Insider Decision: Michael K Burke Offloads $203K Worth Of Casella Waste Sys Stock
Michael K Burke, a Board Member at Casella Waste Systems, disclosed an insider sell on November 25th, according to a recent SEC filing. He sold 1,800 shares of Casella Waste Systems, totaling $203,184. As of Tuesday morning, Casella Waste Systems shares are up by 0.08% and are currently priced at $113.0.
Casella Waste Systems is a solid waste removal company that offers resource management services to residential, commercial, municipal, and industrial customers. The company generates the majority of its revenue from the Western region segment. Their services include recycling, collection, organics, energy, landfills, special waste, and professional services.
In terms of financial performance, Casella Waste Systems has seen significant revenue growth, with a growth rate of approximately 16.7% as of September 30, 2024. However, the company has a low gross margin of 35.11%, signaling potential struggles in cost efficiency compared to its peers. Their earnings per share (EPS) is below the industry average at 0.1, suggesting a potential decline in earnings. Despite a debt-to-equity ratio below the industry average at 0.76, the company’s valuation metrics indicate that the stock may be overvalued.
Insider transactions, such as Michael K Burke’s recent sell-off, should be viewed as part of a broader analysis and not the sole basis for investment decisions. Insider transactions are required to be disclosed through Form 4 filings within two business days of the transaction. An insider’s purchase can signal positive anticipation for stock growth, while sells may be motivated by various factors.
When analyzing insider transactions, investors look for codes on the Form 4 filing. A “P” in Box 3 indicates a purchase, while “S” indicates a sale. Understanding these transaction codes can provide valuable insights into insider sentiment and potential stock movements. For a full list of Casella Waste Systems’ insider trades, investors can refer to the official filings.
For real-time updates on insider trades and to stay informed about potential stock movements driven by insider confidence, investors can utilize tools like Benzinga Edge. Keeping track of insider transactions can offer valuable insights for making informed investment decisions.
