Advanced Emissions Solutions (ADES) Downgraded by ValuEngine to Hold
ValuEngine downgraded shares of Advanced Emissions Solutions (NASDAQ:ADES) from a buy rating to a hold rating in a research report sent to investors on Friday morning.
A number of other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Advanced Emissions Solutions from a hold rating to a strong sell rating in a research report on Friday, November 10th. HC Wainwright reissued a buy rating and set a $18.00 target price on shares of Advanced Emissions Solutions in a research report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Advanced Emissions Solutions currently has an average rating of Hold and an average price target of $17.00.
Shares of Advanced Emissions Solutions (ADES) opened at $7.92 on Friday. The stock has a market cap of $164.29, a P/E ratio of 1.82 and a beta of 2.11. Advanced Emissions Solutions has a 1 year low of $7.00 and a 1 year high of $12.25.
Advanced Emissions Solutions declared that its board has authorized a share buyback program on Monday, December 4th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
In related news, Director Fundamental Advisers Sp L. Alta purchased 262,266 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was purchased at an average price of $9.89 per share, for a total transaction of $2,593,810.74. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alan Bradley Gabbard sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $8.17, for a total value of $81,700.00. Following the completion of the transaction, the director now owns 34,480 shares of the company’s stock, valued at approximately $281,701.60. The disclosure for this sale can be found here. 8.49% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Advanced Emissions Solutions by 7.7% in the 2nd quarter. Vanguard Group Inc. now owns 846,695 shares of the industrial products company’s stock worth $7,756,000 after acquiring an additional 60,261 shares during the period. Teachers Advisors LLC purchased a new position in Advanced Emissions Solutions in the 2nd quarter worth approximately $363,000. Royal Bank of Canada purchased a new position in Advanced Emissions Solutions in the 2nd quarter worth approximately $265,000. BlueCrest Capital Management Ltd boosted its holdings in Advanced Emissions Solutions by 247.3% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 50,887 shares of the industrial products company’s stock worth $466,000 after acquiring an additional 36,235 shares during the period. Finally, Chicago Equity Partners LLC purchased a new position in shares of Advanced Emissions Solutions during the 3rd quarter valued at approximately $332,000. Hedge funds and other institutional investors own 69.95% of the company’s stock.
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Advanced Emissions Solutions Company Profile
ADA-ES, Inc (ADA) develops, offers, and implements environmental technologies and provides equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations by enhancing existing air pollution control equipment. ADA’s wholly owned subsidiaries include Advanced Emissions Solutions, Inc, ADA Intellectual Property, LLC and ADA Environmental Solutions, LLC.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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