Alliancebernstein L.P. lowered its stake in Advanced Disposal (NYSE:ADSW) by 49.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,335,311 shares of the company’s stock after selling 1,286,873 shares during the quarter. Alliancebernstein L.P. owned approximately 1.51% of Advanced Disposal worth $31,967,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the stock. Bogle Investment Management L P DE lifted its stake in shares of Advanced Disposal by 6.2% during the 4th quarter. Bogle Investment Management L P DE now owns 50,143 shares of the company’s stock worth $1,200,000 after purchasing an additional 2,946 shares during the period. Geode Capital Management LLC lifted its stake in shares of Advanced Disposal by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 369,073 shares of the company’s stock worth $8,835,000 after purchasing an additional 11,937 shares during the period. Fairview Capital Investment Management LLC lifted its stake in shares of Advanced Disposal by 12.1% during the 4th quarter. Fairview Capital Investment Management LLC now owns 2,314,100 shares of the company’s stock worth $55,400,000 after purchasing an additional 250,000 shares during the period. Martingale Asset Management L P lifted its stake in shares of Advanced Disposal by 10.7% during the 4th quarter. Martingale Asset Management L P now owns 129,813 shares of the company’s stock worth $3,108,000 after purchasing an additional 12,500 shares during the period. Finally, OppenheimerFunds Inc. lifted its stake in shares of Advanced Disposal by 3.6% during the 4th quarter. OppenheimerFunds Inc. now owns 751,879 shares of the company’s stock worth $17,999,000 after purchasing an additional 26,068 shares during the period.
Shares of ADSW stock traded down $0.36 on Friday, reaching $22.33. 388,232 shares of the stock were exchanged, compared to its average volume of 677,275. Advanced Disposal has a 1-year low of $20.94 and a 1-year high of $25.71. The company has a market cap of $1,976.38, a price-to-earnings ratio of 47.51, a PEG ratio of 2.59 and a beta of 0.57. 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 (NYSE:ADSW) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01). Advanced Disposal had a net margin of 2.54% and a return on equity of 5.03%. The company had revenue of $384.40 million during the quarter, compared to analyst estimates of $374.30 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. analysts expect that Advanced Disposal will post 0.56 earnings per share for the current fiscal year.
A number of research analysts have weighed in on the company. Credit Suisse Group reissued an “outperform” rating and set a $26.00 price target (down previously from $27.00) on shares of Advanced Disposal in a research note on Monday, February 26th. Zacks Investment Research upgraded Advanced Disposal from a “sell” rating to a “hold” rating in a report on Friday. UBS restated a “buy” rating and set a $27.00 price objective (down from $29.00) on shares of Advanced Disposal in a report on Friday, February 23rd. Finally, Stifel Nicolaus upgraded Advanced Disposal from a “hold” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $28.00 in a report on Monday, December 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Advanced Disposal presently has an average rating of “Buy” and a consensus target price of $26.50.
In other news, insider Steven R. Carn sold 18,666 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $24.05, for a total transaction of $448,917.30. Following the completion of the sale, the insider now directly owns 120,405 shares in the company, valued at $2,895,740.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ernest J. Mrozek bought 1,500 shares of the stock in a transaction dated Thursday, March 8th. The shares were acquired at an average price of $22.63 per share, with a total value of $33,945.00. Following the completion of the purchase, the director now directly owns 5,263 shares of the company’s stock, valued at $119,101.69. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 52,752 shares of company stock valued at $1,199,166. 1.20% of the stock is owned by insiders.
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Advanced Disposal Company Profile
Advanced Disposal Services, Inc provides non-hazardous solid waste collection, transfer, recycling, and disposal services. It is involved in the curbside collection of residential refuse from small carts or containers into collection vehicles for transport to a disposal/recycling site. The company also supplies commercial and industrial customers with waste containers; rents or sells compactors to large waste generators; and provides roll-off containers, as well as waste collection, transportation, and disposal services to construction and demolition sites.
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