King Luther Capital Management Corp Purchases 10,042 Shares of Casella Waste Systems, Inc. $CWST

King Luther Capital Management Corp boosted its holdings in Casella Waste Systems, Inc. (NASDAQ:CWST) by 20.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 58,500 shares of the industrial products company’s stock after purchasing an additional 10,042 shares during the quarter. King Luther Capital Management Corp’s holdings in Casella Waste Systems were worth $5,550,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Alliancebernstein L.P. grew its position in shares of Casella Waste Systems by 1,106.7% during the second quarter. Alliancebernstein L.P. now owns 867,285 shares of the industrial products company’s stock worth $100,067,000 after purchasing an additional 795,414 shares in the last quarter. Norges Bank bought a new position in Casella Waste Systems in the 2nd quarter worth approximately $55,948,000. Invesco Ltd. grew its holdings in Casella Waste Systems by 20.0% during the 2nd quarter. Invesco Ltd. now owns 2,597,599 shares of the industrial products company’s stock valued at $299,711,000 after buying an additional 432,589 shares in the last quarter. Wasatch Advisors LP grew its holdings in Casella Waste Systems by 14.4% during the 2nd quarter. Wasatch Advisors LP now owns 3,412,123 shares of the industrial products company’s stock valued at $393,691,000 after buying an additional 428,909 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Casella Waste Systems by 72.1% during the third quarter. Voya Investment Management LLC now owns 536,376 shares of the industrial products company’s stock valued at $50,891,000 after buying an additional 224,691 shares during the last quarter. 99.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CWST has been the subject of several research analyst reports. JPMorgan Chase & Co. assumed coverage on shares of Casella Waste Systems in a research note on Thursday, December 11th. They set a “neutral” rating and a $112.00 target price for the company. The Goldman Sachs Group reduced their target price on Casella Waste Systems from $125.00 to $111.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Casella Waste Systems in a research report on Monday, December 29th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $120.00 price objective on shares of Casella Waste Systems in a report on Monday, November 3rd. Finally, UBS Group raised their target price on shares of Casella Waste Systems from $135.00 to $140.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $114.33.

Casella Waste Systems Trading Down 1.0%

Shares of NASDAQ CWST opened at $101.28 on Friday. Casella Waste Systems, Inc. has a 1-year low of $82.22 and a 1-year high of $121.24. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.51 and a quick ratio of 1.43. The business’s 50 day moving average is $102.26 and its two-hundred day moving average is $96.27. The stock has a market capitalization of $6.43 billion, a P/E ratio of 422.02 and a beta of 0.79.

Casella Waste Systems (NASDAQ:CWST) last announced its earnings results on Thursday, February 19th. The industrial products company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. Casella Waste Systems had a return on equity of 5.63% and a net margin of 0.85%.The firm had revenue of $469.06 million during the quarter, compared to analysts’ expectations of $471.32 million. During the same quarter in the previous year, the business earned $0.41 EPS. The company’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, research analysts expect that Casella Waste Systems, Inc. will post 1.16 EPS for the current year.

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.