Pathstone Family Office LLC Boosts Investment in Casella Waste Systems, in 2023.
March 16, 2023
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This vote of confidence in the long-term prospects of the company was a major boost for Casella Waste Systems ($NASDAQ:CWST) and their shareholders. Casella Waste Systems, Inc is a leading provider of integrated waste and recycling solutions in the United States and Canada. The company also operates its own waste-to-energy facilities, as well as a number of other waste-related businesses. The additional funds from Pathstone will be used to further expand and diversify Casella’s client base and to invest in new technology and equipment. With this influx of capital, the company will be able to increase its efficiency and expand its services to more customers.
The increased investment will also help Casella in its efforts to reduce greenhouse gas emissions and improve environmental sustainability. Casella Waste Systems is committed to providing superior customer service and the highest quality waste management solutions available. With the recent investment from Pathstone Family Office LLC, the company is well-poised to further increase its market share and become a leader in the waste management industry.
Price History
On Tuesday, CASELLA WASTE SYSTEMS stock opened at $80.1 and closed at $83.0, up by 4.7% from prior closing price of 79.3. Despite this good news, the media coverage of CASELLA WASTE SYSTEMS has been largely negative in the past few years. It is hoped that this increased investment will turn things around for the company and provide a brighter future for the stock. 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 |
| 1.09k | 53.08 | 5.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CWST. More…
| Operations | Investing | Financing |
| 217.31 | -206.92 | 26.95 |
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 |
| 1.45k | 951.32 | 9.41 |
Key Ratios Snapshot
Some of the financial key ratios for CWST are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.4% | 17.8% | 8.9% |
| FCF Margin | ROE | ROA |
| 8.0% | 12.2% | 4.2% |
Analysis
At GoodWhale, we have conducted a thorough analysis of CASELLA WASTE SYSTEMS’s fundamentals. After taking a look at the company’s financial and business aspects, we have determined that CASELLA WASTE SYSTEMS is a medium risk investment according to our Risk Rating. However, we have also detected 1 risk warnings in the company’s income sheet that investors should be aware of. If you’re interested in learning more about this warning, simply register with us to check it out. 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., a waste management and resource recovery company, has recently seen an increase in investment from Pathstone Family Office LLC. Despite negative media coverage, the stock prices have risen the same day of the announcement. It appears that investors are expecting an increase in profits from the additional investment.
Analysts suggest that Casella Waste Systems, Inc.’s long-term outlook is positive and that it is a worthwhile investment due to its innovative waste management solutions and its expanding customer base. Although there is inherent risk with any investment, investors should carefully dive into the company’s financials to make an informed decision.
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