Vanguard Group Inc. increased its stake in shares of Advanced Disposal Services Inc (NASDAQ:ADSW) by 48.3% during the first quarter, Holdings Channel reports. The fund owned 1,671,885 shares of the company’s stock after buying an additional 544,257 shares during the period. Vanguard Group Inc.’s holdings in Advanced Disposal Services were worth $37,784,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. FMR LLC increased its stake in shares of Advanced Disposal Services by 12.6% in the first quarter. FMR LLC now owns 1,464,576 shares of the company’s stock valued at $33,099,000 after buying an additional 164,050 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Advanced Disposal Services by 19.0% in the first quarter. JPMorgan Chase & Co. now owns 943,093 shares of the company’s stock valued at $21,313,000 after buying an additional 150,301 shares during the last quarter. OppenheimerFunds Inc. increased its stake in shares of Advanced Disposal Services by 0.8% in the first quarter. OppenheimerFunds Inc. now owns 595,797 shares of the company’s stock valued at $13,465,000 after buying an additional 4,868 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in shares of Advanced Disposal Services during the first quarter valued at $10,587,000. Finally, Marshall Wace North America L.P. bought a new stake in shares of Advanced Disposal Services during the first quarter valued at $10,587,000.

Shares of Advanced Disposal Services Inc (ADSW) traded up 0.61% during trading on Monday, hitting $23.09. The company had a trading volume of 3,028 shares. The company’s market capitalization is $2.04 billion. Advanced Disposal Services Inc has a 52 week low of $18.32 and a 52 week high of $24.82. The stock’s 50-day moving average price is $23.28 and its 200 day moving average price is $22.94.

Advanced Disposal Services (NASDAQ:ADSW) last announced its earnings results on Wednesday, August 2nd. The company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.04. Advanced Disposal Services had a negative return on equity of 0.10% and a negative net margin of 0.05%. The firm had revenue of $383.10 million during the quarter, compared to analysts’ expectations of $372.78 million. During the same quarter in the previous year, the business earned $0.10 EPS. The company’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities research analysts forecast that Advanced Disposal Services Inc will post $0.57 earnings per share for the current year.

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ADSW has been the subject of several recent research reports. Barclays PLC downgraded Advanced Disposal Services from an “overweight” rating to an “equal weight” rating and set a $26.00 price objective for the company. in a research report on Monday, August 7th. CIBC reiterated a “buy” rating on shares of Advanced Disposal Services in a research report on Friday, May 5th. Zacks Investment Research downgraded Advanced Disposal Services from a “buy” rating to a “hold” rating in a research report on Monday, June 26th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Advanced Disposal Services in a research report on Thursday, May 4th. Finally, ValuEngine upgraded Advanced Disposal Services from a “sell” rating to a “hold” rating in a research report on Friday, May 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. Advanced Disposal Services has an average rating of “Buy” and an average price target of $25.27.

In related news, insider Steven R. Carn sold 45,000 shares of the business’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $23.37, for a total transaction of $1,051,650.00. Following the completion of the transaction, the insider now owns 324,733 shares in the company, valued at approximately $7,589,010.21. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Steven R. Carn sold 18,666 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $24.26, for a total value of $452,837.16. Following the transaction, the insider now owns 232,401 shares of the company’s stock, valued at approximately $5,638,048.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 192,332 shares of company stock valued at $4,400,465.

About Advanced Disposal Services

Advanced Disposal Services, Inc is an integrated provider of non-hazardous solid waste collection, transfer, recycling and disposal services operating primarily in secondary markets or under exclusive arrangements. The Company’s segments include South, East, Midwest and Corporate. As of December 31, 2016, the Company had its presence in 16 states across the Midwest, South and East regions of the United States, as well as in the Commonwealth of the Bahamas, served approximately 2.7 million residential customers and over 200,000 commercial and industrial (C&I) customers through its network of 90 collection operations, 72 transfer stations, 21 owned or operated recycling facilities and 39 owned or operated active landfills.

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Institutional Ownership by Quarter for Advanced Disposal Services (NASDAQ:ADSW)

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