Schwab Charles Investment Management Inc. boosted its holdings in Advanced Disposal Services Inc (NYSE:ADSW) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 211,495 shares of the company’s stock after acquiring an additional 15,210 shares during the period. Schwab Charles Investment Management Inc. owned about 0.24% of Advanced Disposal Services worth $5,064,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC bought a new position in Advanced Disposal Services in the third quarter worth about $119,000. Parametric Portfolio Associates LLC bought a new stake in shares of Advanced Disposal Services during the second quarter valued at approximately $220,000. Voya Investment Management LLC bought a new stake in shares of Advanced Disposal Services during the second quarter valued at approximately $238,000. Legal & General Group Plc raised its holdings in shares of Advanced Disposal Services by 60.2% during the third quarter. Legal & General Group Plc now owns 10,296 shares of the company’s stock valued at $259,000 after buying an additional 3,870 shares during the last quarter. Finally, Convergence Investment Partners LLC bought a new stake in shares of Advanced Disposal Services during the third quarter valued at approximately $349,000.
In related news, insider Steven R. Carn sold 18,666 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $23.53, for a total transaction of $439,210.98. Following the sale, the insider now owns 139,071 shares of the company’s stock, valued at $3,272,340.63. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ernest J. Mrozek bought 1,500 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The shares were purchased at an average cost of $22.63 per share, for a total transaction of $33,945.00. Following the acquisition, the director now owns 5,263 shares of the company’s stock, valued at $119,101.69. The disclosure for this purchase can be found here. In the last three months, insiders have sold 55,998 shares of company stock worth $1,297,287. 1.20% of the stock is owned by corporate insiders.
ADSW has been the topic of a number of recent analyst reports. Zacks Investment Research raised Advanced Disposal Services from a “sell” rating to a “hold” rating in a report on Thursday, January 18th. Stifel Nicolaus raised Advanced Disposal Services from a “hold” rating to a “buy” rating and lifted their price target for the company from $26.00 to $28.00 in a report on Monday, December 11th. UBS Group reaffirmed a “buy” rating and set a $27.00 price target (down previously from $29.00) on shares of Advanced Disposal Services in a report on Friday, February 23rd. Credit Suisse Group reaffirmed an “outperform” rating and set a $26.00 price target (down previously from $27.00) on shares of Advanced Disposal Services in a report on Monday, February 26th. Finally, KeyCorp initiated coverage on Advanced Disposal Services in a report on Thursday, November 30th. They set a “sector weight” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $26.50.
Shares of Advanced Disposal Services Inc (ADSW) opened at $22.41 on Thursday. Advanced Disposal Services Inc has a twelve month low of $20.94 and a twelve month high of $25.71. The company has a market capitalization of $1,987.02, a P/E ratio of 52.12, a P/E/G ratio of 2.61 and a beta of 0.64. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.13.
Advanced Disposal Services (NYSE:ADSW) last announced its earnings results on Thursday, February 22nd. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). Advanced Disposal Services had a return on equity of 5.03% and a net margin of 2.54%. The firm had revenue of $384.40 million for the quarter, compared to the consensus estimate of $374.30 million. During the same period in the previous year, the firm earned $0.20 EPS. Advanced Disposal Services’s revenue for the quarter was up 9.2% on a year-over-year basis. analysts expect that Advanced Disposal Services Inc will post 0.56 EPS for the current year.
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Advanced Disposal Services 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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