Advanced Disposal Services Inc (NASDAQ:ADSW) Cut to Hold at Zacks Investment Research
Advanced Disposal Services Inc (NASDAQ:ADSW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday, July 10th.
According to Zacks, “Advanced Disposal Services, Inc. is a waste management company. It offers waste collection, transfer, recycling and disposal services for residential, commercial and industrial customers. The company serves primarily in United States. Advanced Disposal Services, Inc. is based in Ponte Vedra, FL. “
Other equities analysts also recently issued research reports about the stock. ValuEngine upgraded shares of Advanced Disposal Services from a “sell” rating to a “hold” rating in a research note on Friday, May 19th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Advanced Disposal Services in a research note on Thursday, May 4th. Finally, CIBC reiterated a “buy” rating on shares of Advanced Disposal Services in a research note on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $25.27.
Shares of Advanced Disposal Services (NASDAQ:ADSW) traded up 2.84% during mid-day trading on Monday, reaching $23.50. The company’s stock had a trading volume of 369,085 shares. Advanced Disposal Services has a one year low of $18.32 and a one year high of $24.82. The stock’s market cap is $2.08 billion. The stock has a 50 day moving average of $23.32 and a 200-day moving average of $22.89.
Advanced Disposal Services (NASDAQ:ADSW) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The business had revenue of $383.10 million during the quarter, compared to the consensus estimate of $372.78 million. Advanced Disposal Services had a negative net margin of 0.05% and a negative return on equity of 0.10%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 earnings per share. On average, equities research analysts expect that Advanced Disposal Services will post $0.52 EPS for the current fiscal year.
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In other Advanced Disposal Services news, insider Steven R. Carn sold 45,000 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $23.37, for a total value of $1,051,650.00. Following the completion of the transaction, the insider now owns 324,733 shares in the company, valued at $7,589,010.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven R. Carn sold 55,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $21.87, for a total transaction of $1,202,850.00. Following the completion of the transaction, the insider now owns 369,733 shares of the company’s stock, valued at approximately $8,086,060.71. The disclosure for this sale can be found here. Insiders sold 192,332 shares of company stock valued at $4,400,465 in the last 90 days.
A number of institutional investors have recently added to or reduced their stakes in the stock. Jennison Associates LLC increased its position in Advanced Disposal Services by 45.3% in the second quarter. Jennison Associates LLC now owns 2,501,228 shares of the company’s stock valued at $56,853,000 after buying an additional 779,413 shares in the last quarter. Vanguard Group Inc. increased its position in Advanced Disposal Services by 48.3% in the first quarter. Vanguard Group Inc. now owns 1,671,885 shares of the company’s stock valued at $37,784,000 after buying an additional 544,257 shares in the last quarter. FMR LLC increased its position in Advanced Disposal Services by 12.6% in the first quarter. FMR LLC now owns 1,464,576 shares of the company’s stock valued at $33,099,000 after buying an additional 164,050 shares in the last quarter. Norges Bank bought a new position in Advanced Disposal Services during the fourth quarter valued at about $23,599,000. Finally, Victory Capital Management Inc. increased its position in Advanced Disposal Services by 58.3% in the second quarter. Victory Capital Management Inc. now owns 955,703 shares of the company’s stock valued at $21,723,000 after buying an additional 352,120 shares in the last quarter.
About Advanced Disposal Services
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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