Advanced Disposal Services (ADSW) Upgraded to Buy at Stifel Nicolaus
Stifel Nicolaus upgraded shares of Advanced Disposal Services (NYSE:ADSW) from a hold rating to a buy rating in a report released on Monday, Marketbeat.com reports. They currently have $28.00 price objective on the stock, up from their previous price objective of $26.00.
Several other equities analysts have also recently commented on ADSW. BidaskClub raised Advanced Disposal Services from a sell rating to a hold rating in a report on Wednesday, September 27th. Zacks Investment Research raised Advanced Disposal Services from a hold rating to a strong-buy rating and set a $29.00 price target for the company in a report on Wednesday, October 4th. Credit Suisse Group cut their price target on Advanced Disposal Services from $28.00 to $27.00 and set an outperform rating for the company in a report on Friday, November 3rd. Finally, KeyCorp began coverage on Advanced Disposal Services in a report on Thursday, November 30th. They issued a sector weight rating for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $26.38.
Advanced Disposal Services (NYSE ADSW) opened at $22.76 on Monday. 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 company has a market capitalization of $2,051.23, a P/E ratio of 41.39, a price-to-earnings-growth ratio of 3.28 and a beta of -0.67. Advanced Disposal Services has a twelve month low of $19.34 and a twelve month high of $25.71.
Advanced Disposal Services (NYSE:ADSW) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). The firm had revenue of $392.70 million during the quarter, compared to analyst estimates 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 was up 8.9% on a year-over-year basis. During the same period last year, the company earned $0.06 EPS. equities research analysts expect that Advanced Disposal Services will post 0.51 earnings per share for the current year.
In other news, major shareholder Highstar Capital Lp sold 19,998,544 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $21.77, for a total value of $435,368,302.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven R. Carn sold 18,666 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $24.60, for a total value 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 $4,339,513.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,054,542 shares of company stock valued at $436,731,481. 1.20% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in Advanced Disposal Services during the 3rd quarter worth approximately $119,000. Legal & General Group Plc grew its position in Advanced Disposal Services by 14.1% during the 2nd quarter. Legal & General Group Plc now owns 6,426 shares of the company’s stock worth $146,000 after acquiring an additional 795 shares during the last quarter. Parametric Portfolio Associates LLC bought a new stake in Advanced Disposal Services during the 2nd quarter worth approximately $220,000. Voya Investment Management LLC bought a new stake in Advanced Disposal Services during the 2nd quarter worth approximately $238,000. Finally, Teacher Retirement System of Texas grew its position in Advanced Disposal Services by 24.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 12,469 shares of the company’s stock worth $283,000 after acquiring an additional 2,469 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.
About Advanced Disposal Services
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.
Receive News & Ratings for Advanced Disposal Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Disposal Services and related companies with Analyst Ratings Network's FREE daily email newsletter.