American Century Companies Inc. decreased its holdings in shares of Advanced Disposal Services Inc. (NYSE:ADSW) by 16.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 have also made changes to their positions in the business. Legal & General Group Plc raised its stake 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 acquiring an additional 795 shares during the last quarter. Parametric Portfolio Associates LLC bought a new position in shares of Advanced Disposal Services in the second quarter valued at approximately $220,000. Voya Investment Management LLC bought a new position in shares of Advanced Disposal Services in the second quarter valued at approximately $238,000. Legato Capital Management LLC bought a new position in shares of Advanced Disposal Services in the second quarter valued at approximately $277,000. Finally, Teacher Retirement System of Texas raised its stake 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 acquiring an additional 2,469 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.
ADSW has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Advanced Disposal Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Stifel Nicolaus lowered shares of Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $26.00 price target for the company. in a report on Wednesday, October 4th. Zacks Investment Research raised shares of Advanced Disposal Services from a “hold” rating to a “strong-buy” rating and set a $29.00 price target for the company in a report on Wednesday, October 4th. Credit Suisse Group lowered their price target on shares of Advanced Disposal Services from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Finally, KeyCorp initiated coverage on shares of Advanced Disposal Services in a report on Thursday, November 30th. They issued a “sector weight” rating for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $26.13.
In related news, insider Steven R. Carn sold 18,666 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $25.36, for a total value of $473,369.76. Following the sale, the insider now directly owns 195,069 shares of the company’s stock, valued at approximately $4,946,949.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Highstar Capital Lp sold 19,998,544 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $21.77, for a total transaction of $435,368,302.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,054,542 shares of company stock worth $436,731,481. Insiders own 1.20% of the company’s stock.
Advanced Disposal Services Inc. (NYSE ADSW) traded down $0.04 on Thursday, reaching $22.66. 280,220 shares of the company’s stock were exchanged, compared to its average volume of 350,261. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.25. Advanced Disposal Services Inc. has a 12-month low of $19.23 and a 12-month high of $25.71. The firm has a market cap of $2,007.86, a price-to-earnings ratio of 40.52, a PEG ratio of 3.21 and a beta of -0.67.
Advanced Disposal Services (NYSE:ADSW) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The firm had revenue of $392.70 million for the quarter, compared to the consensus estimate of $383.11 million. Advanced Disposal Services had a positive return on equity of 5.84% and a negative net margin of 1.61%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 earnings per share. equities analysts forecast that Advanced Disposal Services Inc. will post 0.51 earnings per share for the current fiscal year.
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Advanced Disposal Services 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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