Insider Selling: Advanced Disposal Services Inc (ADSW) Insider Sells 18,666 Shares of Stock
Advanced Disposal Services Inc (NASDAQ:ADSW) insider Steven R. Carn sold 18,666 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $25.36, for a total value of $473,369.76. Following the completion of the transaction, the insider now owns 195,069 shares in the company, valued at approximately $4,946,949.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Advanced Disposal Services Inc (ADSW) traded up 0.35% during trading on Tuesday, reaching $25.55. The company’s stock had a trading volume of 312,715 shares. Advanced Disposal Services Inc has a 52 week low of $18.32 and a 52 week high of $25.71. The company’s 50 day moving average price is $24.75 and its 200 day moving average price is $24.75. The company’s market cap is $2.26 billion.
Advanced Disposal Services (NASDAQ:ADSW) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. Advanced Disposal Services had a negative net margin of 0.05% and a negative return on equity of 0.10%. The firm had revenue of $383.10 million for the quarter, compared to analyst estimates of $372.78 million. During the same period in the previous year, the business earned $0.10 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that Advanced Disposal Services Inc will post $0.54 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently made changes to their positions in ADSW. Davidson Kempner Capital Management LP increased its position in shares of Advanced Disposal Services by 117.0% in the second quarter. Davidson Kempner Capital Management LP now owns 1,025,000 shares of the company’s stock valued at $23,298,000 after acquiring an additional 552,554 shares during the last quarter. Verition Fund Management LLC raised its holdings in Advanced Disposal Services by 86.7% during the second quarter. Verition Fund Management LLC now owns 17,172 shares of the company’s stock worth $390,000 after acquiring an additional 7,975 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Advanced Disposal Services by 11.6% during the second quarter. The Manufacturers Life Insurance Company now owns 21,030 shares of the company’s stock worth $478,000 after acquiring an additional 2,186 shares in the last quarter. Osterweis Capital Management Inc. bought a new stake in Advanced Disposal Services during the second quarter worth about $2,221,000. Finally, BlueCrest Capital Management Ltd bought a new stake in Advanced Disposal Services during the second quarter worth about $486,000.
Several research analysts have weighed in on ADSW shares. Zacks Investment Research raised Advanced Disposal Services from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Friday, June 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $26.00 price target on shares of Advanced Disposal Services in a research note on Friday, July 28th. Deutsche Bank AG lifted their price target on Advanced Disposal Services from $25.00 to $26.00 and gave the company a “buy” rating in a report on Monday, August 7th. Barclays PLC lowered Advanced Disposal Services from an “overweight” rating to an “equal weight” rating and set a $26.00 price target for the company. in a report on Monday, August 7th. Finally, BidaskClub raised Advanced Disposal Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $25.27.
Advanced Disposal Services Company Profile
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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