Wellington Management Group LLP Sells 448,147 Shares of Advanced Disposal Services Inc (ADSW)
Wellington Management Group LLP reduced its stake in shares of Advanced Disposal Services Inc (NASDAQ:ADSW) by 93.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,815 shares of the company’s stock after selling 448,147 shares during the period. Wellington Management Group LLP’s holdings in Advanced Disposal Services were worth $719,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Stevens Capital Management LP purchased a new position in Advanced Disposal Services during the first quarter valued at about $228,000. American International Group Inc. bought a new stake in shares of Advanced Disposal Services during the first quarter valued at $288,000. Nationwide Fund Advisors increased its stake in shares of Advanced Disposal Services by 15.9% in the first quarter. Nationwide Fund Advisors now owns 13,109 shares of the company’s stock valued at $296,000 after buying an additional 1,795 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new stake in shares of Advanced Disposal Services during the first quarter valued at $345,000. Finally, Neuberger Berman Group LLC bought a new stake in shares of Advanced Disposal Services during the first quarter valued at $452,000.
Shares of Advanced Disposal Services Inc (NASDAQ:ADSW) traded down 1.21% on Friday, reaching $22.94. 326,640 shares of the company were exchanged. Advanced Disposal Services Inc has a 52-week low of $18.32 and a 52-week high of $24.82. The stock has a 50 day moving average of $23.30 and a 200-day moving average of $22.98. The company’s market capitalization is $2.03 billion.
Advanced Disposal Services (NASDAQ:ADSW) last released its earnings results on Wednesday, August 2nd. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.04. The firm had revenue of $383.10 million for the quarter, compared to analysts’ expectations of $372.78 million. Advanced Disposal Services had a negative net margin of 0.05% and a negative return on equity of 0.10%. Advanced Disposal Services’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.10 EPS. On average, analysts predict that Advanced Disposal Services Inc will post $0.57 EPS for the current fiscal year.
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Several equities research analysts have weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $26.00 price target on shares of Advanced Disposal Services in a research report on Friday, July 28th. Barclays PLC downgraded Advanced Disposal Services from an “overweight” rating to an “equal weight” rating and set a $26.00 price target on the stock. in a research report on Monday, August 7th. Deutsche Bank AG increased their price target on Advanced Disposal Services from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. Zacks Investment Research downgraded Advanced Disposal Services from a “buy” rating to a “hold” rating in a research report on Thursday, June 8th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Advanced Disposal Services in a research note on Thursday, May 4th. One 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 has an average rating of “Buy” and a consensus target price of $25.27.
In other Advanced Disposal Services news, insider Steven R. Carn sold 18,666 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $24.26, for a total transaction of $452,837.16. Following the transaction, the insider now owns 232,401 shares of the company’s stock, valued at approximately $5,638,048.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven R. Carn sold 55,000 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $23.07, for a total transaction of $1,268,850.00. Following the transaction, the insider now directly owns 269,733 shares in the company, valued at approximately $6,222,740.31. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,332 shares of company stock worth $3,197,615.
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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