Advanced Disposal Services Inc (ADSW) Insider Steven R. Carn Sells 18,666 Shares
Advanced Disposal Services Inc (NASDAQ:ADSW) insider Steven R. Carn sold 18,666 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $24.60, for a total value of $459,183.60. Following the transaction, the insider now directly owns 176,403 shares in the company, valued at $4,339,513.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Advanced Disposal Services (NASDAQ:ADSW) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.12). The company had revenue of $392.70 million during the quarter, compared to analyst estimates of $383.11 million. Advanced Disposal Services had a negative net margin of 0.05% and a negative return on equity of 0.10%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm earned $0.06 EPS.
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A number of research analysts have recently issued reports on the company. BidaskClub downgraded Advanced Disposal Services from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. Zacks Investment Research downgraded Advanced Disposal Services from a “strong-buy” rating to a “hold” rating in a report on Friday, October 6th. Stifel Nicolaus downgraded Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $26.00 price target on the stock. in a report on Wednesday, October 4th. Deutsche Bank AG upped 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. Finally, Barclays PLC downgraded Advanced Disposal Services from an “overweight” rating to an “equal weight” rating and set a $26.00 target price on the stock. in a report on Monday, August 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Advanced Disposal Services has a consensus rating of “Hold” and an average target price of $26.00.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its holdings in Advanced Disposal Services by 14.1% in the 2nd quarter. Legal & General Group Plc now owns 6,426 shares of the company’s stock worth $146,000 after purchasing an additional 795 shares during the period. Parametric Portfolio Associates LLC acquired a new position in Advanced Disposal Services in the 2nd quarter worth about $220,000. Voya Investment Management LLC acquired a new position in Advanced Disposal Services in the 2nd quarter worth about $238,000. Legato Capital Management LLC acquired a new position in Advanced Disposal Services in the 2nd quarter worth about $277,000. Finally, Teacher Retirement System of Texas raised its holdings in Advanced Disposal Services by 24.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 12,469 shares of the company’s stock worth $283,000 after purchasing an additional 2,469 shares during the period.
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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