Alan Bradley Gabbard Sells 10,000 Shares of Advanced Emissions Solutions, Inc. (ADES) Stock
Advanced Emissions Solutions, Inc. (NASDAQ:ADES) Director Alan Bradley Gabbard sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $8.17, for a total transaction of $81,700.00. Following the completion of the transaction, the director now owns 34,480 shares in the company, valued at approximately $281,701.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Advanced Emissions Solutions, Inc. (NASDAQ:ADES) traded down $0.42 during midday trading on Friday, reaching $8.42. 152,133 shares of the company’s stock were exchanged, compared to its average volume of 149,567. The company has a market cap of $177.57, a P/E ratio of 5.36 and a beta of 2.66. Advanced Emissions Solutions, Inc. has a 52-week low of $7.65 and a 52-week high of $12.25.
Advanced Emissions Solutions (NASDAQ:ADES) last posted its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.43). The business had revenue of $2.29 million during the quarter, compared to the consensus estimate of $8.30 million. Advanced Emissions Solutions had a net margin of 249.58% and a return on equity of 45.61%. equities research analysts forecast that Advanced Emissions Solutions, Inc. will post 1.29 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 6th. Shareholders of record on Friday, November 17th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 11.88%. The ex-dividend date was Thursday, November 16th. Advanced Emissions Solutions’s dividend payout ratio is currently 22.99%.
Advanced Emissions Solutions announced that its board has initiated a share buyback plan on Monday, December 4th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
A number of hedge funds and other institutional investors have recently bought and sold shares of ADES. Bank of New York Mellon Corp boosted its holdings in Advanced Emissions Solutions by 40.4% in the 1st quarter. Bank of New York Mellon Corp now owns 16,543 shares of the industrial products company’s stock valued at $158,000 after purchasing an additional 4,757 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Advanced Emissions Solutions by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 786,434 shares of the industrial products company’s stock worth $7,502,000 after acquiring an additional 8,650 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Advanced Emissions Solutions by 68.6% during the 1st quarter. Geode Capital Management LLC now owns 157,441 shares of the industrial products company’s stock worth $1,501,000 after acquiring an additional 64,039 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of Advanced Emissions Solutions during the 1st quarter worth approximately $859,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of Advanced Emissions Solutions during the 2nd quarter worth approximately $325,000. 71.29% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently commented on ADES. ValuEngine upgraded shares of Advanced Emissions Solutions from a “buy” rating to a “strong-buy” rating in a research note on Monday, October 2nd. Zacks Investment Research lowered shares of Advanced Emissions Solutions from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. HC Wainwright reiterated a “buy” rating and issued a $18.00 price target on shares of Advanced Emissions Solutions in a research note on Wednesday, November 8th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $20.00 price target on shares of Advanced Emissions Solutions in a research note on Thursday, September 28th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Advanced Emissions Solutions has an average rating of “Buy” and a consensus target price of $17.00.
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About Advanced Emissions Solutions
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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