Advanced Disposal Services (ADSW) Upgraded by Stifel Nicolaus to “Buy”

Stifel Nicolaus upgraded shares of Advanced Disposal Services (NYSE:ADSW) from a hold rating to a buy rating in a research report released on Monday morning. They currently have $28.00 target price on the stock, up from their previous target price of $26.00.

Several other analysts have also recently issued reports on the company. Zacks Investment Research raised Advanced Disposal Services from a sell rating to a hold rating in a research note on Tuesday, December 5th. KeyCorp began coverage on Advanced Disposal Services in a research note on Thursday, November 30th. They issued a sector weight rating on the stock. Credit Suisse Group cut their target price on Advanced Disposal Services from $28.00 to $27.00 and set an outperform rating on the stock in a research note on Friday, November 3rd. Finally, BidaskClub cut Advanced Disposal Services from a hold rating to a sell rating in a research note on Saturday, October 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. Advanced Disposal Services presently has an average rating of Hold and a consensus price target of $26.38.

Advanced Disposal Services (NYSE:ADSW) traded up $0.51 on Monday, hitting $23.03. The stock had a trading volume of 750,000 shares, compared to its average volume of 352,320. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $1,992.82, a P/E ratio of 40.21, a P/E/G ratio of 3.18 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.

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

In other news, CFO Steven R. Carn sold 18,666 shares of Advanced Disposal Services stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $23.07, for a total transaction of $430,624.62. Following the completion of the transaction, the chief financial officer now directly owns 157,737 shares in the company, valued at $3,638,992.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Highstar Capital Lp sold 19,998,544 shares of Advanced Disposal Services stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,054,542 shares of company stock worth $436,731,481. Insiders own 1.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its holdings in shares of Advanced Disposal Services by 14.1% during the second quarter. Legal & General Group Plc now owns 6,426 shares of the company’s stock valued at $146,000 after purchasing an additional 795 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Advanced Disposal Services by 11.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,030 shares of the company’s stock worth $478,000 after acquiring an additional 2,186 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in Advanced Disposal Services by 24.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 12,469 shares of the company’s stock worth $283,000 after acquiring an additional 2,469 shares during the last quarter. Legato Capital Management LLC raised its holdings in Advanced Disposal Services by 23.9% in the 3rd quarter. Legato Capital Management LLC now owns 15,110 shares of the company’s stock worth $381,000 after acquiring an additional 2,910 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in Advanced Disposal Services by 5.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 74,598 shares of the company’s stock worth $1,686,000 after acquiring an additional 3,933 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

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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.

Analyst Recommendations for Advanced Disposal Services (NYSE:ADSW)

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