King Luther Capital Management Corp purchased a new stake in shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 49,284 shares of the industrial products company's stock, valued at approximately $5,496,000. King Luther Capital Management Corp owned approximately 0.08% of Casella Waste Systems at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Invesco Ltd. grew its position in Casella Waste Systems by 18.3% in the first quarter. Invesco Ltd. now owns 2,165,010 shares of the industrial products company's stock worth $241,420,000 after acquiring an additional 334,790 shares in the last quarter. Global Alpha Capital Management Ltd. lifted its stake in shares of Casella Waste Systems by 0.7% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 394,942 shares of the industrial products company's stock valued at $44,040,000 after purchasing an additional 2,597 shares during the last quarter. Benjamin Edwards Inc. increased its position in shares of Casella Waste Systems by 1.0% during the 1st quarter. Benjamin Edwards Inc. now owns 10,998 shares of the industrial products company's stock valued at $1,226,000 after purchasing an additional 110 shares during the last quarter. Cynosure Group LLC lifted its position in Casella Waste Systems by 6.8% in the first quarter. Cynosure Group LLC now owns 3,000 shares of the industrial products company's stock worth $335,000 after buying an additional 192 shares during the last quarter. Finally, National Bank of Canada FI boosted its stake in Casella Waste Systems by 120.6% during the first quarter. National Bank of Canada FI now owns 33,878 shares of the industrial products company's stock worth $3,777,000 after buying an additional 18,519 shares during the period. Institutional investors own 99.51% of the company's stock.
Casella Waste Systems Stock Performance
NASDAQ:CWST traded down $0.90 during trading hours on Thursday, hitting $98.61. 444,697 shares of the company were exchanged, compared to its average volume of 455,858. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.70 and a quick ratio of 1.61. Casella Waste Systems, Inc. has a 52-week low of $97.05 and a 52-week high of $121.24. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 547.83, a PEG ratio of 4.09 and a beta of 0.83. The company's 50 day moving average price is $110.87 and its 200-day moving average price is $111.94.
Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.05. The company had revenue of $465.33 million during the quarter, compared to analyst estimates of $454.01 million. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.97%. Casella Waste Systems's revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period last year, the firm posted $0.22 EPS. As a group, research analysts forecast that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current year.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on CWST shares. William Blair reiterated an "outperform" rating on shares of Casella Waste Systems in a report on Tuesday, July 15th. Cowen reissued a "buy" rating on shares of Casella Waste Systems in a research report on Friday, June 6th. Finally, Raymond James Financial set a $125.00 price target on shares of Casella Waste Systems and gave the company a "strong-buy" rating in a research note on Monday, August 4th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Casella Waste Systems has an average rating of "Moderate Buy" and an average price target of $123.17.
Read Our Latest Analysis on Casella Waste Systems
About Casella Waste Systems
(
Free Report)
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.
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