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Rutland Today
By the People, for the People
Fred Alger Management LLC Reduces Stake in Casella Waste Systems
Institutional investor cuts position in industrial waste management company
Mar. 16, 2026 at 10:18am
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Fred Alger Management LLC, an investment management firm, has reduced its stake in Casella Waste Systems, Inc. (NASDAQ:CWST) by 16.9% in the third quarter, according to a recent SEC filing. The firm now owns approximately 561,850 shares, or 0.88% of the industrial products company's stock, valued at $53.3 million.
Why it matters
Casella Waste Systems is a leading regional waste management provider in the northeastern United States. Changes in institutional ownership can signal shifts in investor sentiment and market expectations for the company's performance.
The details
According to the filing, Fred Alger Management sold 114,178 shares of Casella Waste Systems during the third quarter. The firm previously owned 676,028 shares, or approximately 1.05% of the company's outstanding stock. Casella Waste Systems provides a range of solid waste management services, including residential, commercial, and industrial waste collection, transfer station operations, landfill disposal, recycling processing, and organics management.
- The filing covers the third quarter of 2026.
The players
Fred Alger Management LLC
An investment management firm based in New York that previously held a sizable stake in Casella Waste Systems.
Casella Waste Systems, Inc.
A regional waste management company headquartered in Rutland, Vermont that provides a range of solid waste services across the northeastern United States.
The takeaway
The reduction in Fred Alger Management's position in Casella Waste Systems could signal a shift in investor sentiment around the company, though the reasons behind the sale are not entirely clear. As a major institutional investor, changes in Fred Alger's holdings are worth monitoring for insights into the market's view of Casella Waste Systems' performance and prospects.
