Advanced Disposal Services Inc (NYSE:ADSW) insider Steven R. Carn sold 18,666 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $23.53, for a total value of $439,210.98. Following the completion of the transaction, the insider now owns 139,071 shares in the company, valued at $3,272,340.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Advanced Disposal Services Inc (ADSW) traded up $0.09 during midday 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. 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 52 week low of $20.94 and a 52 week high of $25.71. The company has a market capitalization of $2,140.00 and a PE ratio of -86.32.
Advanced Disposal Services (NYSE:ADSW) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). Advanced Disposal Services had a positive return on equity of 5.84% and a negative net margin of 1.61%. The company had revenue of $392.70 million for the quarter, compared to the consensus estimate of $383.11 million. During the same period in the previous year, the firm earned $0.06 earnings per share. The company’s revenue was up 8.9% compared to the same quarter last year. equities analysts predict that Advanced Disposal Services Inc will post 0.5 EPS for the current year.
A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded Advanced Disposal Services from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Stifel Nicolaus upgraded Advanced Disposal Services from a “hold” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $28.00 in a research report on Monday, December 11th. KeyCorp assumed coverage on Advanced Disposal Services in a research report on Thursday, November 30th. They issued a “sector weight” rating on the stock. Credit Suisse Group decreased their target price on Advanced Disposal Services from $28.00 to $27.00 and set an “outperform” rating on the stock in a research report on Friday, November 3rd. Finally, BidaskClub downgraded Advanced Disposal Services from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $26.38.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Advanced Disposal Services during the third quarter valued at approximately $119,000. Legal & General Group Plc grew its stake 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 valued at $146,000 after buying an additional 795 shares during the last quarter. Parametric Portfolio Associates LLC bought a new position in shares of Advanced Disposal Services during the second quarter valued at approximately $220,000. Voya Investment Management LLC bought a new position in shares of Advanced Disposal Services during the second quarter valued at approximately $238,000. Finally, Convergence Investment Partners LLC bought a new position in shares of Advanced Disposal Services during the third quarter valued at approximately $349,000. 96.54% of the stock is currently owned by hedge funds and other institutional investors.
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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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