Advanced Disposal Services Inc (NASDAQ:ADSW) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

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. “

Other equities analysts have also issued reports about the stock. Barclays PLC lowered shares of Advanced Disposal Services from an “overweight” rating to an “equal weight” rating and set a $26.00 price objective on the stock. in a report on Monday, August 7th. Stifel Nicolaus restated a “buy” rating and issued a $26.00 price objective on shares of Advanced Disposal Services in a report on Friday, July 28th. BidaskClub upgraded shares of Advanced Disposal Services from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, Deutsche Bank AG upped their price objective on shares of Advanced Disposal Services from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $25.55.

Shares of Advanced Disposal Services (NASDAQ:ADSW) traded down 0.77% during mid-day trading on Friday, reaching $24.48. 203,118 shares of the company’s stock traded hands. The stock’s market capitalization is $2.16 billion. The company’s 50-day moving average price is $24.74 and its 200-day moving average price is $24.74. Advanced Disposal Services has a 12-month low of $18.32 and a 12-month high of $25.71.

Advanced Disposal Services (NASDAQ:ADSW) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.16 earnings per share 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 business had revenue of $383.10 million during the quarter, compared to analysts’ expectations of $372.78 million. During the same quarter in the prior year, the company posted $0.10 EPS. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts anticipate that Advanced Disposal Services will post $0.54 earnings per share for the current year.

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In other Advanced Disposal Services news, insider Steven R. Carn sold 18,666 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $25.36, for a total transaction of $473,369.76. Following the sale, the insider now directly owns 195,069 shares in the company, valued at approximately $4,946,949.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders have sold 55,998 shares of company stock worth $1,372,138.

A number of institutional investors have recently added to or reduced their stakes in ADSW. Legal & General Group Plc lifted its holdings in Advanced Disposal Services by 14.1% during the 2nd quarter. Legal & General Group Plc now owns 6,426 shares of the company’s stock worth $146,000 after buying an additional 795 shares in the last quarter. Parametric Portfolio Associates LLC acquired a new stake in Advanced Disposal Services during the 2nd quarter worth approximately $220,000. Voya Investment Management LLC acquired a new stake in Advanced Disposal Services during the 2nd quarter worth approximately $238,000. Legato Capital Management LLC acquired a new stake in Advanced Disposal Services during the 2nd quarter worth approximately $277,000. Finally, Teacher Retirement System of Texas lifted its holdings in Advanced Disposal Services by 24.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 12,469 shares of the company’s stock worth $283,000 after buying an additional 2,469 shares in the last quarter.

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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Analyst Recommendations for Advanced Disposal Services (NASDAQ:ADSW)

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