Conestoga Capital Advisors Boosts Casella Waste Systems Stake

TL;DR

**Conestoga Capital Advisors still holds over 3.2M shares of Casella Waste Systems, signaling strong institutional confidence.**

AI Summary

Conestoga Capital Advisors, LLC filed an amended SC 13G/A on January 5, 2024, disclosing its ownership in Casella Waste Systems, Inc. (CWST). As of December 31, 2023, Conestoga beneficially owned 3,224,881 shares of Class A Common Stock, representing a significant stake. This filing indicates a notable institutional investor maintains a substantial position, which can signal confidence in the company's long-term prospects for current and potential shareholders.

Why It Matters

This filing shows a major institutional investor, Conestoga Capital Advisors, continues to hold a significant stake in Casella Waste Systems, suggesting their ongoing confidence in the company's value and future performance.

Risk Assessment

Risk Level: low — This filing indicates a stable institutional ownership, which generally reduces volatility and provides a vote of confidence in the company.

Analyst Insight

A smart investor would view this continued significant institutional ownership by Conestoga Capital Advisors as a positive signal, potentially indicating long-term value and stability for Casella Waste Systems, Inc. and might consider further research into the company's fundamentals.

Key Numbers

• 3,224,881 — Shares Beneficially Owned (Total Class A Common Stock shares of Casella Waste Systems, Inc. held by Conestoga Capital Advisors, LLC as of December 31, 2023.)
• 3,049,715 — Sole Voting Power Shares (Number of shares over which Conestoga Capital Advisors, LLC has sole voting power.)
• 0 — Shared Voting Power Shares (Number of shares over which Conestoga Capital Advisors, LLC has shared voting power.)
• 0 — Shared Dispositive Power Shares (Number of shares over which Conestoga Capital Advisors, LLC has shared dispositive power.)
• 14744810 — CUSIP Number (Unique identification number for Casella Waste Systems, Inc. Class A Common Stock.)

Key Players & Entities

• Conestoga Capital Advisors, LLC (company) — the reporting person and institutional investor
• Casella Waste Systems, Inc. (company) — the subject company whose stock is being reported
• 3,224,881 (dollar_amount) — total shares beneficially owned by Conestoga Capital Advisors, LLC
• December 31, 2023 (date) — the date of the event requiring the filing
• Delaware (company) — place of organization for Conestoga Capital Advisors, LLC

Forward-Looking Statements

• Conestoga Capital Advisors, LLC will maintain a significant stake in Casella Waste Systems, Inc. for the foreseeable future. (Conestoga Capital Advisors, LLC) — medium confidence, target: December 31, 2024

FAQ

Filing Documents

• cwsta3_10524.htm (SC 13G/A) — 25KB
• 0001085146-24-000025.txt ( ) — 27KB

(a)

ITEM 1(a). NAME OF ISSUER: Casella Waste Systems, Inc.

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 25 Greens Hill Lane, Rutland, Vermont

(a)

ITEM 2(a). NAME OF PERSON FILING: Conestoga Capital Advisors LLC

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 550 E. Swedesford Rd., Ste 120 Wayne, PA 19087

(c)

ITEM 2(c). CITIZENSHIP: Delaware

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: Class A Common Stock, par value $.01

(e)

ITEM 2(e). CUSIP NUMBER: 14744810 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: 19087 ITEM 4. (a) Amount beneficially owned: 3,224,881 (b) Percent of class: 5.66% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: 3,049,715 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or direct the disposition of: 3,224,881 (iv) shared power to dispose or to direct the disposition of: 0 ITEM 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of secur

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View this SC 13G/A filing on SEC EDGAR