Advanced Disposal Services Inc (ADSW) Holdings Boosted by Fairview Capital Investment Management LLC
Fairview Capital Investment Management LLC raised its position in shares of Advanced Disposal Services Inc (NASDAQ:ADSW) by 20.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,064,100 shares of the company’s stock after purchasing an additional 350,000 shares during the quarter. Advanced Disposal Services accounts for 3.1% of Fairview Capital Investment Management LLC’s investment portfolio, making the stock its 9th biggest holding. Fairview Capital Investment Management LLC owned about 2.34% of Advanced Disposal Services worth $46,917,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. Teachers Advisors LLC acquired a new stake in Advanced Disposal Services during the 4th quarter worth about $810,000. Nationwide Fund Advisors grew its stake in Advanced Disposal Services by 15.9% during the 1st quarter. Nationwide Fund Advisors now owns 13,109 shares of the company’s stock valued at $296,000 after acquiring an additional 1,795 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Advanced Disposal Services in the 1st quarter valued at about $1,674,000. Bank of New York Mellon Corp increased its holdings in shares of Advanced Disposal Services by 13.7% in the 1st quarter. Bank of New York Mellon Corp now owns 79,430 shares of the company’s stock valued at $1,796,000 after purchasing an additional 9,595 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of Advanced Disposal Services by 40.9% in the 1st quarter. Ameriprise Financial Inc. now owns 59,250 shares of the company’s stock valued at $1,339,000 after purchasing an additional 17,200 shares during the period.
A number of research firms have recently issued reports on ADSW. Zacks Investment Research raised shares of Advanced Disposal Services from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Friday, June 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $26.00 price objective on shares of Advanced Disposal Services in a research report on Friday, July 28th. Deutsche Bank AG boosted their price objective on shares of Advanced Disposal Services from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Barclays PLC lowered shares of Advanced Disposal Services from an “overweight” rating to an “equal weight” rating and set a $26.00 price objective on the stock. in a research note on Monday, August 7th. Finally, BidaskClub upgraded shares of Advanced Disposal Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. Advanced Disposal Services has an average rating of “Buy” and a consensus target price of $25.27.
Shares of Advanced Disposal Services Inc (ADSW) traded up 0.32% during midday trading on Monday, hitting $25.27. The company had a trading volume of 64,473 shares. The firm’s 50-day moving average is $24.62 and its 200-day moving average is $24.62. Advanced Disposal Services Inc has a 12-month low of $18.32 and a 12-month high of $25.44. The firm’s market capitalization is $2.23 billion.
Advanced Disposal Services (NASDAQ:ADSW) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Advanced Disposal Services had a negative return on equity of 0.10% and a negative net margin of 0.05%. The firm had revenue of $383.10 million during the quarter, compared to the consensus estimate of $372.78 million. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 EPS. On average, analysts predict that Advanced Disposal Services Inc will post $0.54 earnings per share for the current fiscal year.
In other news, insider Steven R. Carn sold 18,666 shares of Advanced Disposal Services stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $24.26, for a total value of $452,837.16. Following the sale, the insider now directly owns 232,401 shares in the company, valued at $5,638,048.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Advanced Disposal Services Company Profile
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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