William Blair Discloses 2.9M Share Stake in Casella Waste Systems

TL;DR

**William Blair just revealed a big stake in Casella Waste, signaling institutional confidence.**

AI Summary

William Blair Investment Management, LLC, a Delaware-based investment firm, reported on February 12, 2024, that as of December 31, 2023, they beneficially own 2,900,110 shares of Casella Waste Systems Inc. (CUSIP: 147448104) common stock. This filing indicates a significant institutional holding, with William Blair having sole voting power over 2,496,496 shares and sole dispositive power over all 2,900,110 shares. This matters to investors because it signals a major institutional investor's confidence in Casella Waste Systems, potentially influencing other investors and providing a stamp of approval on the company's prospects.

Why It Matters

This filing reveals a substantial institutional investment in Casella Waste Systems, which can be seen as a vote of confidence from a professional money manager.

Risk Assessment

Risk Level: low — This filing indicates a significant institutional investment, generally viewed as a positive signal rather than a risk.

Analyst Insight

A smart investor would view this as a positive signal, indicating that a reputable institutional investor sees value in Casella Waste Systems. It might prompt further research into Casella's fundamentals and future prospects.

Key Numbers

• 2,900,110 — Shares Beneficially Owned (Total shares of Casella Waste Systems Inc. held by William Blair Investment Management, LLC.)
• 2,496,496 — Sole Voting Power Shares (Number of shares over which William Blair Investment Management, LLC has exclusive voting rights.)

Key Players & Entities

• William Blair Investment Management, LLC (company) — the reporting person and institutional investor
• Casella Waste Systems Inc. (company) — the subject company whose stock is being reported
• Delaware (company) — state of organization for William Blair Investment Management, LLC
• 2,900,110 (dollar_amount) — aggregate amount of shares beneficially owned by William Blair
• 2,496,496 (dollar_amount) — shares over which William Blair has sole voting power
• December 31, 2023 (date) — date of the event which requires the filing
• February 12, 2024 (date) — date the SC 13G filing was made

Forward-Looking Statements

• Other institutional investors may take note of William Blair's significant stake and potentially increase their own positions in Casella Waste Systems Inc. (Casella Waste Systems Inc.) — medium confidence, target: Next 6-12 months

FAQ

Filing Documents

• tm245766d13_sc13g.htm (SC 13G) — 52KB
• 0001104659-24-015208.txt ( ) — 54KB

(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 Road, Rutland, VT 05701

(a)

Item 2(a). Name of Person Filing: William Blair Investment Management, LLC

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 150 North Riverside Plaza, Chicago, IL 60606

(c)

Item 2(c). Citizenship: Delaware

(d)

Item 2(d). Title of Class of Securities: Common Stock

(e)

Item 2(e). CUSIP Number: 147448104 Item 3. If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) o Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) o Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) o 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) o An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) o A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) o A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); (k) o Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____________. CUSIP: 147448104 Page 4 Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 2,900,110 (b) Percent of class: 5.1% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 2,496,496 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 2,900,110 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5.

View Full Filing

View this SC 13G filing on SEC EDGAR