Lazard Asset Management LLC Takes Position in Casella Waste Systems, Inc. (NASDAQ:CWST)

Lazard Asset Management LLC bought a new stake in Casella Waste Systems, Inc. (NASDAQ:CWST) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 54,130 shares of the industrial products company’s stock, valued at approximately $5,351,000. Lazard Asset Management LLC owned approximately 0.09% of Casella Waste Systems as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Impax Asset Management Group plc acquired a new stake in shares of Casella Waste Systems in the fourth quarter valued at $5,128,000. GW&K Investment Management LLC increased its stake in shares of Casella Waste Systems by 3.5% in the fourth quarter. GW&K Investment Management LLC now owns 288,842 shares of the industrial products company’s stock valued at $24,684,000 after buying an additional 9,828 shares in the last quarter. WCM Investment Management LLC increased its stake in shares of Casella Waste Systems by 8.7% in the fourth quarter. WCM Investment Management LLC now owns 227,195 shares of the industrial products company’s stock valued at $19,543,000 after buying an additional 18,216 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Casella Waste Systems in the fourth quarter valued at $771,000. Finally, Global Alpha Capital Management Ltd. increased its position in Casella Waste Systems by 28.9% in the first quarter. Global Alpha Capital Management Ltd. now owns 270,300 shares of the industrial products company’s stock worth $26,725,000 after purchasing an additional 60,600 shares during the period. 99.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft started coverage on Casella Waste Systems in a research report on Thursday, May 23rd. They issued a “hold” rating and a $106.00 price objective for the company. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.40.

Casella Waste Systems Price Performance

Shares of CWST stock opened at $102.71 on Monday. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 328.77, a PEG ratio of 6.45 and a beta of 0.98. Casella Waste Systems, Inc. has a 12 month low of $72.97 and a 12 month high of $108.59. The stock has a 50-day moving average price of $99.96 and a 200 day moving average price of $94.93. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.96.

Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Friday, April 26th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. The company had revenue of $341.00 million during the quarter, compared to analyst estimates of $340.70 million. Casella Waste Systems had a return on equity of 4.47% and a net margin of 1.32%. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 EPS. Research analysts expect that Casella Waste Systems, Inc. will post 0.79 EPS for the current year.

Casella Waste Systems Profile

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.