Keybank National Association OH Acquires Shares of 7,862 Advanced Disposal Services Inc (ADSW)

Keybank National Association OH bought a new stake in shares of Advanced Disposal Services Inc (NYSE:ADSW) in the third quarter, HoldingsChannel.com reports. The firm bought 7,862 shares of the company’s stock, valued at approximately $213,000.

Several other large investors also recently modified their holdings of ADSW. BlackRock Inc. boosted its stake in shares of Advanced Disposal Services by 44.1% during the 2nd quarter. BlackRock Inc. now owns 4,394,756 shares of the company’s stock valued at $108,903,000 after buying an additional 1,345,162 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Advanced Disposal Services by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,555,920 shares of the company’s stock valued at $150,454,000 after buying an additional 643,481 shares during the period. Mesirow Financial Investment Management Equity Management acquired a new stake in shares of Advanced Disposal Services during the 2nd quarter valued at $14,802,000. Dimensional Fund Advisors LP boosted its stake in shares of Advanced Disposal Services by 251.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 723,588 shares of the company’s stock valued at $17,931,000 after buying an additional 517,965 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Advanced Disposal Services by 74.4% during the 2nd quarter. Millennium Management LLC now owns 1,070,212 shares of the company’s stock valued at $26,520,000 after buying an additional 456,484 shares during the period. 98.52% of the stock is owned by institutional investors.

ADSW stock opened at $26.95 on Friday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.71 and a quick ratio of 0.71. Advanced Disposal Services Inc has a 1 year low of $21.50 and a 1 year high of $27.93. The firm has a market capitalization of $2.39 billion, a P/E ratio of 46.47, a price-to-earnings-growth ratio of 3.51 and a beta of 0.42.

Advanced Disposal Services (NYSE:ADSW) last released its quarterly earnings data on Wednesday, October 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Advanced Disposal Services had a net margin of 3.16% and a return on equity of 5.71%. The business had revenue of $400.60 million during the quarter, compared to analyst estimates of $396.26 million. During the same period in the previous year, the firm posted $0.16 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities analysts forecast that Advanced Disposal Services Inc will post 0.58 earnings per share for the current year.

A number of brokerages have issued reports on ADSW. TheStreet raised shares of Advanced Disposal Services from a “d” rating to a “b-” rating in a research note on Wednesday, November 14th. Bank of America lowered shares of Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $27.00 price objective for the company. in a research note on Wednesday, October 24th. They noted that the move was a valuation call. Morgan Stanley initiated coverage on shares of Advanced Disposal Services in a research note on Friday, October 12th. They issued a “weight” rating and a $27.00 price objective for the company. Credit Suisse Group lifted their price objective on shares of Advanced Disposal Services from $26.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday, November 8th. Finally, Zacks Investment Research lowered shares of Advanced Disposal Services from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $28.14.

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Advanced Disposal Services Company Profile

Advanced Disposal Services, Inc provides non-hazardous solid waste collection, transfer, recycling, and disposal services. It is involved in the curbside collection of residential refuse from small carts or containers into collection vehicles for transport to a disposal/recycling site. The company also supplies commercial and industrial customers with waste containers; rents or sells compactors to large waste generators; and provides roll-off containers, as well as waste collection, transportation, and disposal services to construction and demolition sites.

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

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