Zacks Investment Research upgraded shares of Advanced Disposal Services (NYSE:ADSW) from a hold rating to a buy rating in a research report released on Monday morning, Zacks.com reports. They currently have $37.00 target price on the stock.

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. “

Shares of ADSW stock opened at $33.04 on Monday. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of -3,304.00, a PEG ratio of 5.96 and a beta of 0.63. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.61. The company has a 50-day simple moving average of $32.94 and a 200 day simple moving average of $32.73. Advanced Disposal Services has a 52 week low of $25.88 and a 52 week high of $33.04.

In related news, VP Michael K. Slattery sold 126,904 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $32.87, for a total value of $4,171,334.48. Following the completion of the sale, the vice president now directly owns 190,317 shares in the company, valued at $6,255,719.79. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.00% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ADSW. Amalgamated Bank boosted its position in shares of Advanced Disposal Services by 5.7% during the 4th quarter. Amalgamated Bank now owns 13,440 shares of the company’s stock worth $442,000 after acquiring an additional 719 shares in the last quarter. Stevens Capital Management LP lifted its stake in Advanced Disposal Services by 0.4% during the fourth quarter. Stevens Capital Management LP now owns 186,724 shares of the company’s stock worth $6,138,000 after purchasing an additional 793 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Advanced Disposal Services by 7.5% in the 4th quarter. Victory Capital Management Inc. now owns 12,040 shares of the company’s stock valued at $397,000 after purchasing an additional 838 shares in the last quarter. Aigen Investment Management LP acquired a new stake in shares of Advanced Disposal Services in the 4th quarter valued at $29,000. Finally, California State Teachers Retirement System increased its stake in shares of Advanced Disposal Services by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 113,246 shares of the company’s stock valued at $3,688,000 after purchasing an additional 1,353 shares during the last quarter.

About Advanced Disposal Services

Advanced Disposal Services, Inc provides non-hazardous solid waste collection, transfer, recycling, and disposal services. The company is involved in the curbside collection of residential refuse from small carts or containers into collection vehicles for transport to a disposal/recycling site. It 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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