Casella Waste Systems, Inc., together with its subsidiaries, operates as a vertically integrated solid waste services company in the northeastern 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, and industrial customers. The company provides a range of non-hazardous solid waste services, including collections, transfer stations, and disposal facilities. It also markets recyclable metals, aluminum, plastics, and paper and corrugated cardboard that are processed at its facilities, as well as recyclables purchased from third parties. In addition, the company is involved in commodity brokerage operations. As of April 15, 2021, it owned and/or operated 46 solid waste collection operations, 58 transfer stations, 20 recycling facilities, 8 Subtitle D landfills, 4 landfill gas-to-energy facilities, and 1 landfill permitted to accept construction and demolition materials. The company was founded in 1975 and is headquartered in Rutland, Vermont.
IPO Year: 1997
Exchange: NASDAQ
Website: casella.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/3/2024 | Outperform | William Blair | |
| 5/23/2024 | Hold | Deutsche Bank | |
| 11/27/2023 | $95.00 | Overweight | Wells Fargo |
| 10/17/2023 | $96.00 | Outperform | Wolfe Research |
| 9/15/2023 | $100.00 | Buy | Goldman |
| 1/13/2023 | $87.00 → $81.00 | Neutral → Underperform | BofA Securities |
| 1/10/2023 | $90.00 → $95.00 | Neutral → Buy | UBS |
| 10/25/2022 | $103.00 → $95.00 | Buy | Jefferies |
| 2/22/2022 | $95.00 → $92.00 | Strong Buy | Raymond James |
| 1/10/2022 | $100.00 → $95.00 | Strong Buy | Raymond James |
4 - CASELLA WASTE SYSTEMS INC (0000911177) (Issuer)
4 - CASELLA WASTE SYSTEMS INC (0000911177) (Issuer)
4 - CASELLA WASTE SYSTEMS INC (0000911177) (Issuer)
4 - CASELLA WASTE SYSTEMS INC (0000911177) (Issuer)
4 - CASELLA WASTE SYSTEMS INC (0000911177) (Issuer)
4 - CASELLA WASTE SYSTEMS INC (0000911177) (Issuer)
4 - CASELLA WASTE SYSTEMS INC (0000911177) (Issuer)
4 - CASELLA WASTE SYSTEMS INC (0000911177) (Issuer)
4 - CASELLA WASTE SYSTEMS INC (0000911177) (Issuer)
4 - CASELLA WASTE SYSTEMS INC (0000911177) (Issuer)
RUTLAND, Vt., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. ("Casella") (NASDAQ:CWST), a regional solid waste, recycling and resource management services company, today announced an offering of up to $45.0 million aggregate principal amount of the Finance Authority of Maine (the "Authority") Solid Waste Disposal Revenue Bonds (Casella Waste Systems, Inc. Project) Series 2024 (the "Bonds") under an indenture between the Authority and the bond trustee. The Bonds will be guaranteed under a guaranty (the "Guaranty") by substantially all of Casella's subsidiaries (the "Guarantors"), as required by the terms of the financing agreement between the Authority and Casella (the "Finan
RUTLAND, Vt., Nov. 01, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ:CWST), a regional solid waste, recycling, and resource management services company, announced today that the company's management will be participating at the following investor conferences: •Baird 2024 Global Industrial Conference Tuesday, November 12, 2024•Goldman Sachs Industrials and Materials Conference Thursday, December 5, 2024 A copy of the presentation material will be available before the Company presents and may be accessed in the "Events & Presentations" section of the company's investor website at http://ir.casella.com. Where applicable, a live webcast link will be posted on the com
RUTLAND, Vt., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ:CWST), a regional solid waste, recycling, and resource management services company, will release its financial results for the three months ended September 30, 2024 after the market closes on Wednesday, October 30, 2024. The company will host a conference call to discuss these results on Thursday, October 31, 2024 at 10:00 a.m. Eastern Time. Individuals interested in participating in the call should register by clicking here to obtain dial in and passcode details. The call will also be webcast; to listen, participants should visit the company's website at http://ir.casella.com and follow the appropriate l
RUTLAND, Vt., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ:CWST), a regional solid waste, recycling, and resource management services company, today announced that it has entered into a $1.5 billion amended and restated credit agreement with Bank of America, N.A. as administrative agent and lender and a syndicate of other lenders (the "Credit Facility"). The Credit Facility matures on September 27, 2029 and replaces the Company's prior $1.08 billion credit facility. The Credit Facility provides for an $800 million term loan A facility and a $700 million revolving credit facility, with a $155 million sublimit for letters of credit. The revolving credit facility wa
RUTLAND, Vt., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ:CWST), a regional solid waste, recycling and resource management services company, announced today the closing of its previously announced underwritten public offering of shares of its Class A common stock, including the full exercise of the underwriters' option to purchase an additional 675,000 shares, at a public offering price of $100.00 per share, before underwriting discounts. The exercise of the underwriters' option to purchase additional shares brought the total number of shares of Class A common stock sold by Casella in the offering to 5,175,000 and increased the aggregate gross proceeds from the o
RUTLAND, Vt., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ:CWST), a regional solid waste, recycling and resource management services company, announced today the pricing of an underwritten public offering of 4,500,000 shares of its Class A common stock at a public offering price of $100.00 per share, for total gross proceeds of approximately $450.0 million, before deducting underwriting discounts and offering expenses. Casella also granted the underwriters of the offering an option for a period of 30 days to purchase up to an additional 675,000 shares of Class A common stock at the public offering price, less the underwriting discounts. All of the shares in the of
RUTLAND, Vt., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ:CWST), a regional solid waste, recycling and resource management services company, announced today that it has commenced a proposed underwritten public offering of $400 million of its Class A common stock. Casella also intends to grant the underwriters an option for a period of 30 days to purchase up to an additional 15% of the shares of its Class A common stock sold in the public offering. All of the shares in the offering are to be sold by Casella. Casella intends to use the net proceeds from the offering to finance its previously announced acquisition of Royal Carting and Welsh Sanitation, to repay bor
RUTLAND, Vt., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ:CWST), a regional solid waste, recycling, and resource management services company (the "Company"), announced that it has entered into a definitive agreement to acquire Royal Carting and Welsh Sanitation (collectively, "Royal") and related real estate assets. The acquisition is expected to close in the fourth quarter, subject to customary closing conditions, including regulatory approvals. The pending acquisition includes two solid waste collection operations and two transfer stations in New York's Middle and Lower Hudson Valley regions and western Connecticut, which will extend the Company's service te
RUTLAND, Vt., Sept. 06, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ:CWST) ("Casella"), a regional solid waste, recycling, and resource management services company, recently honored three organizations for their leadership in sustainability as part of Casella's annual Sustainability Leadership Awards. The Casella Sustainability Leadership Awards recognize partners and customers who best exemplify what we can achieve when we work together to reduce waste, increase recycling, and advance the circular economy. Each year, winners are selected from an inspiring slate of nominees, including municipalities, businesses, manufacturers, and higher education and healthcare institutio
Clean Harbors, Inc. ("Clean Harbors" or "the Company") (NYSE:CLH), the leading provider of environmental and industrial services throughout North America, today announced that Co-Chief Executive Officers Michael Battles and Eric Gerstenberg have joined the Company's Board of Directors, effective immediately. "Eric and Mike are talented, proven executives with lengthy track records of valuable contributions to Clean Harbors," said Alan S. McKim, the Company's Founder, Executive Chairman and Chief Technology Officer. "The first year and a half under their leadership as co-CEOs has been an incredibly successful period for the Company, its employees and its shareholders as we execute our Visi
Casella Waste Sys (NASDAQ:CWST) has outperformed the market over the past 5 years by 7.53% on an annualized basis producing an average annual return of 20.7%. Currently, Casella Waste Sys has a market capitalization of $6.20 billion. Buying $1000 In CWST: If an investor had bought $1000 of CWST stock 5 years ago, it would be worth $2,537.07 today based on a price of $106.76 for CWST at the time of writing. Casella Waste Sys's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automa
Casella Waste Sys (NASDAQ:CWST) has outperformed the market over the past 20 years by 2.81% on an annualized basis producing an average annual return of 11.31%. Currently, Casella Waste Sys has a market capitalization of $6.13 billion. Buying $100 In CWST: If an investor had bought $100 of CWST stock 20 years ago, it would be worth $857.80 today based on a price of $105.51 for CWST at the time of writing. Casella Waste Sys's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automa
Casella Waste Sys's (NYSE:CWST) short percent of float has risen 11.58% since its last report. The company recently reported that it has 1.97 million shares sold short, which is 3.47% of all regular shares that are available for trading. Based on its trading volume, it would take traders 8.4 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inter
Deutsche Bank analyst Faiza Alwy initiates coverage on Casella Waste Sys (NASDAQ:CWST) with a Hold rating and announces Price Target of $106.
Casella Waste Sys's (NYSE:CWST) short percent of float has fallen 4.88% since its last report. The company recently reported that it has 1.55 million shares sold short, which is 2.73% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.8 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inter
The company reaffirmed its revenue, net income, Adjusted EBITDA, net cash provided by operating activities, and Adjusted Free Cash Flow ranges for fiscal year 2024.
Casella Waste Sys (NASDAQ:CWST) reported quarterly losses of $(0.01) per share which beat the analyst consensus estimate of $(0.02) by 50 percent. This is a 110 percent decrease over earnings of $0.10 per share from the same period last year. The company reported quarterly sales of $341.008 million which beat the analyst consensus estimate of $340.987 million by 0.01 percent. This is a 29.86 percent increase over sales of $262.595 million the same period last year.
Casella Waste Sys's (NYSE:CWST) short percent of float has risen 9.51% since its last report. The company recently reported that it has 1.63 million shares sold short, which is 2.88% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.61 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inter
Casella Waste Sys (NASDAQ:CWST) reported its Q4 earnings results on Thursday, February 15, 2024 at 04:15 PM. Here's what investors need to know about the announcement. Earnings Casella Waste Sys missed estimated earnings by 18.75%, reporting an EPS of $0.13 versus an estimate of $0.16. Revenue was up $87.44 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.04 which was followed by a 5.38% increase in the share price the next day. Here's a look at Casella Waste Sys's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.39 0.37 0.1 0.23 EPS Actual 0.35 0.36 0.1 0.18 Revenue Estimate 360.66M 301.93M 251.
William Blair initiated coverage of Casella Waste with a rating of Outperform
Deutsche Bank initiated coverage of Casella Waste with a rating of Hold
Wells Fargo initiated coverage of Casella Waste with a rating of Overweight and set a new price target of $95.00
Wolfe Research initiated coverage of Casella Waste with a rating of Outperform and set a new price target of $96.00
Goldman initiated coverage of Casella Waste with a rating of Buy and set a new price target of $100.00
BofA Securities downgraded Casella Waste from Neutral to Underperform and set a new price target of $81.00 from $87.00 previously
UBS upgraded Casella Waste from Neutral to Buy and set a new price target of $95.00 from $90.00 previously
Jefferies resumed coverage of Casella Waste with a rating of Buy and set a new price target of $95.00 from $103.00 previously
Raymond James reiterated coverage of Casella Waste Systems with a rating of Strong Buy and set a new price target of $92.00 from $95.00 previously
Raymond James reiterated coverage of Casella Waste Systems with a rating of Strong Buy and set a new price target of $95.00 from $100.00 previously
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8-K - CASELLA WASTE SYSTEMS INC (0000911177) (Filer)
8-K - CASELLA WASTE SYSTEMS INC (0000911177) (Filer)
8-K - CASELLA WASTE SYSTEMS INC (0000911177) (Filer)
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8-K - CASELLA WASTE SYSTEMS INC (0000911177) (Filer)
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CFO Michael Battles and COO Eric Gerstenberg Are Promoted to Co-CEO Role Alan McKim to Become Executive Chairman of the Board and CTO Clean Harbors, Inc. ("Clean Harbors") (NYSE:CLH), the leading provider of environmental and industrial services throughout North America, today announced that it has appointed Chief Operating Officer Eric W. Gerstenberg and Chief Financial Officer Michael L. Battles as co-CEOs of the Company, effective March 31, 2023. As part of a long-planned transition, they will be succeeding Clean Harbors' founder Alan S. McKim, who has been CEO for the past 42 years. McKim will become Executive Chairman of the Board of Directors and Chief Technology Officer (CTO) wh
RUTLAND, Vt., March 31, 2022 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. ("Casella") (NASDAQ:CWST), a regional solid waste, recycling and resource management services company, announces the promotion of Kevin J. Drohan, its Corporate Controller, to Vice President and Chief Accounting Officer effective April 1, 2022. As previously announced, Christopher B. Heald retired today from his position as the Company's Chief Accounting Officer, after a 20-year career with the company. "Kevin joined our team in August 2021, and he has seamlessly transitioned into our finance team and our culture," said John W. Casella, Chairman and CEO of Casella. "Kevin has demonstrated strong integrity through
RUTLAND, Vt., June 16, 2021 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. ("Casella") (NASDAQ:CWST), a regional solid waste, recycling and resource management services company, announced today the appointment of Gary Sova to Casella's Board of Directors (the "Board") effective June 15, 2021. In addition, the Company announced the retirement of James F. Callahan, Jr. from its Board effective June 14, 2021, and the retirement of James E. O'Connor upon the completion of his term at the Company's 2021 annual meeting of stockholders held June 2, 2021. Mr. Sova served as a Senior Executive at Republic Services, Inc., a leading provider of U.S. environmental services, from 2002 to 2019. Du
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RUTLAND, Vt., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ:CWST), a regional solid waste, recycling, and resource management services company, will release its financial results for the three months ended September 30, 2024 after the market closes on Wednesday, October 30, 2024. The company will host a conference call to discuss these results on Thursday, October 31, 2024 at 10:00 a.m. Eastern Time. Individuals interested in participating in the call should register by clicking here to obtain dial in and passcode details. The call will also be webcast; to listen, participants should visit the company's website at http://ir.casella.com and follow the appropriate l
RUTLAND, Vt., July 08, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ:CWST), a regional solid waste, recycling, and resource management services company, will release its financial results for the three months ended June 30, 2024 after the market closes on Thursday, August 1, 2024. The company will host a conference call to discuss these results on Friday, August 2, 2024 at 10:00 a.m. Eastern Time. Individuals interested in participating in the call should register by clicking here to obtain dial in and passcode details. The call will also be webcast; to listen, participants should visit the company's website at http://ir.casella.com and follow the appropriate link to the w
RUTLAND, Vt., April 08, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ:CWST), a regional solid waste, recycling, and resource management services company, will release its financial results for the three months ended March 31, 2024 after the market closes on Thursday, April 25, 2024. The company will host a conference call to discuss these results on Friday, April 26, 2024 at 10:00 a.m. Eastern Time. Individuals interested in participating in the call should register by clicking here to obtain dial in and passcode details. The call will also be webcast; to listen, participants should visit the company's website at http://ir.casella.com and follow the appropriate link to the
The deal, leveraging an agreement with Casella Waste Systems, Inc., marks a major step in offering a sustainable, cost-effective waste solution that complies with the state's new biosolids management rules. Viridi Energy ("Viridi" or "the firm"), a leading renewable natural gas (RNG) platform, announced today that it has acquired a legacy biosolids digester plant in Brunswick, Maine, with plans to transform the site into an industry-leading waste-to-RNG facility. The facility will generate valuable renewable energy and help power the local community, offer a sustainable and cost-effective solution for managing biosolids, and support compliance with local regulations aimed at mitigating pe
RUTLAND, Vt., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ:CWST), a regional solid waste, recycling, and resource management services company, will release its financial results for the three months ended December 31, 2023, after the market closes on Thursday, February 15, 2024. The company will host a conference call to discuss these results on Friday, February 16, 2024, at 10:00 a.m. Eastern Time. Individuals interested in participating in the call should register by clicking here to obtain dial in and passcode details. The call will also be webcast; to listen, participants should visit the company's website at http://ir.casella.com and follow the appropriate l
RUTLAND, Vt., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ:CWST), a regional solid waste, recycling, and resource management services company, will release its financial results for the three months ended September 30, 2023, after the market closes on Wednesday, November 1, 2023. The company will host a conference call to discuss these results on Thursday, November 2, 2023, at 10:00 a.m. Eastern Time. Individuals interested in participating in the call should register by clicking here to obtain dial in and passcode details. The call will also be webcast; to listen, participants should visit the company's website at http://ir.casella.com and follow the
RUTLAND, Vt., Sept. 05, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ:CWST), a regional solid waste, recycling, and resource management services company, announced that it completed the acquisition of the collection, transfer, and recycling assets of Consolidated Waste Services, LLC and its affiliates (dba "Twin Bridges") on September 1, 2023. The purchase price of the acquisition was approximately $219 million and was funded through proceeds from the Company's equity offering completed on June 16, 2023. The acquisition includes two hauling operations, one transfer station, and one material recovery facility in the greater Albany, New York market, and is expected to generat
RUTLAND, Vt., July 13, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ:CWST), a regional solid waste, recycling, and resource management services company, will release its financial results for the three months ended June 30, 2023, after the market closes on Thursday, July 27, 2023. The company will host a conference call to discuss these results on Friday, July 28, 2023, at 10:00 a.m. Eastern Time. Individuals interested in participating in the call should register by clicking here to obtain dial in and passcode details. The call will also be webcast; to listen, participants should visit the company's website at http://ir.casella.com and follow the appropriate link to the w
RUTLAND, Vt., July 03, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ:CWST), a regional solid waste, recycling, and resource management services company, announced that it completed the acquisition of the Pennsylvania, Delaware, and Maryland collection, transfer, and recycling operations of GFL Environmental Inc. ("GFL") on June 30, 2023. The purchase price of the acquisition was approximately $525 million and was funded through a combination of the company's new $430 million Term Loan A under its existing senior secured credit facility and proceeds from the Company's recent equity offering. The acquisition includes nine hauling operations, one transfer station, and one mate
First quarter financial results reflect strong solid waste performance driven by operating and pricing program execution. RUTLAND, Vt., April 27, 2023 (GLOBE NEWSWIRE) -- Casella Waste Systems, Inc. (NASDAQ:CWST), a regional solid waste, recycling and resource management services company, today reported its financial results for the three month period ended March 31, 2023. Highlights for the Three Months Ended March 31, 2023: Revenues were $262.6 million for the quarter, up $28.6 million, or up 12.2%, from the same period in 2022.Overall solid waste pricing for the quarter was up 8.8% from the same period in 2022, driven by 8.9% higher collection pricing and 9.3% higher disposal pricin