Latest news for Casella Waste Sys (NASDAQ:CWST) Stock

Casella Waste Systems Inc is a solid waste removal company, providing resource management services to residential, commercial, municipal, and industrial customers. The company's reportable segments on Geographical basis include Eastern, Western and Mid-Atlantic regions through the Resource solution segment. It generates maximum revenue from the Western region segment. The company services include Recycling, Collection, Organics, Energy, Landfills, Special Waste as well as Professional Services.

Casella Waste Sys

Casella Waste Systems

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CWST

Casella Waste Systems shares are trading lower by 4.9% during Wednesday&#39;s session. The company announced a $450 million public offering of 4.5 million shares at $100 per share.

Why Casella Waste Systems (CWST) Stock Is Falling

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Casella Waste Systems, SES AI And Other Big Stocks Moving Lower In Wednesday&#39;s Pre-Market Session

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Casella Waste Systems, Inc. - Class A Common Stock

Casella Waste Systems Inc

Raymond James analyst Patrick Tyler Brown maintains Casella Waste Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWST#NASDAQ">CWST</a>) with a Strong Buy and raises the price target from $121 to $122.

Price Target

Analyst Ratings

Raymond James Maintains Strong Buy on Casella Waste Sys, Raises Price Target to $122

Casella Waste Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWST#NASDAQ">CWST</a>) shares are trading lower by 5.44% to $100.92 during Wednesday&#8217;s session after the company announced a $450 million public offering of 4.5 million shares at <a href="https://www.benzinga.com/pressreleases/24/09/g40916821/casella-waste-systems-announces-pricing-of-public-offering-of-4-500-000-shares-of-class-a-common-s">$100 per share</a>.
What Else: This offering will generate gross proceeds of approximately $450 million before accounting for underwriting discounts and offering-related expenses. 
Additionally, Casella has granted the underwriters a 30-day option to purchase up to an additional 675,000 shares at the same price, minus the underwriting discounts. All the shares involved in the offering are being sold by Casella itself.
The offering is expected to close on or around September 19, subject to the fulfillment of customary closing conditions. Casella plans to use the net proceeds from this offering to fund its previously announced acquisitions of Royal Carting and Welsh Sanitation. 
In addition to financing the acquisition, Casella intends to use a portion of the proceeds to repay borrowings under its revolving credit facility and for other general corporate purposes.
Read Also: <a href="https://www.benzinga.com/news/24/09/40919822/small-cap-sectors-brace-for-fed-rate-cut-financials-real-estate-etfs-offer-compelling-plays-for-inve">Small-Cap Sectors Brace For Fed Rate Cut: Financials, Real Estate ETFs Offer Compelling Plays For Investors</a>
<h2 class="wp-block-heading">How To Buy CWST Stock</h2>
By now you're likely curious about how to participate in the market for Casella Waste Systems &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of Casella Waste Systems, which is trading at $101.43 as of publishing time, $100 would buy you 0.99 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.

WIIM

Casella Waste Systems shares are trading lower after the company announced a $450 million public offering of 4.5 million shares at $100 per share.

U.S. stock futures were higher this morning, with the Dow futures gaining around 50 points on Wednesday.
Shares of Casella Waste Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWST#NASDAQ">CWST</a>) fell sharply in today's pre-market trading after the company announced a proposed public offering of <a href="https://widgets.benzinga.com/quote/CWST/news">Class A common stock</a>.
Casella Waste Systems shares fell 3.3% to $103.21 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
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<li>XCHG Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCH#NASDAQ">XCH</a>) shares dipped 15.3% to $9.40 in pre-market trading after gaining 34% on Tuesday.</li>
<li>SES AI Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) shares fell 6% to $0.9220 in pre-market trading. SES AI, on Tuesday, announced a collaboration with NVIDIA, Crusoe and Supermicro on AI for scientific initiative to accelerate material discovery in electric transportation.</li>
<li>Newegg Commerce, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEGG#NASDAQ">NEGG</a>) shares declined 4% to $0.83 in pre-market trading after jumping around 15% on Tuesday.</li>
<li>Corvus Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRVS#NASDAQ">CRVS</a>) shares fell 3.6% to $5.30 in pre-market trading after declining 5% on Tuesday. Ladenburg, on Monday, maintained a Buy rating on the stock and raised its price target from $12 to $21.</li>
<li>Medical Properties Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPW#NYSE">MPW</a>) shares fell 3.2% to $6.04 in pre-market trading.</li>
<li>Harmony Gold Mining Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMY#NYSE">HMY</a>) shares fell 2.9% to $9.79 in pre-market trading.</li>
<li>Sana Biotechnology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANA#NASDAQ">SANA</a>) shares declined 2.6% to $4.19 in pre-market trading.</li>
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Casella Waste Systems, SES AI And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Offerings

Casella Waste Systems Prices Public Offering Of 4.5M Class A Common Stock Shares At $100 Per Share For $450M In Gross Proceeds, With Option For Additional 675K Shares

Casella also intends to grant the underwriters an option for a period of 30 days to purchase up to an additional&nbsp;15%&nbsp;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 borrowings under its revolving credit facility and for general corporate purposes.

Casella Waste Systems Commences Proposed Public Offering Of $400M Of Its Class A Common Stock

Casella Waste Systems To Acquire Royal Carting And Welsh Sanitation, Terms Not Disclosed; Acquisition Expected To Close In Q4 And Is Expected To Generate Over $90M In Annualized Revenue

Stifel analyst Brian Butler reiterates Casella Waste Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWST#NASDAQ">CWST</a>) with a Buy and raises the price target from $110 to $117.

Reiteration

Stifel Reiterates Buy on Casella Waste Sys, Raises Price Target to $117

Casella Waste Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWST#NASDAQ">CWST</a>) has outperformed the market over the past 10 years by 25.25% on an annualized basis producing an average annual return of 36.04%. Currently, Casella Waste Sys has a market capitalization of $5.94 billion. 
Buying $1000 In CWST: If an investor had bought $1000 of CWST stock 10 years ago, it would be worth $21,710.14 today based on a price of $102.29 for CWST at the time of writing.
<h3>Casella Waste Sys's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722628920_0.png" alt="comp_fig" />
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 automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $22,000 Today

Guidance

Casella Waste Systems Raises FY24 Revenue From $1.48B-$1.51B To $1.52B-$1.55B Vs $1.496B Est.

Casella Waste Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWST#NASDAQ">CWST</a>), a regional solid waste, recycling, and resource management services company (the "Company"), announced that it has acquired two solid waste businesses with operations in the Mid-Atlantic, LMR Disposal LLC ("LMR"), which closed on July 1, 2024, and Whitetail Disposal, Inc. ("Whitetail"), which closed on August 1, 2024. &nbsp;
The acquisitions include collection operations across eastern Pennsylvania and western New Jersey, complementing the Company's existing operations in the Mid-Atlantic. The Company expects to generate over $100 million of total annualized revenues from the two acquisitions.

Casella Waste Systems Acquires Two Solid Waste Businesses With Operations In The Mid-Atlantic, LMR Disposal, Which Closed On July 1, 2024, And Whitetail Disposal, Which Closed On August 1, 2024; No Financial Terms Disclosed; Expects To Generate Over $100M Of Total Annualized Revenues

Casella Waste Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWST#NASDAQ">CWST</a>) reported quarterly earnings of $0.22 per share which missed the analyst consensus estimate of $0.28 by 21.43 percent. The company reported quarterly sales of $377.163 million which beat the analyst consensus estimate of $373.870 million by 0.88 percent. This is a 30.22 percent increase over sales of $289.645 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Casella Waste Sys Q2 2024 Adj. EPS $0.22 Misses $0.28 Estimate, Sales $377.163M Beat $373.870M Estimate

Casella Waste Sys's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWST#NYSE">CWST</a>) short percent of float has risen 4.77% since its last report. The company recently reported that it has 2.36 million shares sold short, which is 4.17% of all regular shares that are available for trading. Based on its trading volume, it would take traders 8.03 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> 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 interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Casella Waste Sys Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721932210_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Casella Waste Sys has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Casella Waste Sys's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Casella Waste Sys's peer group average for short interest as a percentage of float is 3.19%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Casella Waste Sys's Recent Short Interest

Casella Waste Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWST#NASDAQ">CWST</a>) 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.
<h3>Casella Waste Sys's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721248220_0.png" alt="comp_fig" />
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 automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Casella Waste Sys 5 Years Ago Would Be Worth Today

Casella Waste Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWST#NASDAQ">CWST</a>) 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.
<h3>Casella Waste Sys's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721070037_0.png" alt="comp_fig" />
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 automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 20 Years Ago, You Would Have $900 Today

Casella Waste Sys's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWST#NYSE">CWST</a>) 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.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> 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 interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Casella Waste Sys Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718213411_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Casella Waste Sys has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Casella Waste Sys's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Casella Waste Sys's peer group average for short interest as a percentage of float is 6.90%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Casella Waste Sys's Recent Short Interest

Deutsche Bank analyst Faiza Alwy initiates coverage on Casella Waste Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWST#NASDAQ">CWST</a>) with a Hold rating and announces Price Target of $106.

Initiation

Deutsche Bank Initiates Coverage On Casella Waste Sys with Hold Rating, Announces Price Target of $106

Casella Waste Sys's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWST#NYSE">CWST</a>) 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.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> 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 interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Casella Waste Sys Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1716404422_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Casella Waste Sys has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Casella Waste Sys's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Casella Waste Sys's peer group average for short interest as a percentage of float is 2.44%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Casella Waste Sys?

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.&nbsp;

Casella Waste Systems Reaffirms FY24 Outlook, With Revenues Of $1.48B-$1.51B, Est $1.498B

Casella Waste Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWST#NASDAQ">CWST</a>) 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 Q1 2024 Adj EPS $(0.01) Beats $(0.02) Estimate, Sales $341.008M Beat $340.987M Estimate

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Casella Waste expects $9M charge in September quarter due to landfill closure

Casella Waste Systems to acquire Royal Carting and Welsh Sanitation

GFL expected to start sale of environmental-services unit this week - report

Casella Waste Systems announces a $400M public offering

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Casella Waste Systems announces pricing of $450M stock offering

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Casella Waste Systems Dives On Its Big Capital Raise (Rating Upgrade)

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