6.6% Stake of Advanced Disposal Services Inc (ADSW) Maintained by Fmr LLC
recently stated that they own 6.6% of Advanced Disposal Services Inc (NYSE:ADSW) in a Schedule 13G disclosure that was filed with the Securities and Exchange Commission (SEC) on Tuesday, February 13th. The investor owns 5,846,621 shares of the stock worth approximately $133,946,087. The disclosure is available through EDGAR at this link.
Several brokerages have recently commented on ADSW. BidaskClub downgraded shares of Advanced Disposal Services from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. Zacks Investment Research upgraded shares of Advanced Disposal Services from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th. Credit Suisse Group cut their price objective on shares of Advanced Disposal Services from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. Stifel Nicolaus upgraded shares of Advanced Disposal Services from a “hold” rating to a “buy” rating and raised their price objective for the company from $26.00 to $28.00 in a research report on Monday, December 11th. Finally, KeyCorp began coverage on shares of Advanced Disposal Services in a research report on Thursday, November 30th. They issued a “sector weight” rating for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. Advanced Disposal Services has an average rating of “Hold” and an average target price of $26.38.
Advanced Disposal Services Inc (ADSW) traded up $0.06 during mid-day trading on Tuesday, hitting $22.91. 49,938 shares of the stock were exchanged, compared to its average volume of 345,606. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.63 and a quick ratio of 0.63. Advanced Disposal Services Inc has a one year low of $20.94 and a one year high of $25.71. The company has a market capitalization of $2,053.88, a price-to-earnings ratio of -81.60, a P/E/G ratio of 2.83 and a beta of -0.35.
In related news, major shareholder Highstar Capital Lp sold 19,998,544 shares of the firm’s stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Steven R. Carn sold 18,666 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $24.05, for a total transaction of $448,917.30. Following the completion of the sale, the insider now directly owns 120,405 shares in the company, valued at $2,895,740.25. The disclosure for this sale can be found here. Insiders sold 20,054,542 shares of company stock valued at $436,687,056 over the last 90 days. 1.20% of the stock is 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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