month low of $91.01 and a twelve month high of $121.24. The business's fifty day moving average is $114.31 and its two-hundred day moving average is $112.48. The stock has a market capitalization of $6.92 billion, a price-to-earnings ratio of 495.34, a price-to-earnings-growth ratio of 4.27 and a beta of 0.84. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.96 and a quick ratio of 1.87.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last announced its earnings results on Thursday, May 1st. The industrial products company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.08. The business had revenue of $417.10 million during the quarter, compared to the consensus estimate of $403.64 million. Casella Waste Systems had a net margin of 0.79% and a return on equity of 4.69%. The business's quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. As a group, research analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

CWST has been the topic of a number of research analyst reports. Raymond James Financial reduced their price objective on shares of Casella Waste Systems from $135.00 to $129.00 and set a "strong-buy" rating on the stock in a research note on Tuesday. William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. TD Cowen started coverage on shares of Casella Waste Systems in a research note on Wednesday, April 9th. They set a "buy" rating and a $130.00 target price on the stock. UBS Group raised their price objective on shares of Casella Waste Systems from $130.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Finally, Cowen restated a "buy" rating on shares of Casella Waste Systems in a research report on Friday, June 6th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Casella Waste Systems presently has a consensus rating of "Moderate Buy" and an average target price of $123.83.

Insider Activity

In related news, President Edmond Coletta sold 5,562 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $119.18, for a total transaction of $662,879.16. Following the transaction, the president owned 150,093 shares of the company's stock, valued at approximately $17,888,083.74. This trade represents a 3.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.81% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Maseco LLP acquired a new position in shares of Casella Waste Systems in the second quarter worth about $25,000. Ameritas Advisory Services LLC acquired a new stake in shares of Casella Waste Systems during the 2nd quarter valued at $25,000. Geneos Wealth Management Inc. boosted its stake in shares of Casella Waste Systems by 301.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company's stock valued at $27,000 after buying an additional 184 shares during the period. Covestor Ltd boosted its stake in shares of Casella Waste Systems by 124.4% during the 4th quarter. Covestor Ltd now owns 276 shares of the industrial products company's stock valued at $29,000 after buying an additional 153 shares during the period. Finally, Quarry LP acquired a new stake in shares of Casella Waste Systems during the 4th quarter valued at $30,000. 99.51% of the stock is currently owned by institutional investors and hedge funds.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.