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CWST Casella Waste Systems

Casella Waste Systems, Inc., headquartered in Rutland, Vermont, provides solid waste management services consisting of collection, transfer, disposal, and recycling services in the northeastern United States.

Company profile

CWST stock data

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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

30 Apr 21
29 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 152.56M 152.56M 152.56M 152.56M 152.56M 152.56M
Cash burn (monthly) 595.67K (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 2.36M n/a n/a n/a n/a n/a
Cash remaining 150.2M n/a n/a n/a n/a n/a
Runway (months of cash) 252.1 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Jun 21 Gary Sova Class A Common Stock Grant Aquire A No No 0 756 0 856
2 Jun 21 Rose M. Kirk Class A Common Stock Grant Aquire A No No 0 1,526 0 2,428
2 Jun 21 Burke Michael K Class A Common Stock Grant Aquire A No No 0 1,802 0 27,799
2 Jun 21 Battles Michael Louis Class A Common Stock Grant Aquire A No No 0 1,802 0 2,882

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

96.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 216 219 -1.4%
Opened positions 32 35 -8.6%
Closed positions 35 18 +94.4%
Increased positions 70 88 -20.5%
Reduced positions 73 56 +30.4%
13F shares
Current Prev Q Change
Total value 4.13B 3.01B +37.0%
Total shares 48.37M 48.64M -0.6%
Total puts 3.3K 4.2K -21.4%
Total calls 49.1K 0 NEW
Total put/call ratio 0.1 Infinity NaN%
Largest owners
Shares Value Change
Vanguard 4.55M $289.14M +2.9%
WFC Wells Fargo & Co. 3.73M $236.92M -8.6%
BLK Blackrock 3.43M $218.17M +0.5%
Conestoga Capital Advisors 3.42M $217.69M +25.5%
Earnest Partners 3.34M $212.36M +9.1%
JPM JPMorgan Chase & Co. 2.2M $139.9M +48.9%
SAMG Silvercrest Asset Management 1.94M $123.26M -7.5%
AMP Ameriprise Financial 1.73M $110.27M +53.4%
TROW T. Rowe Price 1.64M $104.26M -2.0%
Fred Alger Management 1.49M $94.87M -20.4%
Largest transactions
Shares Bought/sold Change
JPM JPMorgan Chase & Co. 2.2M +722.54K +48.9%
Conestoga Capital Advisors 3.42M +695.02K +25.5%
AMP Ameriprise Financial 1.73M +603.91K +53.4%
Norges Bank 0 -541.36K EXIT
Fred Alger Management 1.49M -383.5K -20.4%
TimesSquare Capital Management 1.18M +365.1K +44.7%
WFC Wells Fargo & Co. 3.73M -352.77K -8.6%
MCQEF Macquarie 600.78K -352.38K -37.0%
Eaton Vance Management 328.45K +328.45K NEW
Earnest Partners 3.34M +279.83K +9.1%

Financial report summary

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Risks
  • The COVID-19 pandemic and related decline in economic activity has adversely affected, and will continue to adversely affect, our business, outlook, liquidity and results of operations, and we have experienced and expect to continue to experience reductions in demand for certain of our services.
  • We face substantial competition in the solid waste services industry, and if we cannot successfully compete in the marketplace, our business, financial condition and results of operations may be materially adversely affected.
  • Our growth strategy focuses on complementing or expanding our business through the acquisition of companies or assets, or the development of new operations. However, we may be unable to complete these transactions and, if executed, these transactions may not improve our business or may pose significant risks and could have a negative effect on our operations.
  • The waste management industry is undergoing fundamental change as traditional waste streams are increasingly viewed as renewable resources, which may adversely affect volumes and tipping fees at our landfills.
  • The waste industry is subject to extensive government regulations, including environmental laws and regulations, and we incur substantial costs to comply with such laws and regulations. Failure to comply with environmental or other laws and regulations, as well as enforcement actions and litigation arising from an actual or perceived breach of such laws and regulations, could subject us to fines, penalties, and judgments, and impose limits on our ability to operate
  • Our results of operations are affected by low commodity prices and diminished markets for recyclable materials.
  • Our business requires a high level of capital expenditures.
  • Cybersecurity incidents could negatively impact our business and our relationships with customers, adversely affecting our financial results and exposing us to litigation risk.
  • Our business is geographically concentrated and is therefore subject to regional economic downturns.
  • Our results of operations and financial condition may be negatively affected if we inadequately accrue for final capping, closure and post-closure costs or by the timing of these costs for our waste disposal facilities.
  • Fluctuations in fuel costs could affect our operating expenses and results.
  • Our insurance coverage and self-insurance reserves may be inadequate to cover all significant risk exposures.
  • We could be precluded from entering into contracts or obtaining or maintaining permits or certain contracts if we are unable to obtain third-party financial assurance to secure our contractual obligations.
  • We may be required to write-off or impair capitalized costs or intangible assets in the future or we may incur restructuring costs or other charges, each of which could harm our earnings.
  • Our revenues and our operating income experience seasonal fluctuations.
  • Adverse weather conditions may limit our operations and increase the costs of collection and disposal.
  • Efforts by labor unions to organize our employees could divert management attention and increase our operating expenses.
  • Our enterprise risk management process may not be effective in mitigating the risks to which we are subject, or in reducing the potential for losses in connection with such risks.
  • We have substantial debt and have the ability to incur additional debt. The principal and interest payment obligations of such debt may restrict our future operations.
  • Holders of our Class A common stock are entitled to one vote per share, and holders of our Class B common stock are entitled to ten votes per share. The lower voting power of the Class A common stock may negatively affect the attractiveness of our Class A common stock to investors and, as a result, its market value.
Management Discussion
  • The global outbreak of the novel coronavirus ("COVID-19") pandemic has caused, and is expected to continue to cause, economic disruption across our geographic footprint and has adversely affected, and is expected to continue to adversely affect, our business. The COVID-19 pandemic negatively impacted our revenues starting at the end of the three months ended March 31, 2020, as many small business and construction collection customers required service level changes and volumes into our landfills declined due to lower economic activity. Although demand for services has improved as local economies begin to reopen as allowed by State Governments, our collection and disposal operations continued to be negatively impacted by lower volumes attributable to the COVID-19 pandemic in the three months ended March 31, 2021.
Content analysis
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