Zacks Investment Research lowered shares of Advanced Emissions Solutions (NASDAQ:ADES) from a strong-buy rating to a sell rating in a research note published on Tuesday, Zacks.com reports.

According to Zacks, “Advanced Emissions Solutions, Inc. develops, offers and implements environmental technologies, equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations. It operates in three principal business segments: Refined Coal, Emissions Control and CO2 capture. The company also offers dry sorbent injection systems to control SO2 and acid gases. It operates primarily in the United States along with its subsidiaries. Advanced Emissions Solutions, Inc. formerly known as ADA-ES, Inc., is based in Highlands Ranch, Colorado. “

Several other research firms have also recently weighed in on ADES. ValuEngine upgraded Advanced Emissions Solutions from a sell rating to a hold rating in a report on Wednesday, May 8th. HC Wainwright reiterated a buy rating on shares of Advanced Emissions Solutions in a report on Wednesday, March 20th.

NASDAQ:ADES opened at $11.58 on Tuesday. Advanced Emissions Solutions has a fifty-two week low of $9.01 and a fifty-two week high of $13.52. The company has a current ratio of 1.41, a quick ratio of 0.96 and a debt-to-equity ratio of 0.42. The stock has a market cap of $216.25 million, a PE ratio of 6.58 and a beta of 1.33.

Advanced Emissions Solutions (NASDAQ:ADES) last released its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.14. Advanced Emissions Solutions had a return on equity of 50.52% and a net margin of 107.16%. The business had revenue of $19.33 million for the quarter, compared to analysts’ expectations of $18.99 million. As a group, equities analysts expect that Advanced Emissions Solutions will post 3.39 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Monday, May 20th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.64%. The ex-dividend date of this dividend is Friday, May 17th. Advanced Emissions Solutions’s dividend payout ratio (DPR) is presently 56.82%.

Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in Advanced Emissions Solutions by 3.0% in the third quarter. Bank of New York Mellon Corp now owns 465,123 shares of the industrial products company’s stock worth $5,563,000 after buying an additional 13,730 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Advanced Emissions Solutions by 313.1% in the third quarter. Dimensional Fund Advisors LP now owns 73,577 shares of the industrial products company’s stock worth $880,000 after buying an additional 55,768 shares during the last quarter. Vanguard Group Inc increased its holdings in Advanced Emissions Solutions by 0.3% in the third quarter. Vanguard Group Inc now owns 936,501 shares of the industrial products company’s stock worth $11,200,000 after buying an additional 2,603 shares during the last quarter. Rhumbline Advisers increased its holdings in Advanced Emissions Solutions by 45.6% in the fourth quarter. Rhumbline Advisers now owns 24,072 shares of the industrial products company’s stock worth $254,000 after buying an additional 7,537 shares during the last quarter. Finally, Advisor Group Inc. increased its holdings in Advanced Emissions Solutions by 76.1% in the fourth quarter. Advisor Group Inc. now owns 4,801 shares of the industrial products company’s stock worth $51,000 after buying an additional 2,074 shares during the last quarter. Institutional investors and hedge funds own 72.40% of the company’s stock.

Advanced Emissions Solutions Company Profile

ADA-ES, Inc (ADA) develops, offers, and implements environmental technologies and provides equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations by enhancing existing air pollution control equipment. ADA’s wholly owned subsidiaries include Advanced Emissions Solutions, Inc, ADA Intellectual Property, LLC and ADA Environmental Solutions, LLC.

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