King Luther Capital Management Corp Has $6.50 Million Stock Holdings in Casella Waste Systems, Inc. $CWST

King Luther Capital Management Corp boosted its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 13.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,323 shares of the industrial products company’s stock after buying an additional 7,823 shares during the quarter. King Luther Capital Management Corp’s holdings in Casella Waste Systems were worth $6,496,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CWST. Pictet Asset Management Holding SA lifted its holdings in Casella Waste Systems by 10,865.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 990,651 shares of the industrial products company’s stock worth $97,040,000 after buying an additional 981,617 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Casella Waste Systems by 1,106.7% during the 2nd quarter. Alliancebernstein L.P. now owns 867,285 shares of the industrial products company’s stock worth $100,067,000 after buying an additional 795,414 shares in the last quarter. UBS Group AG lifted its holdings in Casella Waste Systems by 653.2% during the 4th quarter. UBS Group AG now owns 841,897 shares of the industrial products company’s stock worth $82,455,000 after buying an additional 730,128 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Casella Waste Systems by 9.7% during the 4th quarter. Vanguard Group Inc. now owns 6,574,893 shares of the industrial products company’s stock worth $643,945,000 after buying an additional 581,310 shares in the last quarter. Finally, Capital Research Global Investors lifted its holdings in Casella Waste Systems by 39.3% during the 3rd quarter. Capital Research Global Investors now owns 2,010,818 shares of the industrial products company’s stock worth $190,786,000 after buying an additional 566,887 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

Casella Waste Systems Stock Performance

Shares of Casella Waste Systems stock opened at $86.24 on Thursday. The firm has a fifty day moving average of $83.11 and a two-hundred day moving average of $92.76. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 784.07 and a beta of 0.77. Casella Waste Systems, Inc. has a 52 week low of $74.05 and a 52 week high of $118.91. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.38 and a current ratio of 1.38.

Casella Waste Systems (NASDAQ:CWST) last issued its earnings results on Thursday, April 30th. The industrial products company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.10 by $0.10. The company had revenue of $457.33 million during the quarter, compared to analysts’ expectations of $454.49 million. Casella Waste Systems had a net margin of 0.38% and a return on equity of 5.19%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS. As a group, equities research analysts predict that Casella Waste Systems, Inc. will post 1.12 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Edmond Coletta sold 12,500 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $89.56, for a total value of $1,119,500.00. Following the completion of the sale, the chief executive officer owned 140,118 shares in the company, valued at $12,548,968.08. This represents a 8.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Kevin Drohan sold 675 shares of the company’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $92.61, for a total transaction of $62,511.75. Following the completion of the sale, the chief accounting officer owned 7,462 shares of the company’s stock, valued at approximately $691,055.82. This represents a 8.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 30,635 shares of company stock worth $2,775,533 over the last 90 days. 3.78% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Casella Waste Systems in a research report on Friday, May 22nd. JPMorgan Chase & Co. dropped their target price on shares of Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, February 23rd. Barclays upgraded shares of Casella Waste Systems from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $101.00 to $102.00 in a research report on Monday, May 4th. Raymond James Financial reiterated a “strong-buy” rating and set a $115.00 target price on shares of Casella Waste Systems in a research report on Monday, February 23rd. Finally, UBS Group dropped their target price on shares of Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Casella Waste Systems currently has an average rating of “Moderate Buy” and an average price target of $111.13.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc is a regional resource management company headquartered in Rutland, Vermont. Established in 1975, the company has grown from a single-truck operation into a multi-state provider of integrated waste management solutions. Casella offers a comprehensive range of services, including residential, commercial and industrial waste collection, transfer station operations, landfill disposal, recycling processing and organics management.

Through a network of solid waste transfer stations, recycling facilities and landfills, Casella serves communities primarily across the northeastern United States and parts of the mid-Atlantic region.