Advanced Emissions Solutions (ADES) Upgraded at Zacks Investment Research
Advanced Emissions Solutions (NASDAQ:ADES) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Advanced Emissions Solutions, Inc. develops, offers and implements environmental technologies, equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations. It operates in three principal business segments: Refined Coal, Emissions Control and CO2 capture. The company also offers dry sorbent injection systems to control SO2 and acid gases. It operates primarily in the United States along with its subsidiaries. Advanced Emissions Solutions, Inc. formerly known as ADA-ES, Inc., is based in Highlands Ranch, Colorado. “
Several other research firms have also commented on ADES. ValuEngine upgraded Advanced Emissions Solutions from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 2nd. HC Wainwright restated a “buy” rating and issued a $18.00 price objective on shares of Advanced Emissions Solutions in a research report on Wednesday, November 8th. Finally, Canaccord Genuity restated a “buy” rating and issued a $20.00 price objective on shares of Advanced Emissions Solutions in a research report on Thursday, September 28th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $17.00.
Advanced Emissions Solutions (NASDAQ:ADES) last released its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.43). Advanced Emissions Solutions had a return on equity of 45.61% and a net margin of 249.58%. The company had revenue of $2.29 million during the quarter, compared to analysts’ expectations of $8.30 million. equities analysts expect that Advanced Emissions Solutions will post 1.29 earnings per share for the current year.
Advanced Emissions Solutions declared that its Board of Directors has initiated a share repurchase plan on Monday, December 4th that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
In other Advanced Emissions Solutions news, Director Fundamental Advisers Sp L. Alta bought 262,266 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were purchased at an average price of $9.89 per share, for a total transaction of $2,593,810.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Alan Bradley Gabbard sold 10,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $8.17, for a total value of $81,700.00. Following the transaction, the director now owns 34,480 shares in the company, valued at approximately $281,701.60. The disclosure for this sale can be found here. Company insiders own 8.49% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Kestrel Investment Management Corp purchased a new position in shares of Advanced Emissions Solutions during the 3rd quarter valued at approximately $3,123,000. Dimensional Fund Advisors LP purchased a new position in shares of Advanced Emissions Solutions during the 3rd quarter valued at approximately $206,000. Wells Fargo & Company MN acquired a new position in Advanced Emissions Solutions in the 3rd quarter valued at $269,000. Dynamic Technology Lab Private Ltd acquired a new position in Advanced Emissions Solutions in the 3rd quarter valued at $244,000. Finally, Chicago Equity Partners LLC acquired a new position in Advanced Emissions Solutions in the 3rd quarter valued at $332,000. Hedge funds and other institutional investors own 71.29% 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.
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