激进投资机构Jana入股拉特兰废物处理商Casella 要求提升利润率并承诺2029年目标
激进投资机构JanaPartners已建仓入股总部位于佛蒙特州拉特兰市的废物处理企业Casella WasteSystems，并公开施压要求其改善盈利能力。Jana管理合伙人兼投资组合经理斯科特·奥斯特费尔德（Scott Ostfeld）10月20日在纽约举行的13DMonitor主被动投资者峰会上表示，Casella应提高利润率与投入资本回报率，并让高管薪酬与股东价值更紧密挂钩，同时公开承诺到2029年把EBITDA利润率提升至27%——该公司截至2026年6月30日季度的利润率仅为22.7%。
Casella市值约56亿美元，股价今年以来下跌约11%，过去五年大体横盘，表现落后于同业。奥斯特费尔德还指出，Casella在美国东北部的布局和偏低估值使其可能成为收购目标。
Casella曾在2023年以5.25亿美元收购GFLEnvironmental的中大西洋资产，整合难度超出预期；公司未立即对Jana的表态作出回应。
Activist Investor Jana Takes Stake in Rutland's Casella Waste, Presses for Higher Margins by 2029
Activist investor Jana Partners has taken a stake in Casella Waste Systems of Rutland, Vermont, Jana's Ostfeld said at the 13D Monitor conference, reported by Reuters. Casella, with a market value of about $5.6 billion, is down about 11 percent this year.
Jana is pressing the company to lift its adjusted EBITDA margin from 22.7 percent in the second quarter to 27 percent by 2029, make the commitment public, and tie executive pay more closely to shareholder value. Casella bought GFL's Mid-Atlantic assets for $525 million in 2023 as it expanded beyond New England.
The company has not publicly responded to Jana's demands.
发布：GSM·美国（发布链接）
图片来源：佛蒙特州拉特兰市区（Casella 总部所在地）（图片：Wikimedia Commons）/ Downtown Rutland, Vermont, home of Casella Waste Systems (Photo: Wikimedia Commons)
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