Advanced Disposal Services (ADSW) Receives New Coverage from Analysts at KeyCorp

KeyCorp assumed coverage on shares of Advanced Disposal Services (NYSE:ADSW) in a research report sent to investors on Thursday morning, MarketBeat reports. The firm issued a sector weight rating on the stock.

ADSW has been the subject of a number of other research reports. Zacks Investment Research upgraded Advanced Disposal Services from a hold rating to a strong-buy rating and set a $29.00 target price for the company in a report on Wednesday, October 4th. BidaskClub lowered Advanced Disposal Services from a hold rating to a sell rating in a report on Saturday, October 21st. Deutsche Bank increased their price objective on Advanced Disposal Services from $25.00 to $26.00 and gave the stock a buy rating in a report on Monday, August 7th. Stifel Nicolaus lowered Advanced Disposal Services from a buy rating to a hold rating and set a $26.00 price objective for the company. in a report on Wednesday, October 4th. Finally, Credit Suisse Group cut their price objective on Advanced Disposal Services from $28.00 to $27.00 and set an outperform rating for the company in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $26.13.

Shares of Advanced Disposal Services (NYSE ADSW) opened at $23.04 on Thursday. The stock has a market capitalization of $2,038.84, a price-to-earnings ratio of 41.14, a PEG ratio of 3.26 and a beta of -0.67. Advanced Disposal Services has a 1-year low of $19.23 and a 1-year high of $25.71. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.25.

Advanced Disposal Services (NYSE:ADSW) last released its earnings results on Wednesday, November 1st. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). The business had revenue of $392.70 million during the quarter, compared to analysts’ expectations of $383.11 million. Advanced Disposal Services had a negative net margin of 1.61% and a positive return on equity of 5.84%. Advanced Disposal Services’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 EPS. sell-side analysts expect that Advanced Disposal Services will post 0.51 EPS for the current fiscal year.

In other Advanced Disposal Services news, major shareholder Highstar Capital Lp sold 19,998,544 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $21.77, for a total transaction of $435,368,302.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Steven R. Carn sold 18,666 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $24.60, for a total transaction of $459,183.60. Following the transaction, the insider now directly owns 176,403 shares in the company, valued at $4,339,513.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,035,876 shares of company stock valued at $436,300,856. 1.20% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of ADSW. SG Americas Securities LLC acquired a new position in Advanced Disposal Services during the third quarter worth $119,000. Legal & General Group Plc increased its position in Advanced Disposal Services by 14.1% during the second quarter. Legal & General Group Plc now owns 6,426 shares of the company’s stock worth $146,000 after buying an additional 795 shares during the last quarter. Parametric Portfolio Associates LLC acquired a new position in Advanced Disposal Services during the second quarter worth $220,000. Voya Investment Management LLC acquired a new position in Advanced Disposal Services during the second quarter worth $238,000. Finally, Teacher Retirement System of Texas increased its position in Advanced Disposal Services by 24.7% during the second quarter. Teacher Retirement System of Texas now owns 12,469 shares of the company’s stock worth $283,000 after buying an additional 2,469 shares during the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

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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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