Advanced Disposal Services Inc (ADSW) Downgraded by Stifel Nicolaus to Hold
Stifel Nicolaus lowered shares of Advanced Disposal Services Inc (NASDAQ:ADSW) from a buy rating to a hold rating in a report published on Wednesday, MarketBeat reports. They currently have $26.00 price objective on the stock.
ADSW has been the topic of a number of other research reports. Deutsche Bank AG raised their price target on shares of Advanced Disposal Services from $25.00 to $26.00 and gave the company a buy rating in a report on Monday, August 7th. Zacks Investment Research downgraded shares of Advanced Disposal Services from a hold rating to a sell rating in a report on Tuesday, August 8th. BidaskClub raised shares of Advanced Disposal Services from a sell rating to a hold rating in a report on Wednesday, September 27th. Finally, Barclays PLC downgraded shares of Advanced Disposal Services from an overweight rating to an equal weight rating and set a $26.00 price target on the stock. in a report on Monday, August 7th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Advanced Disposal Services currently has an average rating of Buy and an average target price of $25.55.
Advanced Disposal Services (NASDAQ ADSW) opened at 24.48 on Wednesday. Advanced Disposal Services has a 12-month low of $18.32 and a 12-month high of $25.71. The stock’s market capitalization is $2.16 billion. The company’s 50-day moving average is $24.73 and its 200 day moving average is $24.73.
Advanced Disposal Services (NASDAQ:ADSW) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $383.10 million during the quarter, compared to analyst estimates of $372.78 million. Advanced Disposal Services had a negative net margin of 0.05% and a negative return on equity of 0.10%. Advanced Disposal Services’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS. On average, equities research analysts expect that Advanced Disposal Services will post $0.54 earnings per share for the current fiscal year.
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In related news, insider Steven R. Carn sold 18,666 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $23.89, for a total value of $445,930.74. Following the transaction, the insider now owns 213,735 shares of the company’s stock, valued at $5,106,129.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 55,998 shares of company stock worth $1,372,138.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc boosted its holdings in shares of Advanced Disposal Services by 14.1% in the second quarter. Legal & General Group Plc now owns 6,426 shares of the company’s stock worth $146,000 after buying an additional 795 shares during the last quarter. Parametric Portfolio Associates LLC purchased a new position in Advanced Disposal Services during the second quarter valued at approximately $220,000. Voya Investment Management LLC purchased a new position in Advanced Disposal Services during the second quarter valued at approximately $238,000. Legato Capital Management LLC purchased a new position in Advanced Disposal Services during the second quarter valued at approximately $277,000. Finally, Teacher Retirement System of Texas lifted its holdings in Advanced Disposal Services by 24.7% during the second quarter. Teacher Retirement System of Texas now owns 12,469 shares of the company’s stock valued at $283,000 after purchasing an additional 2,469 shares in the last quarter.
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.
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