Advanced Disposal Services Inc (NYSE:ADSW) insider Steven R. Carn sold 18,666 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $23.53, for a total value of $439,210.98. Following the sale, the insider now owns 139,071 shares in the company, valued at approximately $3,272,340.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Advanced Disposal Services Inc (NYSE:ADSW) traded up $0.06 during trading on Friday, reaching $24.39. The company had a trading volume of 98,532 shares, compared to its average volume of 380,161. Advanced Disposal Services Inc has a 52-week low of $20.94 and a 52-week high of $25.71. The firm has a market capitalization of $2,160.00 and a PE ratio of -87.11. 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 (NYSE:ADSW) last issued its earnings results on Wednesday, November 1st. The company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). Advanced Disposal Services had a negative net margin of 1.61% and a positive return on equity of 5.84%. The firm had revenue of $392.70 million during the quarter, compared to analyst estimates of $383.11 million. During the same quarter in the previous year, the business posted $0.06 EPS. Advanced Disposal Services’s revenue was up 8.9% compared to the same quarter last year. analysts predict that Advanced Disposal Services Inc will post 0.5 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Advanced Disposal Services by 82.3% in the second quarter. Vanguard Group Inc. now owns 3,048,467 shares of the company’s stock valued at $69,291,000 after purchasing an additional 1,376,582 shares during the period. Alliancebernstein L.P. raised its position in Advanced Disposal Services by 83.8% in the second quarter. Alliancebernstein L.P. now owns 2,700,487 shares of the company’s stock valued at $61,382,000 after purchasing an additional 1,231,117 shares during the period. JPMorgan Chase & Co. raised its position in Advanced Disposal Services by 100.9% in the second quarter. JPMorgan Chase & Co. now owns 1,894,682 shares of the company’s stock valued at $43,067,000 after purchasing an additional 951,589 shares during the period. Citigroup Inc. raised its position in Advanced Disposal Services by 1,567.1% in the second quarter. Citigroup Inc. now owns 714,095 shares of the company’s stock valued at $16,231,000 after purchasing an additional 671,261 shares during the period. Finally, Davidson Kempner Capital Management LP raised its position in Advanced Disposal Services by 117.0% in the second quarter. Davidson Kempner Capital Management LP now owns 1,025,000 shares of the company’s stock valued at $23,298,000 after purchasing an additional 552,554 shares during the period. Hedge funds and other institutional investors own 96.81% of the company’s stock.
ADSW has been the topic of several analyst reports. Stifel Nicolaus upgraded Advanced Disposal Services from a “hold” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $28.00 in a report on Monday, December 11th. Credit Suisse Group decreased their price objective on Advanced Disposal Services from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Zacks Investment Research cut Advanced Disposal Services from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. BidaskClub cut Advanced Disposal Services from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. Finally, KeyCorp initiated coverage on Advanced Disposal Services in a report on Thursday, November 30th. They issued a “sector weight” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $26.38.
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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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