Bank of New York Mellon Corp lifted its position in Advanced Disposal Services Inc (NYSE:ADSW) by 55.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,855 shares of the company’s stock after acquiring an additional 53,319 shares during the period. Bank of New York Mellon Corp owned approximately 0.17% of Advanced Disposal Services worth $3,750,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. Legal & General Group Plc lifted its holdings in shares of 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 in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Advanced Disposal Services by 11.6% in the second quarter. The Manufacturers Life Insurance Company now owns 21,030 shares of the company’s stock worth $478,000 after purchasing an additional 2,186 shares during the period. Legato Capital Management LLC grew its position in Advanced Disposal Services by 23.9% in the third quarter. Legato Capital Management LLC now owns 15,110 shares of the company’s stock valued at $381,000 after acquiring an additional 2,910 shares during the last quarter. Rhumbline Advisers grew its position in Advanced Disposal Services by 25.4% in the second quarter. Rhumbline Advisers now owns 28,292 shares of the company’s stock valued at $643,000 after acquiring an additional 5,727 shares during the last quarter. Finally, Verition Fund Management LLC grew its position in Advanced Disposal Services by 86.7% in the second quarter. Verition Fund Management LLC now owns 17,172 shares of the company’s stock valued at $390,000 after acquiring an additional 7,975 shares during the last quarter. 96.54% of the stock is owned by institutional investors.
Several analysts have recently weighed in on the company. Zacks Investment Research cut Advanced Disposal Services from a “strong-buy” rating to a “hold” rating in a report on Friday, October 6th. KeyCorp began coverage on Advanced Disposal Services in a research note on Thursday, November 30th. They issued a “sector weight” rating on the stock. BidaskClub raised Advanced Disposal Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Stifel Nicolaus lowered Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $26.00 price target on the stock. in a research note on Wednesday, October 4th. Finally, Credit Suisse Group decreased their price objective on Advanced Disposal Services from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $26.38.
Advanced Disposal Services Inc (NYSE:ADSW) opened at $23.57 on Thursday. The stock has a market capitalization of $2,090.00 and a price-to-earnings ratio of -84.18. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.63 and a quick ratio of 0.63. Advanced Disposal Services Inc has a 12 month low of $20.94 and a 12 month high of $25.71.
Advanced Disposal Services (NYSE:ADSW) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The business had revenue of $392.70 million during the quarter, compared to the consensus estimate of $383.11 million. Advanced Disposal Services had a negative net margin of 1.61% and a positive return on equity of 5.84%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS. equities research analysts expect that Advanced Disposal Services Inc will post 0.5 earnings per share for the current fiscal year.
In related news, CFO Steven R. Carn sold 18,666 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $23.07, for a total transaction of $430,624.62. Following the sale, the chief financial officer now owns 157,737 shares of the company’s stock, valued at approximately $3,638,992.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Highstar Capital Lp sold 19,998,544 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $21.77, for a total value of $435,368,302.88. The disclosure for this sale can be found here. Insiders sold a total of 20,054,542 shares of company stock valued at $436,697,322 in the last 90 days. Corporate insiders own 1.20% of the company’s stock.
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About Advanced Disposal Services
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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