Teachers Retirement System of The State of Kentucky bought a new stake in Advanced Disposal Services Inc (NASDAQ:ADSW) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 31,815 shares of the company’s stock, valued at approximately $719,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp purchased a new position in Advanced Disposal Services during the fourth quarter valued at $6,475,000. FMR LLC purchased a new position in Advanced Disposal Services during the fourth quarter valued at $28,897,000. Metropolitan Life Insurance Co. NY purchased a new position in Advanced Disposal Services during the fourth quarter valued at $477,000. Norges Bank purchased a new position in Advanced Disposal Services during the fourth quarter valued at $23,599,000. Finally, Teachers Advisors LLC purchased a new position in Advanced Disposal Services during the fourth quarter valued at $810,000.
Shares of Advanced Disposal Services Inc (NASDAQ:ADSW) opened at 22.95 on Friday. Advanced Disposal Services Inc has a 1-year low of $18.32 and a 1-year high of $24.82. The firm has a 50-day moving average of $23.28 and a 200-day moving average of $22.94. The firm’s market capitalization is $2.03 billion.
Advanced Disposal Services (NASDAQ:ADSW) last posted its earnings results on Wednesday, August 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $383.10 million during the quarter, compared to analysts’ expectations of $372.78 million. Advanced Disposal Services had a negative return on equity of 0.10% and a negative net margin of 0.05%. Advanced Disposal Services’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 EPS. On average, equities research analysts anticipate that Advanced Disposal Services Inc will post $0.57 EPS for the current fiscal year.
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Several research analysts have recently weighed in on ADSW shares. Zacks Investment Research downgraded shares of Advanced Disposal Services from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Advanced Disposal Services in a research report on Thursday, May 4th. CIBC reaffirmed a “buy” rating on shares of Advanced Disposal Services in a research report on Friday, May 5th. Finally, ValuEngine raised shares of Advanced Disposal Services from a “sell” rating to a “hold” rating in a research report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $25.27.
In other news, insider Steven R. Carn sold 55,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 369,733 shares of the company’s stock, valued at approximately $8,086,060.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven R. Carn sold 18,666 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $22.73, for a total transaction of $424,278.18. Following the transaction, the chief financial officer now directly owns 251,067 shares of the company’s stock, valued at $5,706,752.91. The disclosure for this sale can be found here. Insiders have sold a total of 192,332 shares of company stock valued at $4,400,465 over the last ninety days.
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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