Zacks Investment Research upgraded shares of Advanced Emissions Solutions (NASDAQ:ADES) from a strong sell rating to a hold rating in a research report sent to investors on Tuesday morning.
According to Zacks, “Advanced Emissions Solutions, Inc. develops, offers and implements environmental technologies, equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations. It operates in three principal business segments: Refined Coal, Emissions Control and CO2 capture. The company also offers dry sorbent injection systems to control SO2 and acid gases. It operates primarily in the United States along with its subsidiaries. Advanced Emissions Solutions, Inc. formerly known as ADA-ES, Inc., is based in Highlands Ranch, Colorado. “
Several other research firms also recently commented on ADES. ValuEngine raised Advanced Emissions Solutions from a hold rating to a buy rating in a research note on Wednesday, December 6th. Canaccord Genuity reissued a buy rating and issued a $20.00 price objective on shares of Advanced Emissions Solutions in a research note on Thursday, September 28th. Finally, HC Wainwright reissued a buy rating and issued a $18.00 price objective on shares of Advanced Emissions Solutions in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Advanced Emissions Solutions has an average rating of Buy and a consensus target price of $17.00.
Shares of Advanced Emissions Solutions (NASDAQ ADES) traded down $0.27 during trading hours on Tuesday, hitting $8.68. The stock had a trading volume of 203,100 shares, compared to its average volume of 136,913. Advanced Emissions Solutions has a 52-week low of $7.65 and a 52-week high of $12.25. The stock has a market cap of $191.49, a price-to-earnings ratio of 2.00 and a beta of 2.65.
Advanced Emissions Solutions (NASDAQ:ADES) last announced its earnings results on Monday, November 6th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.29 million for the quarter, compared to analysts’ expectations of $8.30 million. equities analysts expect that Advanced Emissions Solutions will post 1.29 earnings per share for the current year.
Advanced Emissions Solutions declared that its board has approved a stock buyback plan on Monday, December 4th that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits the industrial products company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
In other Advanced Emissions Solutions news, Director Alan Bradley Gabbard sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $8.17, for a total value of $81,700.00. Following the completion of the sale, the director now directly owns 34,480 shares of the company’s stock, valued at approximately $281,701.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Fundamental Advisers Sp L. Alta bought 262,266 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was bought at an average cost of $9.89 per share, with a total value of $2,593,810.74. The disclosure for this purchase can be found here. 8.49% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its stake in shares of Advanced Emissions Solutions by 13,343.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,476 shares of the industrial products company’s stock worth $160,000 after acquiring an additional 17,346 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Advanced Emissions Solutions in the 3rd quarter worth $206,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Advanced Emissions Solutions in the 3rd quarter worth $244,000. New York State Common Retirement Fund acquired a new stake in shares of Advanced Emissions Solutions in the 2nd quarter worth $205,000. Finally, Rhumbline Advisers acquired a new stake in shares of Advanced Emissions Solutions in the 2nd quarter worth $211,000. 71.29% of the stock is owned by institutional investors and hedge funds.
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Advanced Emissions Solutions Company 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.
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