Teachers Retirement System of The State of Kentucky acquired a new position in Advanced Disposal Services Inc (NASDAQ:ADSW) during the first quarter, according to its most recent filing with the SEC. The firm acquired 31,815 shares of the company’s stock, valued at approximately $719,000.
A number of other institutional investors have also recently modified their holdings of the company. FMR LLC purchased a new position in shares of Advanced Disposal Services during the fourth quarter worth approximately $28,897,000. Norges Bank purchased a new position in shares of Advanced Disposal Services during the fourth quarter worth approximately $23,599,000. Vanguard Group Inc. raised its position in shares of Advanced Disposal Services by 48.3% in the first quarter. Vanguard Group Inc. now owns 1,671,885 shares of the company’s stock worth $37,784,000 after buying an additional 544,257 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in shares of Advanced Disposal Services during the first quarter worth approximately $10,587,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of Advanced Disposal Services during the first quarter worth approximately $10,587,000.
Advanced Disposal Services Inc (NASDAQ:ADSW) traded down 1.21% during midday trading on Friday, reaching $22.94. 326,640 shares of the company traded hands. The firm’s 50 day moving average price is $23.30 and its 200 day moving average price is $22.98. The firm’s market capitalization is $2.03 billion. Advanced Disposal Services Inc has a 12 month low of $18.32 and a 12 month high of $24.82.
Advanced Disposal Services (NASDAQ:ADSW) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. The company 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 firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm earned $0.10 EPS. On average, analysts expect that Advanced Disposal Services Inc will post $0.57 earnings per share for the current year.
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ADSW has been the topic of a number of recent analyst reports. CIBC restated a “buy” rating on shares of Advanced Disposal Services in a research note on Friday, May 5th. Deutsche Bank AG upped their target price on shares of Advanced Disposal Services from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Monday, August 7th. Zacks Investment Research lowered shares of Advanced Disposal Services from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Advanced Disposal Services in a research note on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $25.27.
In related news, insider Steven R. Carn sold 18,666 shares of Advanced Disposal Services 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 completion of the transaction, the insider now directly owns 232,401 shares of the company’s stock, valued at approximately $5,638,048.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven R. Carn sold 55,000 shares of Advanced Disposal Services 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 of the company’s stock, valued at $6,222,740.31. The disclosure for this sale can be found here. Insiders have sold a total of 137,332 shares of company stock valued at $3,197,615 over the last ninety days.
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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