Advanced Disposal Services (ADSW) Rating Increased to Hold at Zacks Investment Research
Advanced Disposal Services (NYSE:ADSW) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Advanced Disposal Services, Inc. is a waste management company. It offers waste collection, transfer, recycling and disposal services for residential, commercial and industrial customers. The company serves primarily in United States. Advanced Disposal Services, Inc. is based in Ponte Vedra, FL. “
A number of other brokerages also recently commented on ADSW. Barclays downgraded shares of Advanced Disposal Services from an “overweight” rating to an “equal weight” rating and set a $26.00 target price for the company. in a research note on Monday, August 7th. Deutsche Bank boosted their target price on shares of Advanced Disposal Services from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. 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 downgraded shares of Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $26.00 target price for the company. in a research note on Wednesday, October 4th. Finally, Credit Suisse Group lowered their target price on shares of Advanced Disposal Services from $28.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Advanced Disposal Services has an average rating of “Hold” and a consensus target price of $26.13.
Shares of Advanced Disposal Services (NYSE:ADSW) opened at $22.70 on Tuesday. Advanced Disposal Services has a 12-month low of $19.23 and a 12-month high of $25.71. 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 firm has a market capitalization of $2,062.73, a price-to-earnings ratio of 41.63, a PEG ratio of 3.29 and a beta of -0.67.
Advanced Disposal Services (NYSE:ADSW) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Advanced Disposal Services had a positive return on equity of 5.84% and a negative net margin of 1.61%. The company had revenue of $392.70 million for the quarter, compared to analysts’ expectations of $383.11 million. During the same period in the prior year, the company posted $0.06 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. research analysts forecast that Advanced Disposal Services will post 0.51 EPS for the current fiscal year.
In other Advanced Disposal Services news, major shareholder Highstar Capital Lp sold 19,998,544 shares of the company’s stock in a transaction 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 is accessible through this link. Also, CFO Steven R. Carn sold 18,666 shares of the company’s stock in a transaction 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 owns 157,737 shares of the company’s stock, valued at approximately $3,638,992.59. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,054,542 shares of company stock valued at $436,731,481. Insiders own 1.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADSW. SG Americas Securities LLC acquired a new position in Advanced Disposal Services in the third quarter valued at $119,000. Legal & General Group Plc boosted its stake in Advanced Disposal Services by 14.1% in the second quarter. Legal & General Group Plc now owns 6,426 shares of the company’s stock valued at $146,000 after acquiring an additional 795 shares in the last quarter. Parametric Portfolio Associates LLC acquired a new position in Advanced Disposal Services in the second quarter valued at $220,000. Voya Investment Management LLC acquired a new position in Advanced Disposal Services in the second quarter valued at $238,000. Finally, Teacher Retirement System of Texas boosted 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 acquiring an additional 2,469 shares in the last quarter. 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.
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