Advanced Disposal Services Inc (ADSW) Raised to “Strong-Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Advanced Disposal Services Inc (NASDAQ:ADSW) from a hold rating to a strong-buy rating in a research note released on Wednesday. Zacks Investment Research currently has $29.00 price objective 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. “
Several other equities analysts have also recently issued reports on ADSW. Stifel Nicolaus reaffirmed a buy rating and issued a $26.00 price objective on shares of Advanced Disposal Services in a research report on Friday, July 28th. Barclays PLC cut Advanced Disposal Services from an overweight rating to an equal weight rating and set a $26.00 price objective on the stock. in a research report on Monday, August 7th. Deutsche Bank AG increased their price target on Advanced Disposal Services from $25.00 to $26.00 and gave the company a buy rating in a report on Monday, August 7th. Finally, BidaskClub raised Advanced Disposal Services from a sell rating to a hold rating in a report on Wednesday, September 27th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $25.55.
Shares of Advanced Disposal Services (ADSW) opened at 24.48 on Wednesday. The company’s 50-day moving average price is $24.73 and its 200-day moving average price is $24.73. Advanced Disposal Services has a one year low of $18.32 and a one year high of $25.71. The company’s market capitalization is $2.16 billion.
Advanced Disposal Services (NASDAQ:ADSW) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. The business had revenue of $383.10 million for the quarter, compared to analysts’ expectations of $372.78 million. Advanced Disposal Services had a negative return on equity of 0.10% and a negative net margin of 0.05%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. On average, equities research analysts predict that Advanced Disposal Services will post $0.54 earnings per share for the current year.
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In other news, insider Steven R. Carn sold 18,666 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $25.36, for a total transaction of $473,369.76. Following the transaction, the insider now directly owns 195,069 shares of the company’s stock, valued at approximately $4,946,949.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 55,998 shares of company stock worth $1,372,138 over the last three months.
Large investors have recently bought and sold shares of the company. Legal & General Group Plc increased its stake in shares of Advanced Disposal Services by 14.1% in the 2nd quarter. Legal & General Group Plc now owns 6,426 shares of the company’s stock worth $146,000 after purchasing an additional 795 shares in the last quarter. Parametric Portfolio Associates LLC purchased a new stake in shares of Advanced Disposal Services in the 2nd quarter worth $220,000. Voya Investment Management LLC purchased a new stake in shares of Advanced Disposal Services in the 2nd quarter worth $238,000. Legato Capital Management LLC purchased a new stake in shares of Advanced Disposal Services in the 2nd quarter worth $277,000. Finally, Teacher Retirement System of Texas increased its stake in shares of Advanced Disposal Services by 24.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 12,469 shares of the company’s stock worth $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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