American Century Companies Inc. cut its stake in Advanced Disposal Services Inc. (NYSE:ADSW) by 16.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 279,923 shares of the company’s stock after selling 56,893 shares during the period. American Century Companies Inc. owned about 0.32% of Advanced Disposal Services worth $7,051,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in ADSW. Legal & General Group Plc grew its position in Advanced Disposal Services by 14.1% during the second quarter. Legal & General Group Plc now owns 6,426 shares of the company’s stock worth $146,000 after buying an additional 795 shares during the period. Parametric Portfolio Associates LLC purchased a new stake in shares of Advanced Disposal Services in the second quarter valued at about $220,000. Voya Investment Management LLC purchased a new position in shares of Advanced Disposal Services during the second quarter valued at approximately $238,000. Legato Capital Management LLC purchased a new position in shares of Advanced Disposal Services during the second quarter valued at approximately $277,000. Finally, Teacher Retirement System of Texas lifted its stake in shares of Advanced Disposal Services by 24.7% during the second quarter. Teacher Retirement System of Texas now owns 12,469 shares of the company’s stock valued at $283,000 after buying an additional 2,469 shares during the period. 95.20% of the stock is owned by hedge funds and other institutional investors.
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ADSW has been the topic of several recent analyst reports. Stifel Nicolaus downgraded shares of Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $26.00 price objective on the stock. in a research note on Wednesday, October 4th. Credit Suisse Group reduced their price objective on shares of Advanced Disposal Services from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. BidaskClub cut shares of Advanced Disposal Services from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. 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. Finally, Deutsche Bank AG raised their price target on shares of Advanced Disposal Services from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Monday, August 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Advanced Disposal Services has an average rating of “Hold” and an average target price of $26.13.
In other news, insider Steven R. Carn sold 18,666 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $23.89, for a total transaction of $445,930.74. Following the transaction, the insider now directly owns 213,735 shares in the company, valued at approximately $5,106,129.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 55,998 shares of company stock worth $1,378,484 in the last ninety days. Insiders own 1.20% of the company’s stock.
Shares of Advanced Disposal Services Inc. (NYSE:ADSW) opened at $22.81 on Wednesday. Advanced Disposal Services Inc. has a 12 month low of $19.23 and a 12 month high of $25.71. The company has a market capitalization of $2,020.25 and a PE ratio of 40.77. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.63 and a current ratio of 0.63.
Advanced Disposal Services (NYSE:ADSW) last released its quarterly earnings data on Wednesday, November 1st. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). Advanced Disposal Services had a negative net margin of 1.61% and a positive return on equity of 5.84%. The firm had revenue of $392.70 million for the quarter, compared to the consensus estimate of $383.11 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. sell-side analysts anticipate that Advanced Disposal Services Inc. will post 0.52 EPS for the current fiscal year.
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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