Geode Capital Management LLC boosted its position in shares of Advanced Emissions Solutions, Inc. (NASDAQ:ADES) by 68.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 157,441 shares of the industrial products company’s stock after buying an additional 64,039 shares during the period. Geode Capital Management LLC’s holdings in Advanced Emissions Solutions were worth $1,501,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in Advanced Emissions Solutions by 40.4% in the first quarter. Bank of New York Mellon Corp now owns 16,543 shares of the industrial products company’s stock worth $158,000 after buying an additional 4,757 shares during the last quarter. Vanguard Group Inc. boosted its stake in Advanced Emissions Solutions by 1.1% in the first quarter. Vanguard Group Inc. now owns 786,434 shares of the industrial products company’s stock worth $7,502,000 after buying an additional 8,650 shares during the last quarter. Segantii Capital Management Ltd purchased a new stake in Advanced Emissions Solutions during the first quarter worth approximately $275,000. AXA purchased a new stake in Advanced Emissions Solutions during the first quarter worth approximately $529,000. Finally, Wellington Management Group LLP boosted its stake in Advanced Emissions Solutions by 21.5% in the first quarter. Wellington Management Group LLP now owns 489,593 shares of the industrial products company’s stock worth $4,670,000 after buying an additional 86,476 shares during the last quarter. 68.76% of the stock is owned by institutional investors.

Shares of Advanced Emissions Solutions, Inc. (ADES) traded down 0.58% on Friday, reaching $10.32. 66,557 shares of the company’s stock were exchanged. Advanced Emissions Solutions, Inc. has a one year low of $7.13 and a one year high of $12.25. The firm has a 50 day moving average of $10.16 and a 200 day moving average of $9.85. The firm has a market capitalization of $214.60 million, a P/E ratio of 2.30 and a beta of 2.85.

Advanced Emissions Solutions announced that its board has approved a stock repurchase plan on Monday, May 8th that allows the company to repurchase $9.99 million in shares. This repurchase authorization allows the industrial products company to reacquire shares of its stock through a tender offer. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Monday, August 21st will be given a $0.25 dividend. The ex-dividend date is Thursday, August 17th. This represents a $1.00 annualized dividend and a yield of 9.69%. Advanced Emissions Solutions’s dividend payout ratio (DPR) is 22.22%.

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A number of research firms recently commented on ADES. HC Wainwright set a $18.00 target price on shares of Advanced Emissions Solutions and gave the company a “buy” rating in a research report on Wednesday, August 9th. ValuEngine cut shares of Advanced Emissions Solutions from a “strong-buy” rating to a “buy” rating in a research report on Friday. Zacks Investment Research raised shares of Advanced Emissions Solutions from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Friday, August 11th. Finally, TheStreet cut shares of Advanced Emissions Solutions from a “b-” rating to a “c+” rating in a research report on Monday, June 5th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Advanced Emissions Solutions presently has an average rating of “Buy” and an average price target of $16.00.

In related news, Director Alan Bradley Gabbard sold 4,700 shares of the company’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $9.21, for a total value of $43,287.00. Following the completion of the sale, the director now owns 41,638 shares in the company, valued at approximately $383,485.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 8.49% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for Advanced Emissions Solutions (NASDAQ:ADES)

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