Advanced Disposal Services Inc (NYSE:ADSW) Director Ernest J. Mrozek bought 750 shares of the stock in a transaction dated Friday, November 2nd. The shares were purchased at an average price of $25.01 per share, with a total value of $18,757.50. Following the completion of the transaction, the director now directly owns 8,263 shares in the company, valued at approximately $206,657.63. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of ADSW opened at $25.70 on Wednesday. The firm has a market capitalization of $2.24 billion, a P/E ratio of 54.68, a P/E/G ratio of 2.92 and a beta of 0.42. Advanced Disposal Services Inc has a 52-week low of $21.50 and a 52-week high of $27.93. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 2.02.
Advanced Disposal Services (NYSE:ADSW) last issued its quarterly earnings results on Wednesday, October 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The company had revenue of $400.60 million during the quarter, compared to the consensus estimate of $396.26 million. Advanced Disposal Services had a return on equity of 5.71% and a net margin of 3.16%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 earnings per share. On average, sell-side analysts anticipate that Advanced Disposal Services Inc will post 0.59 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new stake in Advanced Disposal Services in the second quarter worth $100,000. Bank of Montreal Can increased its stake in Advanced Disposal Services by 1,329.9% in the third quarter. Bank of Montreal Can now owns 7,364 shares of the company’s stock worth $199,000 after purchasing an additional 6,849 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Advanced Disposal Services in the first quarter worth $230,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Advanced Disposal Services in the second quarter worth $258,000. Finally, PEAK6 Investments L.P. purchased a new stake in Advanced Disposal Services in the second quarter worth $266,000. Institutional investors own 97.41% of the company’s stock.
A number of analysts recently issued reports on the company. Zacks Investment Research downgraded Advanced Disposal Services from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. First Analysis raised their price target on Advanced Disposal Services to $32.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, September 18th. Morgan Stanley assumed coverage on Advanced Disposal Services in a research report on Friday, October 12th. They issued a “weight” rating and a $27.00 price target for the company. Bank of America downgraded Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a research report on Wednesday, October 24th. They noted that the move was a valuation call. Finally, ValuEngine upgraded Advanced Disposal Services from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $27.71.
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Advanced Disposal Services 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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