Wells Fargo & Company MN increased its position in shares of Advanced Disposal Services Inc (NYSE:ADSW) by 16.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 621,657 shares of the company’s stock after buying an additional 85,941 shares during the quarter. Wells Fargo & Company MN owned about 0.70% of Advanced Disposal Services worth $15,659,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in ADSW. Vanguard Group Inc. grew its stake in Advanced Disposal Services by 82.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,048,467 shares of the company’s stock worth $69,291,000 after buying an additional 1,376,582 shares during the last quarter. Alliancebernstein L.P. grew its stake in Advanced Disposal Services by 83.8% during the 2nd quarter. Alliancebernstein L.P. now owns 2,700,487 shares of the company’s stock worth $61,382,000 after buying an additional 1,231,117 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Advanced Disposal Services by 100.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,894,682 shares of the company’s stock worth $43,067,000 after buying an additional 951,589 shares during the last quarter. Citigroup Inc. grew its stake in Advanced Disposal Services by 1,567.1% during the 2nd quarter. Citigroup Inc. now owns 714,095 shares of the company’s stock worth $16,231,000 after buying an additional 671,261 shares during the last quarter. Finally, Davidson Kempner Capital Management LP grew its stake in Advanced Disposal Services by 117.0% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 1,025,000 shares of the company’s stock worth $23,298,000 after buying an additional 552,554 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.
ADSW has been the topic of a number of research reports. Stifel Nicolaus upgraded Advanced Disposal Services from a “hold” rating to a “buy” rating and raised their price target for the stock from $26.00 to $28.00 in a research note on Monday, December 11th. Credit Suisse Group dropped their price target on 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. Zacks Investment Research upgraded Advanced Disposal Services from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. BidaskClub downgraded Advanced Disposal Services from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Finally, KeyCorp started coverage on Advanced Disposal Services in a research report on Thursday, November 30th. They set a “sector weight” rating for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $26.38.
In other news, insider Steven R. Carn sold 18,666 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $24.60, for a total value of $459,183.60. Following the completion of the sale, the insider now directly owns 176,403 shares of the company’s stock, valued at approximately $4,339,513.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Highstar Capital Lp sold 19,998,544 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were 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 over the last three months. Insiders own 1.20% of the company’s stock.
Advanced Disposal Services Inc (NYSE:ADSW) traded up $0.09 during trading on Friday, reaching $24.17. The company’s stock had a trading volume of 865,334 shares, compared to its average volume of 434,435. Advanced Disposal Services Inc has a 52 week low of $20.94 and a 52 week high of $25.71. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.25. The firm has a market cap of $2,140.00 and a PE ratio of -86.32.
Advanced Disposal Services (NYSE:ADSW) last posted its quarterly earnings data 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 company had revenue of $392.70 million for the quarter, compared to analyst estimates 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 firm’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 earnings per share. equities analysts predict that Advanced Disposal Services Inc will post 0.5 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: This story was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/01/13/advanced-disposal-services-inc-adsw-stake-raised-by-wells-fargo-company-mn.html.
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.
Receive News & Ratings for Advanced Disposal Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Disposal Services and related companies with MarketBeat.com's FREE daily email newsletter.