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

King Luther Capital Management Corp increased its position in shares of Casella Waste Systems, Inc. (NASDAQ:CWST) by 13.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 owned 0.10% of Casella Waste Systems worth $6,496,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Harbour Investments Inc. acquired a new stake in Casella Waste Systems during the fourth quarter worth about $167,000. Summitry LLC grew its position in Casella Waste Systems by 35.0% during the fourth quarter. Summitry LLC now owns 5,802 shares of the industrial products company’s stock worth $568,000 after buying an additional 1,504 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Casella Waste Systems by 0.9% during the fourth quarter. Fisher Asset Management LLC now owns 27,677 shares of the industrial products company’s stock valued at $2,711,000 after purchasing an additional 236 shares in the last quarter. Clearstead Advisors LLC boosted its holdings in Casella Waste Systems by 172.0% during the fourth quarter. Clearstead Advisors LLC now owns 2,108 shares of the industrial products company’s stock valued at $206,000 after purchasing an additional 1,333 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Casella Waste Systems by 134.4% during the fourth quarter. Legal & General Group Plc now owns 157,552 shares of the industrial products company’s stock valued at $15,431,000 after purchasing an additional 90,340 shares in the last quarter. 99.51% of the stock is owned by institutional investors and hedge funds.

Casella Waste Systems Stock Performance

NASDAQ:CWST opened at $86.24 on Thursday. Casella Waste Systems, Inc. has a 1 year low of $74.05 and a 1 year high of $118.91. The firm has a 50 day moving average of $83.11 and a 200-day moving average of $92.76. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $5.49 billion, a P/E ratio of 784.07 and a beta of 0.77.

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

Insider Buying and Selling

In other news, CFO Bradford John Helgeson sold 405 shares of Casella Waste Systems stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $87.73, for a total value of $35,530.65. Following the completion of the transaction, the chief financial officer owned 7,342 shares in the company, valued at approximately $644,113.66. The trade was a 5.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Edmond Coletta sold 12,500 shares of Casella Waste Systems stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $89.56, for a total transaction of $1,119,500.00. Following the completion of the transaction, the chief executive officer owned 140,118 shares of the company’s stock, valued at $12,548,968.08. This trade represents a 8.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 30,635 shares of company stock valued at $2,775,533 in the last ninety days. 3.78% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CWST shares. UBS Group decreased their price objective on Casella Waste Systems from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Casella Waste Systems in a report on Friday, May 22nd. Barclays raised Casella Waste Systems from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $101.00 to $102.00 in a report on Monday, May 4th. JPMorgan Chase & Co. decreased their price objective on Casella Waste Systems from $112.00 to $110.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $115.00 price objective on shares of Casella Waste Systems in a report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Casella Waste Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.13.

About Casella Waste Systems

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.