Zacks Investment Research Lowers Advanced Disposal Services Inc (ADSW) to Sell
Advanced Disposal Services Inc (NASDAQ:ADSW) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Advanced Disposal Services, Inc. is a waste management company. It offers waste collection, transfer, recycling and disposal services for residential, commercial and industrial customers. The company serves primarily in United States. Advanced Disposal Services, Inc. is based in Ponte Vedra, FL. “
ADSW has been the topic of a number of other research reports. Deutsche Bank AG increased their price objective on Advanced Disposal Services from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Monday. Stifel Nicolaus reaffirmed a “buy” rating and set a $26.00 target price on shares of Advanced Disposal Services in a research report on Friday, July 28th. CIBC reaffirmed a “buy” rating on shares of Advanced Disposal Services in a research report on Monday, May 15th. ValuEngine raised Advanced Disposal Services from a “sell” rating to a “hold” rating in a research report on Friday, May 19th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Advanced Disposal Services in a research report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. Advanced Disposal Services presently has a consensus rating of “Buy” and a consensus target price of $25.27.
Shares of Advanced Disposal Services (NASDAQ:ADSW) traded up 3.02% on Tuesday, reaching $23.54. 269,883 shares of the company’s stock were exchanged. Advanced Disposal Services has a 12 month low of $18.32 and a 12 month high of $24.44. The company’s market capitalization is $2.08 billion. The firm’s 50 day moving average price is $23.26 and its 200-day moving average price is $22.87.
Advanced Disposal Services (NASDAQ:ADSW) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $372.78 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The firm’s revenue was up 7.0% on a year-over-year basis. On average, equities analysts anticipate that Advanced Disposal Services will post $0.52 EPS for the current year.
In other Advanced Disposal Services news, insider Steven R. Carn sold 18,666 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $24.26, for a total transaction of $452,837.16. Following the completion of the sale, the insider now owns 232,401 shares of the company’s stock, valued at $5,638,048.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven R. Carn sold 55,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $21.87, for a total value of $1,202,850.00. Following the sale, the insider now directly owns 369,733 shares of the company’s stock, valued at approximately $8,086,060.71. The disclosure for this sale can be found here. Insiders have sold 192,332 shares of company stock valued at $4,400,465 in the last ninety days.
Several large investors have recently bought and sold shares of the stock. Legal & General Group Plc boosted its stake in Advanced Disposal Services by 14.1% in the second quarter. Legal & General Group Plc now owns 6,426 shares of the company’s stock valued at $146,000 after buying an additional 795 shares in the last quarter. Stevens Capital Management LP acquired a new stake in Advanced Disposal Services during the first quarter valued at $228,000. Boothbay Fund Management LLC acquired a new stake in Advanced Disposal Services during the fourth quarter valued at $273,000. Legato Capital Management LLC acquired a new stake in Advanced Disposal Services during the second quarter valued at $277,000. Finally, Teacher Retirement System of Texas boosted its stake in Advanced Disposal Services by 24.7% in the second quarter. Teacher Retirement System of Texas now owns 12,469 shares of the company’s stock valued at $283,000 after buying an additional 2,469 shares in the last quarter.
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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