Skylands Capital LLC Purchases New Stake in Advanced Disposal Services Inc (ADSW)
Skylands Capital LLC purchased a new position in shares of Advanced Disposal Services Inc (NYSE:ADSW) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 232,011 shares of the company’s stock, valued at approximately $5,554,000.
Several other hedge funds also recently added to or reduced their stakes in ADSW. Vanguard Group Inc. grew its position in shares of Advanced Disposal Services by 82.3% during 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 in the last quarter. Citigroup Inc. lifted its stake in Advanced Disposal Services by 1,567.1% during the second quarter. Citigroup Inc. now owns 714,095 shares of the company’s stock worth $16,231,000 after purchasing an additional 671,261 shares during the last quarter. Davidson Kempner Capital Management LP lifted its stake in Advanced Disposal Services by 117.0% during the second quarter. Davidson Kempner Capital Management LP now owns 1,025,000 shares of the company’s stock worth $23,298,000 after purchasing an additional 552,554 shares during the last quarter. Public Sector Pension investment Board bought a new position in Advanced Disposal Services during the second quarter worth $11,381,000. Finally, FMR LLC lifted its stake in Advanced Disposal Services by 33.1% during the second quarter. FMR LLC now owns 1,949,624 shares of the company’s stock worth $44,315,000 after purchasing an additional 485,048 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.
Advanced Disposal Services Inc (NYSE ADSW) traded up $0.09 during mid-day trading on Tuesday, reaching $24.17. The company’s stock had a trading volume of 865,300 shares, compared to its average volume of 487,856. 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 capitalization of $2,140.00 and a PE ratio of -86.32. Advanced Disposal Services Inc has a 12 month low of $20.94 and a 12 month high of $25.71.
Several brokerages recently issued reports on ADSW. Zacks Investment Research cut Advanced Disposal Services from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Stifel Nicolaus upgraded Advanced Disposal Services from a “hold” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $28.00 in a research note on Monday, December 11th. KeyCorp began coverage on Advanced Disposal Services in a research note on Thursday, November 30th. They set a “sector weight” rating on the stock. Credit Suisse Group reduced their price objective on 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. Finally, BidaskClub cut Advanced Disposal Services from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $26.38.
In other Advanced Disposal Services news, insider Steven R. Carn sold 18,666 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $23.53, for a total value of $439,210.98. Following the sale, the insider now directly owns 139,071 shares in the company, valued at $3,272,340.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Highstar Capital Lp sold 19,998,544 shares of the firm’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 disclosure for this sale can be found here. Insiders sold 20,054,542 shares of company stock worth $436,697,322 over the last quarter. 1.20% of the stock is currently owned by company insiders.
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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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