Jana Partners discloses stake in Casella Waste Systems and urges 27% EBITDA margin by 2029
Activist firm Jana Partners revealed a new position in Casella Waste Systems and called for operational improvements. Jana’s managing partner Scott Ostfeld said the company should raise its EBITDA margin to 27% by 2029 and align executive compensation with shareholder value. The firm also suggested hiring a performance‑improvement consultant. Casella reported a 22.7% EBITDA margin for the quarter ended June 30, 2026.
Why it matters
The activist push could pressure Casella to cut costs and improve margins, potentially boosting future earnings and valuation. Jana’s public target may also increase stock volatility as investors assess the feasibility of the 27% margin goal.
Key facts
- 1Casella Waste Systems has a market value of about $5.6 billion. investing.com
- 2The company reported an EBITDA margin of 22.7% for the quarter ended June 30, 2026. investing.com
- 3Jana Partners wants Casella to achieve a 27% EBITDA margin by 2029. investing.com
- 4Scott Ostfeld is the managing partner and portfolio manager of Jana Partners. investing.com
Open questions
- Material 1 says shares rose roughly 4%, while Material 2 says they increased by 5%.
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.