Shares of Advanced Disposal Services Inc (NASDAQ:ADSW) have received an average recommendation of “Buy” from the thirteen brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $25.11.

ADSW has been the subject of several recent research reports. CIBC reissued a “buy” rating on shares of Advanced Disposal Services in a research report on Friday, May 5th. Deutsche Bank AG lifted their price objective on Advanced Disposal Services from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Advanced Disposal Services in a research report on Thursday, May 4th. Finally, Zacks Investment Research downgraded Advanced Disposal Services from a “hold” rating to a “sell” rating in a research report on Tuesday.

Shares of Advanced Disposal Services (ADSW) traded down 0.22% during mid-day trading on Friday, hitting $22.95. The company had a trading volume of 326,249 shares. The firm has a 50-day moving average price of $23.28 and a 200 day moving average price of $22.94. Advanced Disposal Services has a 12 month low of $18.32 and a 12 month high of $24.82. The firm’s market capitalization is $2.03 billion.

Advanced Disposal Services (NASDAQ:ADSW) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.04. The company had revenue of $383.10 million during the quarter, compared to the consensus estimate of $372.78 million. Advanced Disposal Services had a negative return on equity of 0.10% and a negative net margin of 0.05%. Advanced Disposal Services’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 earnings per share. On average, equities research analysts forecast that Advanced Disposal Services will post $0.57 earnings per share for the current fiscal year.

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In related news, insider Steven R. Carn sold 55,000 shares of Advanced Disposal Services stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $21.87, for a total value of $1,202,850.00. Following the transaction, the insider now owns 369,733 shares in the company, valued at $8,086,060.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven R. Carn sold 45,000 shares of Advanced Disposal Services stock in a transaction on Monday, June 12th. The shares were sold at an average price of $23.37, for a total value of $1,051,650.00. Following the completion of the transaction, the insider now owns 324,733 shares in the company, valued at approximately $7,589,010.21. The disclosure for this sale can be found here. Insiders sold 192,332 shares of company stock worth $4,400,465 in the last quarter.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Advanced Disposal Services by 82.3% in the second quarter. Vanguard Group Inc. now owns 3,048,467 shares of the company’s stock worth $69,291,000 after buying an additional 1,376,582 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Advanced Disposal Services by 83.8% in the second quarter. Alliancebernstein L.P. now owns 2,700,487 shares of the company’s stock worth $61,382,000 after buying an additional 1,231,117 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Advanced Disposal Services by 45.3% in the second quarter. Jennison Associates LLC now owns 2,501,228 shares of the company’s stock worth $56,853,000 after buying an additional 779,413 shares during the last quarter. FMR LLC boosted its position in shares of Advanced Disposal Services by 33.1% in the second quarter. FMR LLC now owns 1,949,624 shares of the company’s stock worth $44,315,000 after buying an additional 485,048 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Advanced Disposal Services by 100.9% in the second quarter. JPMorgan Chase & Co. now owns 1,894,682 shares of the company’s stock worth $43,067,000 after buying an additional 951,589 shares during the last quarter.

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 (NASDAQ:ADSW)

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