Arrowstreet Capital Limited Partnership Buys Shares of 37,660 Advanced Emissions Solutions, Inc. (ADES)

Arrowstreet Capital Limited Partnership acquired a new stake in shares of Advanced Emissions Solutions, Inc. (NASDAQ:ADES) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 37,660 shares of the industrial products company’s stock, valued at approximately $345,000. Arrowstreet Capital Limited Partnership owned approximately 0.18% of Advanced Emissions Solutions at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank of New York Mellon Corp grew its stake in Advanced Emissions Solutions by 40.4% during the 1st quarter. Bank of New York Mellon Corp now owns 16,543 shares of the industrial products company’s stock valued at $158,000 after acquiring an additional 4,757 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Advanced Emissions Solutions by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 786,434 shares of the industrial products company’s stock valued at $7,502,000 after buying an additional 8,650 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in shares of Advanced Emissions Solutions in the 1st quarter valued at approximately $140,000. New York State Common Retirement Fund acquired a new position in shares of Advanced Emissions Solutions in the 2nd quarter worth approximately $205,000. Finally, Rhumbline Advisers acquired a new position in shares of Advanced Emissions Solutions in the 2nd quarter worth approximately $211,000. 69.81% of the stock is owned by institutional investors.

Shares of Advanced Emissions Solutions, Inc. (NASDAQ ADES) traded up $0.27 on Friday, hitting $11.56. 109,900 shares of the stock were exchanged, compared to its average volume of 107,981. Advanced Emissions Solutions, Inc. has a fifty-two week low of $7.65 and a fifty-two week high of $12.25. The firm has a market cap of $238.10, a price-to-earnings ratio of 7.19 and a beta of 2.81.

Advanced Emissions Solutions (NASDAQ:ADES) last announced its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.43). Advanced Emissions Solutions had a net margin of 249.58% and a return on equity of 45.61%. The firm had revenue of $2.29 million during the quarter, compared to analyst estimates of $8.30 million. analysts anticipate that Advanced Emissions Solutions, Inc. will post 1.29 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Friday, November 17th will be issued a $0.25 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.65%. Advanced Emissions Solutions’s payout ratio is 22.99%.

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ADES has been the topic of several recent analyst reports. Canaccord Genuity restated a “buy” rating and issued a $20.00 price objective on shares of Advanced Emissions Solutions in a report on Thursday, September 28th. Zacks Investment Research upgraded shares of Advanced Emissions Solutions from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Friday, August 11th. HC Wainwright restated a “buy” rating and issued a $18.00 price objective on shares of Advanced Emissions Solutions in a report on Wednesday. Finally, ValuEngine upgraded shares of Advanced Emissions Solutions from a “buy” rating to a “strong-buy” rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $17.00.

Advanced Emissions Solutions Profile

ADA-ES, Inc (ADA) develops, offers, and implements environmental technologies and provides equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations by enhancing existing air pollution control equipment. ADA’s wholly owned subsidiaries include Advanced Emissions Solutions, Inc, ADA Intellectual Property, LLC and ADA Environmental Solutions, LLC.

Institutional Ownership by Quarter for Advanced Emissions Solutions (NASDAQ:ADES)

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