Advanced Disposal Services Inc (ADSW) Given Consensus Rating of “Hold” by Brokerages

Shares of Advanced Disposal Services Inc (NYSE:ADSW) have been assigned an average rating of “Hold” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $26.00.

A number of brokerages have issued reports on ADSW. Zacks Investment Research raised Advanced Disposal Services from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective for the company in a report on Wednesday, October 4th. Stifel Nicolaus cut Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $26.00 price objective for the company. in a report on Wednesday, October 4th. BidaskClub cut Advanced Disposal Services from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. KeyCorp began coverage on Advanced Disposal Services in a report on Thursday, November 30th. They set a “sector weight” rating for the company. Finally, Credit Suisse Group cut 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.

Advanced Disposal Services (NYSE:ADSW) traded down $0.04 on Tuesday, reaching $23.59. 438,009 shares of the company’s stock were exchanged, compared to its average volume of 360,217. Advanced Disposal Services has a 1 year low of $20.94 and a 1 year high of $25.71. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $2,099.01, a P/E ratio of -84.25, a P/E/G ratio of 3.04 and a beta of -0.70.

Advanced Disposal Services (NYSE:ADSW) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). The company had revenue of $392.70 million for 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 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. analysts forecast that Advanced Disposal Services will post 0.5 earnings per share for the current fiscal year.

In related news, insider Steven R. Carn sold 18,666 shares of Advanced Disposal Services stock in a transaction dated Tuesday, January 2nd. The stock was 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 directly owns 139,071 shares of the company’s stock, valued at $3,272,340.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Highstar Capital Lp sold 19,998,544 shares of Advanced Disposal Services stock in a transaction dated 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 20,054,542 shares of company stock valued at $436,697,322 over the last ninety days. 1.20% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its holdings in Advanced Disposal Services by 14.1% during the 2nd quarter. Legal & General Group Plc now owns 6,426 shares of the company’s stock worth $146,000 after purchasing an additional 795 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Advanced Disposal Services by 11.6% during the 2nd 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 last quarter. Legato Capital Management LLC raised its holdings in Advanced Disposal Services by 23.9% during the 3rd quarter. Legato Capital Management LLC now owns 15,110 shares of the company’s stock worth $381,000 after purchasing an additional 2,910 shares during the last quarter. SG Americas Securities LLC bought a new stake in Advanced Disposal Services during the 3rd quarter worth about $119,000. Finally, Rhumbline Advisers raised its holdings in Advanced Disposal Services by 25.4% during the 2nd quarter. Rhumbline Advisers now owns 28,292 shares of the company’s stock worth $643,000 after purchasing an additional 5,727 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Advanced Disposal Services (NYSE:ADSW)

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