Granahan Investment Management Inc. MA raised its stake in Advanced Disposal Services Inc (NYSE:ADSW) by 18.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,230 shares of the company’s stock after acquiring an additional 23,181 shares during the period. Granahan Investment Management Inc. MA owned approximately 0.17% of Advanced Disposal Services worth $3,772,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new position in Advanced Disposal Services in the 2nd quarter valued at $100,000. SG Americas Securities LLC acquired a new position in Advanced Disposal Services in the 1st quarter valued at $132,000. Dynamic Technology Lab Private Ltd acquired a new position in Advanced Disposal Services in the 1st quarter valued at $230,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Advanced Disposal Services in the 2nd quarter valued at $258,000. Finally, Verition Fund Management LLC acquired a new position in Advanced Disposal Services in the 1st quarter valued at $262,000. 96.60% of the stock is owned by hedge funds and other institutional investors.

Advanced Disposal Services stock opened at $27.09 on Tuesday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 2.04. Advanced Disposal Services Inc has a 52 week low of $21.50 and a 52 week high of $27.93. The firm has a market cap of $2.41 billion, a PE ratio of 57.64, a price-to-earnings-growth ratio of 3.05 and a beta of 0.61.

Advanced Disposal Services (NYSE:ADSW) last posted its quarterly earnings results on Wednesday, August 1st. The company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. Advanced Disposal Services had a return on equity of 5.68% and a net margin of 3.72%. The company had revenue of $398.10 million during the quarter, compared to analysts’ expectations of $390.72 million. During the same quarter in the previous year, the firm earned $0.16 EPS. Advanced Disposal Services’s revenue was up 3.9% on a year-over-year basis. research analysts forecast that Advanced Disposal Services Inc will post 0.6 EPS for the current year.

Separately, Zacks Investment Research cut Advanced Disposal Services from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Advanced Disposal Services has a consensus rating of “Hold” and an average price target of $27.25.

Advanced Disposal Services Profile

Advanced Disposal Services, Inc provides non-hazardous solid waste collection, transfer, recycling, and disposal services. It is involved in the curbside collection of residential refuse from small carts or containers into collection vehicles for transport to a disposal/recycling site. The company also supplies commercial and industrial customers with waste containers; rents or sells compactors to large waste generators; and provides roll-off containers, as well as waste collection, transportation, and disposal services to construction and demolition sites.

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Institutional Ownership by Quarter for Advanced Disposal Services (NYSE:ADSW)

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