Silvercrest Asset Management Group 13F: Cuts CWST Stake by $8.6M

Silvercrest Trims Casella Waste Holdings

Silvercrest Asset Management Group adjusted its equity portfolio by lowering its exposure to Casella Waste Systems, Inc. (NasdaqGS: CWST) during the period ended May 15, 2026, according to a recent Form 13F filing with the SEC. The filing reflects holdings as of the reporting period and may not represent the investor's current position today. The institutional investor cut its position by selling 96,513 shares, which amounted to a 7.15% decrease from its prior count of 1,348,555 shares. That remaining stake of 1,252,042 shares carried a value of approximately $111.8 million at the time of the report.

Position Details and Share Reduction

The reduction by Silvercrest follows a busy quarter of portfolio adjustments for the asset manager, which also made moves across several other industrial and healthcare equities around the same reporting cycle. This particular trim left the firm with just over 1.25 million shares in the waste collection and resource management provider. Because 13F filings look backward at closed quarters, market participants often check subsequent price action to see how shares performed after the paperwork cleared.

Casella Waste Stock Price Context

Shares of Casella Waste Systems have traded within a 52-week range spanning from $74.05 up to $107.96. The stock recently changed hands around $89.37. The company operates with a trailing price-to-earnings ratio of 1088.13 alongside a forward price-to-earnings ratio of 59.33. Its fifty-day moving average sits near $91.83, while the two-hundred-day moving average rests close to $91.94.

Analysts Set New Price Targets

Wall Street research firms continue to monitor the company closely through various target updates and rating checks. On June 26, 2026, UBS maintained its buy rating while adjusting its target to $122.00 from $130.00. Later in the summer, on August 10, 2026, Barclays maintained an overweight rating with a target of $104.00, up from its prior mark of $102.00, while JP Morgan kept a neutral stance with a target of $105.00. Most recently, on October 8, 2026, JP Morgan maintained its neutral rating while lowering its target to $91.00 from $105.00. Across the broader analyst community, the stock currently holds a consensus buy rating from ten analysts with a mean price target of $111.80.

Waste Management Operations

Casella Waste Systems operates as a solid waste services provider headquartered in Rutland, Vermont. The firm delivers resource management, collection, transfer, recycling, and disposal services to residential, commercial, and industrial customers across the United States. Founded in 1975, the company also processes and markets various recycled materials, including cardboard, paper, plastics, glass, and metals.

What to Watch at CWST

Investors tracking Silvercrest's holdings will look to future quarterly disclosures to see if the firm continues trimming or reverses course on the position. Meanwhile, market watchers can look toward the company's next scheduled financial updates for deeper insights into its ongoing operational results and revenue trends.