Schwab Charles Investment Management Inc. lifted its holdings in shares of Advanced Disposal Services Inc (NYSE:ADSW) by 42.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 317,193 shares of the company’s stock after purchasing an additional 95,127 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Advanced Disposal Services were worth $7,861,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. MetLife Investment Advisors LLC boosted its stake in shares of Advanced Disposal Services by 11.6% during the 1st quarter. MetLife Investment Advisors LLC now owns 22,985 shares of the company’s stock worth $512,000 after acquiring an additional 2,383 shares during the period. American International Group Inc. boosted its stake in shares of Advanced Disposal Services by 9.7% during the 1st quarter. American International Group Inc. now owns 32,316 shares of the company’s stock worth $720,000 after acquiring an additional 2,857 shares during the period. OppenheimerFunds Inc. boosted its stake in shares of Advanced Disposal Services by 0.6% during the 1st quarter. OppenheimerFunds Inc. now owns 756,159 shares of the company’s stock worth $16,847,000 after acquiring an additional 4,280 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Advanced Disposal Services by 12.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 38,287 shares of the company’s stock worth $854,000 after acquiring an additional 4,306 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Advanced Disposal Services by 24.2% during the 1st quarter. Cubist Systematic Strategies LLC now owns 25,774 shares of the company’s stock worth $574,000 after acquiring an additional 5,024 shares during the period. Institutional investors own 96.60% of the company’s stock.

Several brokerages have recently commented on ADSW. First Analysis lifted their target price on Advanced Disposal Services to $32.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, September 18th. Zacks Investment Research downgraded Advanced Disposal Services from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $28.20.

NYSE:ADSW opened at $27.01 on Friday. The company has a market cap of $2.42 billion, a P/E ratio of 57.53, a PEG ratio of 3.06 and a beta of 0.62. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 2.04. Advanced Disposal Services Inc has a 1-year low of $21.50 and a 1-year high of $27.93.

Advanced Disposal Services (NYSE:ADSW) last released its quarterly earnings results on Wednesday, August 1st. The company reported $0.19 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The business had revenue of $398.10 million during the quarter, compared to analysts’ expectations of $390.72 million. Advanced Disposal Services had a return on equity of 5.68% and a net margin of 3.72%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.16 EPS. equities research analysts forecast that Advanced Disposal Services Inc will post 0.6 earnings per share for the current year.

About Advanced Disposal Services

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

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