12 Best Waste Management Stocks to Invest In Now

6. Casella Waste Systems, Inc. (NASDAQ:CWST)

Number of Hedge Fund Investors: 24

Casella Waste Systems, Inc. (NASDAQ:CWST) is a solid trash collection firm that offers resource management services to residential, commercial, municipal, and industrial clients. The company’s reportable geographical segments include the Eastern, Western, and Mid-Atlantic regions through the Resource Solutions business. It earns the most revenue from the Western region segment. The firm provides recycling, collection, organics, energy, landfills, special waste, and professional services.  The stock is up over 8% year to date, making it among the Best Waste Management Stocks.

Casella Waste Systems, Inc. (NASDAQ:CWST) had notable acquisition activity in 2024, closing eight acquisitions for more than $200 million in annualized revenue, followed by three more in early 2025 at around $40 million. In Q4 2024, the firm boosted revenue by 18.9% year on year to $427.5 million, while adjusted EBITDA jumped by 15.6% to $95 million, extending a three-year streak that included adjusted EBITDA growth of more than 20%. Adjusted free cash flow improved by 23% to $158.3 million, exceeding expectations. The Resource Solutions segment rose by 9.7%, while the collection company increased its adjusted EBITDA margin over 100 basis points, showing improved operational efficiency and profitability.

Stifel boosted Casella Waste Systems, Inc. (NASDAQ:CWST)’s price objective to $129 from $127, maintaining a Buy recommendation on the stock. FY25 is expected to be “another year of double-digit growth,” driven by the roll-over impact of FY24 acquisitions, $40 million in annualized revenues closed year-to-date, and sustained mid-single-digit organic growth, according to the analyst in a post-earnings note.