Stevens Capital Management LP acquired a new stake in Advanced Disposal Services Inc (NYSE:ADSW) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 185,931 shares of the company’s stock, valued at approximately $5,933,000. Stevens Capital Management LP owned approximately 0.21% of Advanced Disposal Services at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Advisors Asset Management Inc. increased its position in Advanced Disposal Services by 25.1% in the 1st quarter. Advisors Asset Management Inc. now owns 3,050 shares of the company’s stock valued at $85,000 after acquiring an additional 611 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Advanced Disposal Services by 43.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,157 shares of the company’s stock worth $52,000 after buying an additional 650 shares during the period. Legal & General Group Plc grew its position in shares of Advanced Disposal Services by 5.2% during the 4th quarter. Legal & General Group Plc now owns 28,840 shares of the company’s stock worth $690,000 after buying an additional 1,422 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Advanced Disposal Services by 52.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,464 shares of the company’s stock worth $174,000 after buying an additional 1,890 shares during the period. Finally, Menta Capital LLC grew its position in shares of Advanced Disposal Services by 12.1% during the 1st quarter. Menta Capital LLC now owns 21,365 shares of the company’s stock worth $598,000 after buying an additional 2,300 shares during the period. Hedge funds and other institutional investors own 97.99% of the company’s stock.
Several brokerages have recently commented on ADSW. Zacks Investment Research cut shares of Advanced Disposal Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Credit Suisse Group cut shares of Advanced Disposal Services from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $29.00 to $33.00 in a research report on Friday, May 17th. UBS Group cut shares of Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a research report on Wednesday, May 1st. They noted that the move was a valuation call. Deutsche Bank cut shares of Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a research report on Tuesday, April 23rd. Finally, Stifel Nicolaus cut shares of Advanced Disposal Services from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.25.
Advanced Disposal Services stock traded down $0.05 during midday trading on Wednesday, hitting $32.44. 18,158 shares of the stock were exchanged, compared to its average volume of 880,199. The firm has a fifty day moving average price of $32.32. Advanced Disposal Services Inc has a 52 week low of $22.05 and a 52 week high of $33.01. The stock has a market capitalization of $2.89 billion, a PE ratio of 56.00, a PEG ratio of 6.57 and a beta of 0.66. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.62 and a quick ratio of 0.62.
Advanced Disposal Services (NYSE:ADSW) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.08). Advanced Disposal Services had a positive return on equity of 4.08% and a negative net margin of 0.59%. The firm had revenue of $419.10 million for the quarter, compared to the consensus estimate of $413.26 million. During the same period in the previous year, the business earned $0.19 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. On average, research analysts forecast that Advanced Disposal Services Inc will post 0.5 EPS for the current fiscal year.
Advanced Disposal Services Company Profile
Advanced Disposal Services, Inc provides non-hazardous solid waste collection, transfer, recycling, and disposal services. The company is involved in the curbside collection of residential refuse from small carts or containers into collection vehicles for transport to a disposal/recycling site. It 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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