Advanced Disposal Services Inc (NASDAQ:ADSW) had its price objective lifted by Deutsche Bank AG from $25.00 to $26.00 in a research report report published on Monday, August 7th. Deutsche Bank AG currently has a buy rating on the stock.
ADSW has been the topic of several other reports. CIBC reaffirmed a buy rating on shares of Advanced Disposal Services in a report on Friday, May 5th. Oppenheimer Holdings, Inc. reissued a buy rating on shares of Advanced Disposal Services in a research note on Thursday, May 4th. Zacks Investment Research cut shares of Advanced Disposal Services from a buy rating to a hold rating in a research note on Monday, June 26th. Finally, ValuEngine raised shares of Advanced Disposal Services from a sell rating to a hold rating in a research note on Friday, May 19th. One 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 company’s stock. The company currently has a consensus rating of Buy and an average target price of $25.27.
Shares of Advanced Disposal Services (NASDAQ:ADSW) traded down 1.21% during mid-day trading on Monday, hitting $22.94. The stock had a trading volume of 326,640 shares. Advanced Disposal Services has a 12-month low of $18.32 and a 12-month high of $24.82. The stock’s 50-day moving average price is $23.30 and its 200-day moving average price is $22.98. The stock’s market capitalization is $2.03 billion.
Advanced Disposal Services (NASDAQ:ADSW) last announced its 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. Advanced Disposal Services had a negative net margin of 0.05% and a negative return on equity of 0.10%. The company had revenue of $383.10 million for the quarter, compared to analysts’ expectations of $372.78 million. During the same period last year, the firm earned $0.10 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities analysts anticipate that Advanced Disposal Services will post $0.57 EPS for the current fiscal year.
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In other news, insider Steven R. Carn sold 18,666 shares of Advanced Disposal Services stock in a transaction on 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 in the company, valued at $5,638,048.26. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Steven R. Carn sold 45,000 shares of Advanced Disposal Services stock in a transaction on Monday, June 12th. The stock was sold at an average price of $23.37, for a total transaction of $1,051,650.00. Following the transaction, the insider now owns 324,733 shares in the company, valued at approximately $7,589,010.21. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,332 shares of company stock worth $3,197,615.
Several institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. raised its position in shares of Advanced Disposal Services by 40.9% in the first quarter. Ameriprise Financial Inc. now owns 59,250 shares of the company’s stock worth $1,339,000 after buying an additional 17,200 shares during the period. Three Peaks Capital Management LLC raised its position in shares of Advanced Disposal Services by 75.4% in the first quarter. Three Peaks Capital Management LLC now owns 288,775 shares of the company’s stock worth $6,526,000 after buying an additional 124,143 shares during the period. Bank of New York Mellon Corp raised its position in shares of Advanced Disposal Services by 13.7% in the first quarter. Bank of New York Mellon Corp now owns 79,430 shares of the company’s stock worth $1,796,000 after buying an additional 9,595 shares during the period. American Century Companies Inc. raised its position in shares of Advanced Disposal Services by 3.5% in the first quarter. American Century Companies Inc. now owns 350,351 shares of the company’s stock worth $7,918,000 after buying an additional 11,926 shares during the period. Finally, First Trust Advisors LP acquired a new position in shares of Advanced Disposal Services during the first quarter worth approximately $1,674,000.
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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