Advanced Disposal Services Inc (NYSE:ADSW) Director Ernest J. Mrozek bought 1,500 shares of the firm’s stock in a transaction on Thursday, March 8th. The shares were acquired at an average cost of $22.63 per share, with a total value of $33,945.00. Following the purchase, the director now directly owns 5,263 shares of the company’s stock, valued at approximately $119,101.69. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Advanced Disposal Services Inc (ADSW) traded up $0.02 on Friday, hitting $22.73. 2,898,226 shares of the company traded hands, compared to its average volume of 269,949. The company has a market capitalization of $2,011.79, a P/E ratio of 52.86, a P/E/G ratio of 2.64 and a beta of 0.64. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.13. Advanced Disposal Services Inc has a 12 month low of $20.94 and a 12 month high of $25.71.
Advanced Disposal Services (NYSE:ADSW) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). The firm had revenue of $384.40 million for the quarter, compared to the consensus estimate of $374.30 million. Advanced Disposal Services had a net margin of 2.54% and a return on equity of 5.03%. Advanced Disposal Services’s revenue was up 9.2% on a year-over-year basis. During the same period last year, the business earned $0.20 EPS. equities analysts predict that Advanced Disposal Services Inc will post 0.56 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on ADSW shares. KeyCorp started coverage on shares of Advanced Disposal Services in a research note on Thursday, November 30th. They set a “sector weight” rating for the company. Zacks Investment Research raised shares of Advanced Disposal Services from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Stifel Nicolaus raised shares of Advanced Disposal Services from a “hold” rating to a “buy” rating and raised their target price for the company from $26.00 to $28.00 in a research note on Monday, December 11th. UBS Group reaffirmed a “buy” rating and set a $27.00 target price (down previously from $29.00) on shares of Advanced Disposal Services in a research note on Friday, February 23rd. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $26.00 target price (down previously from $27.00) on shares of Advanced Disposal Services in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $26.50.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Jennison Associates LLC increased its position in shares of Advanced Disposal Services by 1.2% during the third quarter. Jennison Associates LLC now owns 2,529,995 shares of the company’s stock valued at $63,731,000 after acquiring an additional 28,767 shares in the last quarter. Magnetar Financial LLC bought a new stake in shares of Advanced Disposal Services during the third quarter valued at approximately $439,000. Three Peaks Capital Management LLC increased its position in shares of Advanced Disposal Services by 13.1% during the fourth quarter. Three Peaks Capital Management LLC now owns 521,920 shares of the company’s stock valued at $12,495,000 after acquiring an additional 60,350 shares in the last quarter. Northern Trust Corp increased its position in shares of Advanced Disposal Services by 22.5% during the second quarter. Northern Trust Corp now owns 313,086 shares of the company’s stock valued at $7,116,000 after acquiring an additional 57,412 shares in the last quarter. Finally, Retirement Systems of Alabama increased its position in shares of Advanced Disposal Services by 8.8% during the fourth quarter. Retirement Systems of Alabama now owns 112,925 shares of the company’s stock valued at $2,703,000 after acquiring an additional 9,125 shares in the last quarter. 97.35% of the stock is owned by institutional investors.
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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.
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