Barclays PLC lowered shares of Advanced Disposal Services Inc (NASDAQ:ADSW) from an overweight rating to an equal weight rating in a report released on Monday, August 7th, Marketbeat Ratings reports. Barclays PLC currently has $26.00 price target on the stock.
A number of other brokerages have also recently weighed in on ADSW. Stifel Nicolaus reissued a buy rating and set a $26.00 price objective on shares of Advanced Disposal Services in a research note on Friday, July 28th. Zacks Investment Research cut shares of Advanced Disposal Services from a buy rating to a hold rating in a research note on Thursday, June 8th. Oppenheimer Holdings, Inc. reiterated a buy rating on shares of Advanced Disposal Services in a report on Thursday, May 4th. Finally, CIBC reiterated a buy rating on shares of Advanced Disposal Services in a report on Friday, May 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. Advanced Disposal Services currently has an average rating of Buy and an average target price of $25.27.
Advanced Disposal Services (NASDAQ ADSW) traded down 1.21% during midday trading on Monday, hitting $22.94. The company had a trading volume of 326,640 shares. Advanced Disposal Services has a 52 week low of $18.32 and a 52 week high of $24.82. The stock has a 50 day moving average price of $23.30 and a 200 day moving average price of $22.98. The company’s market capitalization is $2.03 billion.
Advanced Disposal Services (NASDAQ:ADSW) last issued its earnings results on Wednesday, August 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.04. Advanced Disposal Services had a negative net margin of 0.05% and a negative return on equity of 0.10%. The company had revenue of $383.10 million during the quarter, compared to analysts’ expectations of $372.78 million. During the same period last year, the company posted $0.10 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities analysts forecast that Advanced Disposal Services will post $0.57 earnings per share for the current fiscal year.
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In other Advanced Disposal Services news, insider Steven R. Carn sold 55,000 shares of the business’s 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 completion of the transaction, the insider now directly owns 269,733 shares of the company’s stock, valued at approximately $6,222,740.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven R. Carn sold 18,666 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $22.73, for a total transaction of $424,278.18. Following the transaction, the chief financial officer now directly owns 251,067 shares of the company’s stock, valued at $5,706,752.91. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,332 shares of company stock valued at $3,197,615.
Several hedge funds have recently modified their holdings of ADSW. Legal & General Group Plc raised its stake in shares of Advanced Disposal Services by 14.1% in 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 in the last quarter. Nationwide Fund Advisors raised its stake in Advanced Disposal Services by 15.9% in the first quarter. Nationwide Fund Advisors now owns 13,109 shares of the company’s stock valued at $296,000 after buying an additional 1,795 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Advanced Disposal Services by 11.6% in the second quarter. The Manufacturers Life Insurance Company now owns 21,030 shares of the company’s stock valued at $478,000 after buying an additional 2,186 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Advanced Disposal Services by 24.7% in the second 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 in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Advanced Disposal Services by 5.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 74,598 shares of the company’s stock valued at $1,686,000 after buying an additional 3,933 shares in the last quarter.
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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