Advanced Disposal Services (NYSE:ADSW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

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. “

A number of other analysts have also recently weighed in on the stock. Stifel Nicolaus upgraded shares of Advanced Disposal Services from a “hold” rating to a “buy” rating and raised their price target for the company from $26.00 to $28.00 in a report on Monday, December 11th. BidaskClub upgraded shares of Advanced Disposal Services from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Credit Suisse Group lowered their price target on shares of Advanced Disposal Services from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Finally, KeyCorp began coverage on shares of Advanced Disposal Services in a report on Thursday, November 30th. They issued a “sector weight” rating on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $26.38.

Advanced Disposal Services (NYSE:ADSW) traded up $0.13 during midday trading on Tuesday, reaching $23.94. 261,000 shares of the company’s stock were exchanged, compared to its average volume of 354,951. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.25. The stock has a market cap of $2,118.48, a P/E ratio of -85.50, a price-to-earnings-growth ratio of 3.46 and a beta of -0.70. Advanced Disposal Services has a 1-year low of $20.94 and a 1-year high of $25.71.

Advanced Disposal Services (NYSE:ADSW) last posted its earnings results on Wednesday, November 1st. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The business had revenue of $392.70 million for the quarter, compared to analysts’ expectations of $383.11 million. Advanced Disposal Services had a negative net margin of 1.61% and a positive return on equity of 5.84%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the business posted $0.06 EPS. equities research analysts expect that Advanced Disposal Services will post 0.5 earnings per share for the current year.

In other news, insider Steven R. Carn sold 18,666 shares of Advanced Disposal Services stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $24.60, for a total transaction of $459,183.60. Following the completion of the transaction, the insider now directly owns 176,403 shares of the company’s stock, valued at approximately $4,339,513.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Highstar Capital Lp sold 19,998,544 shares of Advanced Disposal Services stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $21.77, for a total transaction of $435,368,302.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,035,876 shares of company stock valued at $436,258,111. Company insiders own 1.20% of the company’s stock.

Large investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new stake in Advanced Disposal Services in the 3rd quarter worth $480,000. Magnetar Financial LLC purchased a new stake in Advanced Disposal Services in the 3rd quarter worth $439,000. Asset Management One Co. Ltd. purchased a new stake in Advanced Disposal Services in the 3rd quarter worth $8,283,000. Convergence Investment Partners LLC purchased a new stake in Advanced Disposal Services in the 3rd quarter worth $349,000. Finally, California State Teachers Retirement System increased its holdings in Advanced Disposal Services by 58.3% in the 3rd quarter. California State Teachers Retirement System now owns 69,950 shares of the company’s stock worth $1,762,000 after acquiring an additional 25,750 shares in the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Advanced Disposal Services (NYSE:ADSW)

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