John W. Casella Divests 724 Shares of Casella Waste Systems, Inc
August 11, 2023
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Casella Waste Systems ($NASDAQ:CWST), Inc. is a leading regional provider of solid waste and recycling services in the Northeast United States. It operates a network of transfer stations, landfills and recycling centers to provide reliable collection, processing and disposal services for residential, commercial and industrial customers. The divestiture is part of a larger plan by the company to refocus its business on its core operations and to free up cash for further investments.
Share Price
On Monday, CASELLA WASTE SYSTEMS opened at $81.0 and closed at $80.1, representing a 1.4% decline from the previous closing price of 81.2. This divestment comes at a key moment for CASELLA WASTE SYSTEMS, as they continue to innovate and develop their waste management services. There is speculation that this sale of shares may indicate an intention to invest in other assets. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CWST. More…
| Total Revenues | Net Income | Net Margin |
| 1.12k | 40.13 | 5.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CWST. More…
| Operations | Investing | Financing |
| 208.26 | -693.53 | 910.68 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CWST. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.42k | 1.41k | 8.66 |
Key Ratios Snapshot
Some of the financial key ratios for CWST are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.6% | 15.3% | 7.1% |
| FCF Margin | ROE | ROA |
| 7.3% | 9.9% | 2.1% |
Analysis
At GoodWhale, we’ve done an in-depth analysis of CASELLA WASTE SYSTEMS’s fundamentals and found that the company has a healthy financial position. According to our Star Chart, CASELLA WASTE SYSTEMS has a health score of 8/10 due to its strong cash flows and low debt. This means it is more than capable of paying off debt and funding future operations. In addition, after looking at the company’s performance, we classify CASELLA WASTE SYSTEMS as a ‘gorilla’, which is a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. With this in mind, we believe investors who are looking for a steady and growing investment may be interested in this company. Finally, our analysis of CASELLA WASTE SYSTEMS revealed that the company is strong in growth, medium in asset, profitability and weak in dividend. However, considering its strong competitive advantages and high health score, this investment may be worthwhile despite its lack of dividends. More…
Peers
The competition among Casella Waste Systems Inc and its competitors is fierce. Each company is vying for a share of the waste management market, and each has its own strengths and weaknesses.
However, it faces competition from smaller, more nimble companies such as Renewi PLC and Waste Connections Inc. Macau Capital Investments Inc is a new entrant to the market, and it is unclear how it will impact the competition.
– Renewi PLC ($LSE:RWI)
Renewi PLC is a British-Dutch multinational waste management company headquartered in London, United Kingdom. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The company was formed in 2016 from the merger of Shanks Group plc and Van Gansewinkel Groep B.V.
Renewi PLC has a market cap of 430.77M as of 2022 and a Return on Equity of 26.36%. The company is involved in the business of waste management and provides services such as waste collection, treatment, and disposal.
– Waste Connections Inc ($NYSE:WCN)
Waste Connections, Inc. is an integrated solid waste services company that provides waste collection, transfer, disposal and recycling services in mostly exclusive and secondary markets in the United States. The Company’s segments include: Western Canada, which consists of the Company’s operations in the provinces of British Columbia, Alberta, and Saskatchewan; Eastern Canada, which consists of the Company’s operations in the provinces of Ontario and Quebec; Central Canada, which consists of the Company’s operations in Manitoba; and the United States.
Summary
Casella Waste Systems, Inc is a prominent waste management and recycling services company based in the US. John W. Casella recently sold 724 of his shares in the company, leading to speculation as to why he has chosen to divest from the company. It may be an indication of a bearish outlook on the company’s future prospects, and investors should consider the potential impact of this move on their portfolios. Analysts have noted that Casella Waste Systems’ performance has been relatively strong so far, with revenue and EPS growth both showing signs of improvement in recent quarters.
However, there is concern about the sustainability of the current growth given the competitive environment in the waste management and recycling industry. Investors should take into account the company’s competitive position, as well as its financial performance, before making any decisions about investing in Casella Waste Systems.
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