Shares of Advanced Disposal (NYSE:ADSW) have received a consensus rating of “Hold” from the nine research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $26.60.
A number of research firms recently issued reports on ADSW. Credit Suisse Group reissued an “outperform” rating and issued a $26.00 price objective (down previously from $27.00) on shares of Advanced Disposal in a report on Monday, February 26th. Zacks Investment Research raised shares of Advanced Disposal from a “sell” rating to a “hold” rating in a report on Friday, April 6th. UBS reissued a “buy” rating and issued a $27.00 price objective (down previously from $29.00) on shares of Advanced Disposal in a report on Friday, February 23rd. Finally, ValuEngine raised shares of Advanced Disposal from a “sell” rating to a “hold” rating in a report on Thursday, May 3rd.
In other Advanced Disposal news, major shareholder Highstar Capital Lp sold 21,987,453 shares of the firm’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $22.43, for a total transaction of $493,178,570.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Steven R. Carn sold 18,666 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $21.92, for a total transaction of $409,158.72. Following the sale, the chief financial officer now owns 161,329 shares in the company, valued at approximately $3,536,331.68. The disclosure for this sale can be found here. In the last three months, insiders sold 22,036,966 shares of company stock worth $494,267,443. 0.94% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in Advanced Disposal by 5.0% during the 4th quarter. BlackRock Inc. now owns 2,767,180 shares of the company’s stock worth $66,246,000 after acquiring an additional 132,112 shares during the period. Three Peaks Capital Management LLC raised its stake in Advanced Disposal by 13.1% during the 4th quarter. Three Peaks Capital Management LLC now owns 521,920 shares of the company’s stock worth $12,495,000 after acquiring an additional 60,350 shares during the period. Retirement Systems of Alabama raised its stake in Advanced Disposal by 8.8% during the 4th quarter. Retirement Systems of Alabama now owns 112,925 shares of the company’s stock worth $2,703,000 after acquiring an additional 9,125 shares during the period. Goldman Sachs Group Inc. raised its stake in Advanced Disposal by 33.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,545,856 shares of the company’s stock worth $37,008,000 after acquiring an additional 386,571 shares during the period. Finally, Monarch Partners Asset Management LLC raised its stake in Advanced Disposal by 109.8% during the 4th quarter. Monarch Partners Asset Management LLC now owns 743,512 shares of the company’s stock worth $17,800,000 after acquiring an additional 389,049 shares during the period.
Shares of Advanced Disposal traded down $0.03, reaching $23.31, during trading on Monday, according to MarketBeat.com. 795,544 shares of the company traded hands, compared to its average volume of 761,310. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.10. The company has a market cap of $2.07 billion, a PE ratio of 49.60, a PEG ratio of 2.52 and a beta of 0.58. Advanced Disposal has a 52-week low of $21.50 and a 52-week high of $25.71.
Advanced Disposal (NYSE:ADSW) last announced its quarterly earnings results on Wednesday, May 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The firm had revenue of $364.70 million for the quarter, compared to the consensus estimate of $361.88 million. Advanced Disposal had a net margin of 3.11% and a return on equity of 5.40%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.04 EPS. equities research analysts anticipate that Advanced Disposal will post 0.6 EPS for the current fiscal year.
About Advanced Disposal
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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