CWSTNasdaqRefuse SystemsFiscal year ends December 31
CASELLA WASTE SYSTEMS INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$86.54−1.46 (-1.66%)
Close on Oct 19, 2026
- Market cap
- $5.51B
- P/E (TTM)
- 961.6
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
100.0%
77M of 64M shares
Institutional holders
417
66 new, 52 sold out
Net institutional buying
3M
In Q2 2026
Insider trades, 12 months
0 buys · 28 sales
Net sold $5.64M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 8,928,731 | 14.30% | 13G (passive) amendment | Dec 31, 2025 |
| Conestoga Capital Advisors | 3,432,843 | 5.51% | 13G (passive) amendment | Dec 31, 2024 |
| Vanguard Portfolio Management | 3,407,917 | 5.45% | 13G (passive) | Mar 31, 2026 |
| Vanguard Capital Management | 3,276,229 | 5.23% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of CWST | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 9,390,112 | 14.76% | $910.56M | +342,840 | 0.01% |
| Wasatch Advisors LP | 3,531,594 | 5.55% | $342.46M | +949,374 | 2.24% |
| Vanguard Portfolio Management LLC | 3,448,748 | 5.42% | $334.43M | +95,507 | 0.02% |
| Vanguard Capital Management LLC | 2,823,033 | 4.44% | $273.75M | +24,106 | 0.01% |
| State Street Corp | 2,520,170 | 3.96% | $244.36M | +130,973 | 0.01% |
| Conestoga Capital Advisors, LLC | 2,336,156 | 3.67% | $226.54M | −468,319 | 4.93% |
| T. Rowe Price Investment Management, Inc. | 2,078,022 | 3.27% | $201.51K | +378,532 | 0.13% |
| Capital International Investors | 2,054,399 | 3.23% | $199.22M | +101,579 | 0.04% |
| Capital Research Global Investors | 2,028,646 | 3.19% | $196.72M | −301,519 | 0.03% |
| Geode Capital Management, LLC | 1,647,147 | 2.59% | $159.75M | +93,984 | 0.01% |
| JPMorgan Chase & Co | 1,544,116 | 2.43% | $145.85M | +185,242 | 0.01% |
| Invesco Ltd. | 1,459,009 | 2.29% | $141.48M | −194,429 | 0.01% |
| Neuberger Berman Group LLC | 1,434,463 | 2.25% | $139.10M | +480,686 | 0.09% |
| Earnest Partners LLC | 1,399,698 | 2.20% | $135.73M | +266,621 | 0.49% |
| Wellington Management Group Llp | 1,292,101 | 2.03% | $125.30M | +80,299 | 0.02% |
| Clearbridge Investments, LLC | 1,219,835 | 1.92% | $118.29M | +78,106 | 0.10% |
| Morgan Stanley | 1,213,469 | 1.91% | $117.67M | +18,175 | 0.01% |
| Dimensional Fund Advisors LP | 1,184,196 | 1.86% | $114.82M | +117,064 | 0.02% |
| Silvercrest Asset Management Group LLC | 1,181,941 | 1.86% | $114.61M | −70,101 | 0.75% |
| Pictet Asset Management Holding SA | 1,052,330 | 1.65% | $102.03M | +127,955 | 0.10% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 417 | 77M | 100.0% | 66 / 169 | 126 / 52 | 9M | 7M |
| Q1 2026 | 407 | 75M | 100.0% | 69 / 127 | 156 / 48 | 12M | 8M |
| Q4 2025 | 393 | 78M | 100.0% | 85 / 162 | 96 / 74 | 17M | 7M |
| Q3 2025 | 391 | 68M | 100.0% | 58 / 152 | 129 / 52 | 8M | 6M |
| Q2 2025 | 392 | 66M | 100.0% | 52 / 128 | 144 / 27 | 5M | 6M |
| Q1 2025 | 372 | 66M | 100.0% | 55 / 123 | 124 / 24 | 5M | 3M |
| Q4 2024 | 345 | 65M | 100.0% | 43 / 125 | 112 / 38 | 5M | 6M |
| Q3 2024 | 345 | 66M | 100.0% | 54 / 126 | 107 / 19 | 12M | 4M |
| Q2 2024 | 314 | 62M | 96.9% | 32 / 124 | 99 / 26 | 4M | 4M |
| Q1 2024 | 311 | 62M | 97.2% | 35 / 111 | 105 / 32 | 4M | 3M |
| Q4 2023 | 309 | 61M | 95.6% | 51 / 86 | 124 / 36 | 7M | 4M |
| Q3 2023 | 299 | 57M | 90.2% | 34 / 130 | 85 / 54 | 5M | 3M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of CWST | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 3,772,642 | 5.93% | $365.83M | 0.33% | Jun 30, 2026 |
| SMALLCAP World Fund Inc | 3,036,412 | 4.77% | $294.44M | 0.31% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 1,988,602 | 3.12% | $192.83M | 0.01% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 1,641,376 | 2.58% | $159.16M | 0.19% | Jun 30, 2026 |
| Wasatch Core Growth Fund | 1,491,620 | 2.34% | $144.64M | 4.85% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 1,436,720 | 2.26% | $139.32M | 0.07% | Jun 30, 2026 |
| Conestoga Small Cap Fund | 1,059,740 | 1.67% | $102.76M | 5.03% | Jun 30, 2026 |
| Growth Fund | 962,515 | 1.51% | $93.34M | 0.16% | Jun 30, 2026 |
| Vanguard Small-Cap Growth Index Fund | 829,007 | 1.30% | $80.39M | 0.17% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 718,712 | 1.13% | $69.69M | 0.07% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 698,474 | 1.10% | $62.66M | 0.18% | Jul 31, 2026 |
| Neuberger Genesis Fund | 685,658 | 1.08% | $56.34M | 0.77% | May 31, 2026 |
| iShares Russell 2000 Growth ETF | 590,330 | 0.93% | $57.24M | 0.37% | Jun 30, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 574,056 | 0.90% | $55.67M | 0.33% | Jun 30, 2026 |
| iShares S&P Small-Cap 600 Growth ETF | 562,741 | 0.88% | $54.57M | 0.66% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Douglas R. Casella | VICE CHAIRMAN, BD OF DIRECTORS | 609,923 | 0.96% | Aug 14, 2026 |
| Damian Andrew Ribar | Executive VP and COO | – | – | Aug 12, 2026 |
| Edmond Coletta | PRESIDENT & CEO | 146,618 | 0.23% | May 22, 2026 |
| Christopher Alan Rains | Sr. VP & Chief Revenue Officer | 989 | 0.00% | Mar 17, 2026 |
| Shelley E. Sayward | SENIOR VP & GENERAL COUNSEL | 28,369 | 0.04% | Mar 16, 2026 |
| Bradford John Helgeson | Executive VP and CFO | 7,342 | 0.01% | Mar 16, 2026 |
| Sean Steves | Sr VP & COO of SW Ops | 9,375 | 0.01% | Mar 16, 2026 |
| Kevin Drohan | VP & CHIEF ACCOUNTING OFFICER | 7,873 | 0.01% | Mar 16, 2026 |
| Paul Ligon | SR VP of Sustainable Growth | 18,374 | 0.03% | Aug 5, 2025 |
| Michael K. Burke | Director | 13,641 | 0.02% | Sep 3, 2026 |
| Emily Nagle Green | Director | 22,549 | 0.04% | Jun 10, 2026 |
| Gary Sova | Director | 8,204 | 0.01% | Jun 5, 2026 |
| William P. Hulligan | Director | 8,161 | 0.01% | Jun 5, 2026 |
| Rose M. Kirk | Director | 9,835 | 0.02% | Jun 5, 2026 |
| Michael Louis Battles | Director | 10,289 | 0.02% | Jun 5, 2026 |
| Joseph Doody | Director | 13,143 | 0.02% | Jun 5, 2026 |
| John W. Casella | Director | 525,589 | 0.83% | Jun 2, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Michael K. Burke Director | Sep 3, 2026 | Sale | −1,100 | $95.26 | $104.79K | 13,641 |
| Michael K. Burke Director | Aug 26, 2026 | Sale | −1,100 | $92.99 | $102.29K | 14,741 |
| Douglas R. Casella VICE CHAIRMAN, BD OF DIRECTORS | Aug 14, 2026 | Sale | −1,343 | $91.12 | $122.37K | 90,141 |
| Douglas R. Casella VICE CHAIRMAN, BD OF DIRECTORS | Aug 13, 2026 | Sale | −13,319 | $91.07 | $1.21M | 91,484 |
| Douglas R. Casella VICE CHAIRMAN, BD OF DIRECTORS | Aug 13, 2026 | Sale | −1,838 | $90.89 | $167.06K | 104,803 |
| Emily Nagle Green Director | Jun 8, 2026 | Gift | −600 | – | – | 16,902 |
| Joseph Doody Director | Jun 4, 2026 | Award | +1,793 | $83.65 | $149.98K | 13,143 |
| Michael K. Burke Director | Jun 4, 2026 | Award | +1,793 | $83.65 | $149.98K | 15,841 |
| Douglas R. Casella VICE CHAIRMAN, BD OF DIRECTORS | Jun 4, 2026 | Award | +1,793 | $83.65 | $149.98K | 106,641 |
| Gary Sova Director | Jun 4, 2026 | Award | +1,793 | $83.65 | $149.98K | 8,204 |
| William P. Hulligan Director | Jun 4, 2026 | Award | +1,793 | $83.65 | $149.98K | 8,161 |
| Michael Louis Battles Director | Jun 4, 2026 | Award | +1,793 | $83.65 | $149.98K | 10,289 |
| Rose M. Kirk Director | Jun 4, 2026 | Award | +1,793 | $83.65 | $149.98K | 9,835 |
| Emily Nagle Green Director | Jun 4, 2026 | Award | +1,793 | $83.65 | $149.98K | 17,502 |
| John W. Casella Director | Jun 1, 2026 | Gift | +36,200 | – | – | 170,200 |
| John W. Casella Director | Jun 1, 2026 | Gift | −36,200 | – | – | 129,800 |
| John W. Casella Director | Jun 1, 2026 | Gift | −30,800 | – | – | 26,300 |
| John W. Casella Director | Jun 1, 2026 | Gift | +30,800 | – | – | 167,800 |
| Michael K. Burke Director | May 26, 2026 | Sale | −2,305 | $87.56 | $201.83K | 14,048 |
| Edmond Coletta PRESIDENT & CEO | May 19, 2026 | Sale | −6,000 | $89.03 | $534.18K | 146,618 |
| Edmond Coletta PRESIDENT & CEO | May 19, 2026 | Sale | −1,593 | $90.00 | $143.37K | 145,025 |
| Edmond Coletta PRESIDENT & CEO | May 19, 2026 | Sale | −4,907 | $90.07 | $441.97K | 140,118 |
| Douglas R. Casella VICE CHAIRMAN, BD OF DIRECTORS | Mar 18, 2026 | Gift | +40,000 | – | – | 171,000 |
| Douglas R. Casella VICE CHAIRMAN, BD OF DIRECTORS | Mar 18, 2026 | Gift | −40,000 | – | – | 129,000 |
| Douglas R. Casella VICE CHAIRMAN, BD OF DIRECTORS | Mar 18, 2026 | Gift | +40,000 | – | – | 177,000 |
| Douglas R. Casella VICE CHAIRMAN, BD OF DIRECTORS | Mar 17, 2026 | Gift | +33,000 | – | – | 170,000 |
| Douglas R. Casella VICE CHAIRMAN, BD OF DIRECTORS | Mar 17, 2026 | Gift | −33,000 | – | – | 24,100 |
| Douglas R. Casella VICE CHAIRMAN, BD OF DIRECTORS | Mar 17, 2026 | Gift | +33,000 | – | – | 164,000 |
| Christopher Alan Rains Sr. VP & Chief Revenue Officer | Mar 16, 2026 | Award | +989 | – | – | 989 |
| John W. Casella Director | Mar 16, 2026 | Sale(10b5-1 plan) | −1,744 | $87.77 | $153.07K | 30,795 |
| Bradford John Helgeson Executive VP and CFO | Mar 16, 2026 | Sale(10b5-1 plan) | −405 | $87.73 | $35.53K | 7,342 |
| Shelley E. Sayward SENIOR VP & GENERAL COUNSEL | Mar 16, 2026 | Sale(10b5-1 plan) | −362 | $87.73 | $31.76K | 28,369 |
| Sean Steves Sr VP & COO of SW Ops | Mar 16, 2026 | Sale(10b5-1 plan) | −197 | $87.80 | $17.30K | 9,375 |
| Kevin Drohan VP & CHIEF ACCOUNTING OFFICER | Mar 16, 2026 | Sale(10b5-1 plan) | −85 | $87.73 | $7.46K | 7,873 |
| Edmond Coletta PRESIDENT & CEO | Mar 16, 2026 | Sale(10b5-1 plan) | −988 | $87.81 | $86.76K | 152,618 |
| John W. Casella Director | Mar 12, 2026 | Sale(10b5-1 plan) | −963 | $90.06 | $86.73K | 32,539 |
| John W. Casella Director | Mar 12, 2026 | Award | +5,513 | – | – | 33,502 |
| Bradford John Helgeson Executive VP and CFO | Mar 12, 2026 | Award | +2,756 | – | – | 7,747 |
| Shelley E. Sayward SENIOR VP & GENERAL COUNSEL | Mar 12, 2026 | Award | +1,654 | – | – | 28,860 |
| Shelley E. Sayward SENIOR VP & GENERAL COUNSEL | Mar 12, 2026 | Sale(10b5-1 plan) | −129 | $89.71 | $11.57K | 28,731 |
| Sean Steves Sr VP & COO of SW Ops | Mar 12, 2026 | Sale(10b5-1 plan) | −97 | $89.71 | $8.70K | 9,572 |
| Kevin Drohan VP & CHIEF ACCOUNTING OFFICER | Mar 12, 2026 | Sale(10b5-1 plan) | −55 | $89.52 | $4.92K | 7,958 |
| Kevin Drohan VP & CHIEF ACCOUNTING OFFICER | Mar 12, 2026 | Award | +551 | – | – | 8,013 |
| Edmond Coletta PRESIDENT & CEO | Mar 12, 2026 | Award | +6,892 | – | – | 153,983 |
| Edmond Coletta PRESIDENT & CEO | Mar 12, 2026 | Sale(10b5-1 plan) | −377 | $89.80 | $33.85K | 153,606 |
| Sean Steves Sr VP & COO of SW Ops | Feb 27, 2026 | Sale | −1,199 | $92.89 | $111.38K | 9,669 |
| Kevin Drohan VP & CHIEF ACCOUNTING OFFICER | Feb 27, 2026 | Sale | −675 | $92.61 | $62.51K | 7,462 |
| Shelley E. Sayward SENIOR VP & GENERAL COUNSEL | Feb 27, 2026 | Sale | −1,591 | $92.91 | $147.82K | 27,206 |
| John W. Casella CHIEF EXECUTIVE OFFICER, Director | Feb 27, 2026 | Sale | −6,726 | $93.10 | $626.19K | 27,989 |
| Edmond Coletta PRESIDENT | Feb 27, 2026 | Sale | −3,812 | $93.70 | $357.18K | 147,091 |
| Sean Steves Sr VP & COO of SW Ops | Feb 26, 2026 | Award | +3,433 | – | – | 10,868 |
| Kevin Drohan VP & CHIEF ACCOUNTING OFFICER | Feb 26, 2026 | Award | +2,452 | – | – | 8,137 |
| Shelley E. Sayward SENIOR VP & GENERAL COUNSEL | Feb 26, 2026 | Award | +4,598 | – | – | 28,797 |
| John W. Casella CHIEF EXECUTIVE OFFICER, Director | Feb 26, 2026 | Award | +23,299 | – | – | 34,715 |
| Edmond Coletta PRESIDENT | Feb 26, 2026 | Award | +9,810 | – | – | 150,903 |
| Edmond Coletta PRESIDENT | Dec 8, 2025 | Gift | −2,000 | – | – | 148,093 |
| Edmond Coletta PRESIDENT | Dec 8, 2025 | Sale | −7,000 | $100.07 | $700.49K | 141,093 |
| Douglas R. Casella VICE CHAIRMAN, BD OF DIRECTORS | Dec 8, 2025 | Gift | −3,900 | – | – | 104,848 |
| Bradford John Helgeson Executive VP and CFO | Nov 7, 2025 | Sale(10b5-1 plan) | −262 | $87.65 | $22.96K | 4,991 |
| Emily Nagle Green Director | Nov 5, 2025 | Gift | −1,130 | – | – | 15,709 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Burke Michael Director | Sep 3, 2026 | 1,100 | $105.56K | Sep 3, 2026 | Acquired as compensation -- Restricted Stock Units |
| Burke Michael Director | Aug 26, 2026 | 1,100 | $103.11K | Aug 26, 2026 | Acquired as compensation -- Restricted Stock Units |
| Casella Douglas Director | Aug 14, 2026 | 1,343 | $121.84K | Aug 14, 2026 | Acquired from issuer in private transaction |
| Casella Douglas Director | Aug 13, 2026 | 13,319 | $1.21M | Aug 13, 2026 | Acquired as compensation -- Restricted Stock Units |
| Douglas R. Casella Officer, Director | Aug 13, 2026 | 1,838 | $166.99K | Aug 13, 2026 | RSU |
| Burke Michael Director | May 26, 2026 | 2,305 | $200.79K | May 26, 2026 | Acquired as compensation -- Restricted Stock Units |
| Coletta Edmond Officer | May 19, 2026 | 4,907 | $425.63K | May 19, 2026 | Acquired as compensation -- Restricted Stock Units |
| Edmond Coletta Officer | May 19, 2026 | 7,593 | $677.35K | May 19, 2026 | RSU |
| Edmond Coletta Officer | Mar 16, 2026 | 988 | $86.76K | Mar 16, 2026 | RSU |
| W. Casella John Officer | Mar 16, 2026 | 1,744 | $153.07K | Mar 16, 2026 | RSU |
| Bradford John Helgeson Officer | Mar 16, 2026 | 405 | $35.53K | Mar 16, 2026 | RSU |
| Sean Steves Officer | Mar 16, 2026 | 197 | $17.30K | Mar 16, 2026 | RSU |
| Kevin Drohan Officer | Mar 16, 2026 | 85 | $7.46K | Mar 16, 2026 | RSU |
| Shelley E. Sayward Officer | Mar 16, 2026 | 362 | $31.76K | Mar 16, 2026 | RSU |
| Kevin Drohan Officer | Mar 12, 2026 | 55 | $4.88K | Mar 12, 2026 | RSU |