FMR LLC raised its position in shares of Advanced Disposal Services Inc (NASDAQ:ADSW) by 33.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,949,624 shares of the company’s stock after buying an additional 485,048 shares during the period. FMR LLC owned about 2.21% of Advanced Disposal Services worth $44,315,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc increased its holdings in shares of Advanced Disposal Services by 14.1% in the second quarter. Legal & General Group Plc now owns 6,426 shares of the company’s stock valued at $146,000 after purchasing an additional 795 shares in the last quarter. Legato Capital Management LLC acquired a new stake in shares of Advanced Disposal Services in the second quarter valued at approximately $277,000. Teacher Retirement System of Texas increased its holdings in shares of Advanced Disposal Services by 24.7% in the second quarter. Teacher Retirement System of Texas now owns 12,469 shares of the company’s stock valued at $283,000 after purchasing an additional 2,469 shares in the last quarter. American International Group Inc. acquired a new stake in shares of Advanced Disposal Services in the first quarter valued at approximately $288,000. Finally, Nationwide Fund Advisors boosted its stake in Advanced Disposal Services by 15.9% in the first quarter. Nationwide Fund Advisors now owns 13,109 shares of the company’s stock valued at $296,000 after acquiring an additional 1,795 shares during the last quarter.
Shares of Advanced Disposal Services Inc (NASDAQ ADSW) opened at 25.47 on Friday. Advanced Disposal Services Inc has a 52 week low of $18.32 and a 52 week high of $25.71. The firm has a 50-day moving average of $24.67 and a 200 day moving average of $24.67. The firm’s market capitalization is $2.25 billion.
Advanced Disposal Services (NASDAQ:ADSW) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. Advanced Disposal Services had a negative net margin of 0.05% and a negative return on equity of 0.10%. The firm had revenue of $383.10 million for the quarter, compared to analyst estimates of $372.78 million. During the same period last year, the firm earned $0.10 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts predict that Advanced Disposal Services Inc will post $0.53 earnings per share for the current fiscal year.
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In other Advanced Disposal Services news, insider Steven R. Carn sold 18,666 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $23.89, for a total value of $445,930.74. Following the transaction, the insider now directly owns 213,735 shares of the company’s stock, valued at $5,106,129.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 55,998 shares of company stock worth $1,372,138 over the last ninety days.
ADSW has been the topic of a number of recent research reports. Deutsche Bank AG raised their price objective on shares of Advanced Disposal Services from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Monday, August 7th. Zacks Investment Research raised shares of Advanced Disposal Services from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective on the stock in a research note on Wednesday, October 4th. BidaskClub raised shares of Advanced Disposal Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Stifel Nicolaus cut shares of Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $26.00 price target on the stock. in a research report on Wednesday, October 4th. Finally, Barclays PLC cut shares of Advanced Disposal Services from an “overweight” rating to an “equal weight” rating and set a $26.00 price target on the stock. in a research report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. Advanced Disposal Services presently has a consensus rating of “Buy” and an average target price of $25.55.
Advanced Disposal Services Company Profile
Advanced Disposal Services, Inc is an integrated provider of non-hazardous solid waste collection, transfer, recycling and disposal services operating primarily in secondary markets or under exclusive arrangements. The Company’s segments include South, East, Midwest and Corporate. As of December 31, 2016, the Company had its presence in 16 states across the Midwest, South and East regions of the United States, as well as in the Commonwealth of the Bahamas, served approximately 2.7 million residential customers and over 200,000 commercial and industrial (C&I) customers through its network of 90 collection operations, 72 transfer stations, 21 owned or operated recycling facilities and 39 owned or operated active landfills.
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