Insider Selling: Advanced Disposal Services Inc (ADSW) Insider Sells 55,000 Shares of Stock
Advanced Disposal Services Inc (NASDAQ:ADSW) insider Steven R. Carn sold 55,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $21.87, for a total transaction of $1,202,850.00. Following the completion of the transaction, the insider now owns 369,733 shares in the company, valued at approximately $8,086,060.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Advanced Disposal Services (NASDAQ:ADSW) last posted its earnings results on Thursday, May 4th. The company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.06. The company had revenue of $347.40 million during the quarter, compared to analyst estimates of $341.08 million. The business’s quarterly revenue was up 4.1% on a year-over-year basis.
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A number of large investors have recently bought and sold shares of the company. Fairview Capital Investment Management LLC bought a new stake in Advanced Disposal Services during the fourth quarter valued at $38,087,000. Vanguard Group Inc. raised its stake in Advanced Disposal Services by 48.3% in the first quarter. Vanguard Group Inc. now owns 1,671,885 shares of the company’s stock valued at $37,784,000 after buying an additional 544,257 shares during the period. FMR LLC raised its stake in 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 period. Norges Bank bought a new stake in Advanced Disposal Services during the fourth quarter valued at $23,599,000. Finally, JPMorgan Chase & Co. raised its stake in 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 period.
ADSW has been the topic of several research reports. Barclays PLC restated a “buy” rating on shares of Advanced Disposal Services in a report on Friday, March 3rd. Bank of America Corp upgraded shares of Advanced Disposal Services from a “neutral” rating to a “buy” rating and raised their price target for the company from $22.00 to $27.00 in a report on Friday, March 3rd. Oppenheimer Holdings Inc. set a $26.00 price target on shares of Advanced Disposal Services and gave the company a “buy” rating in a report on Monday, February 27th. CIBC restated a “buy” rating on shares of Advanced Disposal Services in a report on Monday. Finally, Zacks Investment Research upgraded shares of Advanced Disposal Services from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Friday, May 12th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Advanced Disposal Services has a consensus rating of “Buy” and an average price target of $24.70.
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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