Advanced Disposal Services Inc. (ADSW) Stake Raised by Wells Fargo & Company MN

Wells Fargo & Company MN increased its position in shares of Advanced Disposal Services Inc. (NYSE:ADSW) by 16.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 621,657 shares of the company’s stock after acquiring an additional 85,941 shares during the quarter. Wells Fargo & Company MN owned 0.70% of Advanced Disposal Services worth $15,659,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Advanced Disposal Services in the 3rd quarter valued at approximately $119,000. Legal & General Group Plc increased its stake in Advanced Disposal Services by 14.1% in the 2nd quarter. Legal & General Group Plc now owns 6,426 shares of the company’s stock valued at $146,000 after buying an additional 795 shares during the period. Parametric Portfolio Associates LLC acquired a new position in Advanced Disposal Services in the 2nd quarter valued at approximately $220,000. Voya Investment Management LLC acquired a new position in Advanced Disposal Services in the 2nd quarter valued at approximately $238,000. Finally, Teacher Retirement System of Texas increased its stake 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 valued at $283,000 after buying an additional 2,469 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Shares of Advanced Disposal Services Inc. (NYSE:ADSW) opened at $23.69 on Friday. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $2,083.97, a P/E ratio of 42.05, a price-to-earnings-growth ratio of 3.40 and a beta of -0.67. Advanced Disposal Services Inc. has a 1 year low of $20.94 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 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 business’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 earnings per share. sell-side analysts predict that Advanced Disposal Services Inc. will post 0.5 EPS for the current fiscal year.

Several research firms have weighed in on ADSW. Zacks Investment Research lowered shares of Advanced Disposal Services from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 6th. KeyCorp began coverage on shares of Advanced Disposal Services in a research note on Thursday, November 30th. They issued a “sector weight” rating on the stock. BidaskClub upgraded shares of Advanced Disposal Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Stifel Nicolaus upgraded shares of Advanced Disposal Services from a “hold” rating to a “buy” rating and upped their price objective for the company from $26.00 to $28.00 in a research note on Monday, December 11th. Finally, Credit Suisse Group dropped their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $26.38.

In other Advanced Disposal Services news, major shareholder Highstar Capital Lp sold 19,998,544 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $21.77, for a total value of $435,368,302.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Steven R. Carn sold 18,666 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $23.07, for a total transaction of $430,624.62. Following the completion of the sale, the chief financial officer now directly owns 157,737 shares of the company’s stock, valued at $3,638,992.59. The disclosure for this sale can be found here. Insiders sold 20,054,542 shares of company stock valued at $436,731,481 over the last three months. Insiders own 1.20% 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.

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Institutional Ownership by Quarter for Advanced Disposal Services (NYSE:ADSW)

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