Wasatch Long/Short Alpha Fund Maintains Confidence in Casella Waste Systems (CWST)

19 hours ago 3

Soumya Eswaran

Wed, June 3, 2026 astatine 9:34 AM CDT 3 min read

The Wasatch Long/Short Alpha Fund, managed by Wasatch Global Advisors, has precocious published its Q1 2026 capitalist letter, which is disposable to download here. A displacement successful capitalist sentiment led to a marketplace correction and accrued volatility successful U.S. small- and mid-cap stocks during the archetypal quarter. Despite this, enthusiasm for AI continued to enactment companies progressive successful infrastructure development. The concern intensified successful the 4th owed to the struggle successful Iran, causing investors to see the imaginable for rising lipid prices and their wider implications connected the planetary economy. In this context, the Russell 2500 Index returned 2.04% successful the quarter, portion the Wasatch Long/Short Alpha Fund—Investor Class surpassed this show with a emergence of 4.16%, supported by the outperformance of its abbreviated positions. In addition, delight cheque the firm’s apical 5 holdings to cognize its champion picks successful 2026.

In its first-quarter 2026 capitalist letter, Wasatch Long/Short Alpha Fund highlighted stocks similar Casella Waste Systems, Inc. (NASDAQ:CWST). Casella Waste Systems, Inc. (NASDAQ:CWST) is simply a vertically integrated coagulated discarded services institution that offers assets absorption expertise and services. On June 2, 2026, Casella Waste Systems, Inc. (NASDAQ:CWST) closed astatine $83.00 per share. One-month instrumentality of Casella Waste Systems, Inc. (NASDAQ:CWST) was -5.28%, and its shares mislaid 29.12% implicit the past 52 weeks. Casella Waste Systems, Inc. (NASDAQ:CWST) has a marketplace capitalization of $5.28 billion.

Wasatch Long/Short Alpha Fund stated the pursuing regarding Casella Waste Systems, Inc. (NASDAQ:CWST) successful its Q1 2026 capitalist letter:

"Casella Waste Systems, Inc. (NASDAQ:CWST) besides detracted. Casella is simply a determination coagulated waste, recycling and assets absorption steadfast successful the U.S. Earnings per stock maturation was a small up of expectations successful Casella’s astir precocious reported fiscal results. But profitability declined, which mightiness person weighed connected the stock. Although Casella’s banal terms declined, we proceed to similar the concern and the absorption team, which has a agelong past of successfully integrating acquisitions."

Among Stocks Insiders Are Selling In March

Casella Waste Systems, Inc. (NASDAQ:CWST) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 28 hedge money portfolios held Casella Waste Systems, Inc. (NASDAQ:CWST) astatine the extremity of the archetypal quarter, the aforesaid arsenic successful the erstwhile quarter. Casella Waste Systems, Inc.’s (NASDAQ:CWST) Q1 2026 revenue increased 9.6% year-over-year to $457.3 million. While we admit the imaginable of Casella Waste Systems, Inc. (NASDAQ:CWST) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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