Casella Waste Systems (CWST)
Collects and processes waste through regional routes, transfer stations, landfills, and recycling facilities.
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Collects and disposes of solid waste across the eastern United States, linking local routes with transfer stations, landfills, recycling, organics, and Resource Solutions services. Collection provides most revenue, while acquisitions add route density and extend the regional operating footprint.
Runs vertically integrated collection, transfer, landfill, recycling, organics, and resource-management operations across the eastern United States. Eastern, Western, and Mid-Atlantic segments serve residential, commercial, municipal, institutional, and industrial customers; Resource Solutions adds materials processing, industrial recycling, organics, brokerage, and national-account services. Collection supplies most revenue, while transfer stations and landfills support route density and internal disposal.
Builds density through acquisitions and integrates acquired routes and volumes into regional facilities. Revenue comes from subscriptions and service agreements, municipal contracts, tipping fees, processing, and resource-management work. Operations depend on landfill capacity and permits, acquisition integration, fuel and recycling commodity prices, and compliance with environmental, zoning, public-health, and safety rules.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 10, 2026 | Barclays | Reiterate | Rating: —Target: $102 | Target: $104 |
| Jun 26, 2026 | UBS | Reiterate | Rating: —Target: $140 | Target: $122 |
| May 4, 2026 | Barclays | Upgrade | Target: $101 | Target: $102 |
| Feb 23, 2026 | Raymond James | Target | Target: $120 | Target: $115 |
| Feb 23, 2026 | Barclays | Reiterate | Rating: —Target: $95 | Target: $101 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $25.5M · Total debt $1.45B · Total assets $3.56B · Shareholders' equity $1.58B
- Revenue
- $543.7M
- Operating income
- $20.0M
- Net income
- $3.8M
No dividends on record.
| Institutions | 122.64% | 78.01M shares | |
|---|---|---|---|
| 422 holders · as of Jun 30, 2026 | |||
| Insiders | 2.17% | 1.38M shares | |
| 16 holders · as of Sep 3, 2026 | |||
| Adds to | 124.81% | ||
63.61M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 124.81%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 14.76% | 9.39M A | as of Jun 30, 2026 |
Wasatch Advisors LPInstitution | 5.55% | 3.53M A | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.42% | 3.45M A | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.44% | 2.82M A | as of Jun 30, 2026 |
State Street CorpInstitution | 3.96% | 2.52M A | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 3, 2026 | Michael K. Burke | director | −1,100 | $95.26 |
| Aug 26, 2026 | Michael K. Burke | director | −1,100 | $92.99 |
| Aug 14, 2026 | Douglas R. Casella | director, officer: VICE CHAIRMAN, BD OF DIRECTORS | −1,343 | $91.12 |
| Aug 13, 2026 | Douglas R. Casella | director, officer: VICE CHAIRMAN, BD OF DIRECTORS | −15,157 | $91.05 |
| May 26, 2026 | Michael K. Burke | director | −2,305 | $87.56 |
- WM
Broadest overlap in North American waste and recycling.
- Republic Services
National solid-waste and environmental-solutions rival.
- Waste Connections
Secondary-market waste platform with close model overlap.
- GFL
Diversified North American solid-waste and recycling peer.
- Clean Harbors
Industrial and environmental waste-services overlap.
- Quest Resource
Asset-light waste and recycling manager for enterprises.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Casella Waste Systems | $86.56 | −0.57% | $5.45B | 934.0 | 65.8 | 2.8 | +16.9% |
| WM | $207.88 | +0.41% | $82.76B | 29.3 | 24.3 | 3.2 | +4.0% |
| Republic Services | $214.86 | +0.43% | $65.82B | 30.3 | 28.2 | 3.9 | +4.6% |
| Waste Connections | $155.36 | −0.12% | $39.21B | 37.7 | 26.5 | 4.0 | +3.8% |
| GFL | $42.14 | −1.45% | $14.93B | — | 65.6 | 3.0 | +11.5% |
| Clean Harbors | $313.35 | +0.61% | $16.44B | 37.8 | 31.3 | 2.6 | +12.0% |
| Quest Resource | $1.37 | −2.14% | $29.5M | — | — | 0.1 | +7.6% |
| Median | 34.0 | 28.2 | 3.1 | +6.1% |