Advanced Emissions Solutions, Inc. (NASDAQ:ADES) has been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $18.67.
Several equities analysts have recently commented on ADES shares. HC Wainwright reaffirmed a “buy” rating and issued a $18.00 target price on shares of Advanced Emissions Solutions in a research report on Wednesday, November 8th. Zacks Investment Research downgraded Advanced Emissions Solutions from a “hold” rating to a “strong sell” rating in a research report on Friday, November 10th. Finally, ValuEngine downgraded Advanced Emissions Solutions from a “buy” rating to a “hold” rating in a research report on Monday, November 27th.
Advanced Emissions Solutions (NASDAQ:ADES) traded down $0.23 during trading on Wednesday, hitting $7.69. The stock had a trading volume of 239,711 shares, compared to its average volume of 149,560. Advanced Emissions Solutions has a 52 week low of $7.00 and a 52 week high of $12.25. The firm has a market capitalization of $167.03, a P/E ratio of 1.78 and a beta of 2.11.
Advanced Emissions Solutions (NASDAQ:ADES) last posted its earnings results on Monday, November 6th. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $2.29 million during the quarter, compared to analyst estimates of $8.30 million. equities analysts anticipate that Advanced Emissions Solutions will post 1.29 EPS for the current fiscal year.
Advanced Emissions Solutions declared that its board has approved a stock repurchase plan on Monday, December 4th that permits the company to repurchase $10.00 million in outstanding shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
In related news, Director Alan Bradley Gabbard sold 10,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $8.17, for a total transaction of $81,700.00. Following the sale, the director now owns 34,480 shares of the company’s stock, valued at $281,701.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Fundamental Advisers Sp L. Alta purchased 262,266 shares of Advanced Emissions Solutions stock in a transaction that occurred on Thursday, December 14th. The shares were bought at an average cost of $9.89 per share, for a total transaction 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.
Large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its position in Advanced Emissions Solutions by 13,343.1% during the second quarter. The Manufacturers Life Insurance Company now owns 17,476 shares of the industrial products company’s stock worth $160,000 after buying an additional 17,346 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in Advanced Emissions Solutions during the second quarter worth approximately $205,000. Dimensional Fund Advisors LP acquired a new stake in Advanced Emissions Solutions during the third quarter worth approximately $206,000. Rhumbline Advisers acquired a new stake in Advanced Emissions Solutions during the second quarter worth approximately $211,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Advanced Emissions Solutions during the third quarter worth approximately $244,000. 69.19% of the stock is currently 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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