Advanced Disposal Services Inc (NYSE:ADSW) has been assigned a consensus rating of “Hold” from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $26.00.
A number of equities research analysts have weighed in on ADSW shares. Zacks Investment Research upgraded Advanced Disposal Services from a “sell” rating to a “hold” rating in a research note on Thursday, January 18th. Stifel Nicolaus upgraded Advanced Disposal Services from a “hold” rating to a “buy” rating and raised their price objective for the company from $26.00 to $28.00 in a research note on Monday, December 11th. Credit Suisse Group lowered their price objective on Advanced Disposal Services from $28.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. BidaskClub lowered Advanced Disposal Services from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Finally, KeyCorp began coverage on Advanced Disposal Services in a research report on Thursday, November 30th. They issued a “sector weight” rating for the company.
Shares of Advanced Disposal Services (ADSW) traded down $0.15 during midday trading on Friday, reaching $24.02. The company’s stock had a trading volume of 178,850 shares, compared to its average volume of 338,889. Advanced Disposal Services has a 12-month low of $20.94 and a 12-month high of $25.71. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 2.25. The firm has a market cap of $2,130.00 and a price-to-earnings ratio of -85.79.
In other news, major shareholder Highstar Capital Lp sold 19,998,544 shares of Advanced Disposal Services stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $21.77, for a total value of $435,368,302.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven R. Carn sold 18,666 shares of Advanced Disposal Services stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $23.07, for a total value of $430,624.62. Following the completion of the transaction, the chief financial officer now owns 157,737 shares of the company’s stock, valued at approximately $3,638,992.59. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,054,542 shares of company stock valued at $436,687,056. Insiders own 1.20% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in ADSW. Schwab Charles Investment Management Inc. lifted its holdings in shares of Advanced Disposal Services by 73.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 129,136 shares of the company’s stock worth $2,936,000 after purchasing an additional 54,538 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Advanced Disposal Services by 20.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 95,536 shares of the company’s stock worth $2,172,000 after purchasing an additional 16,106 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of 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 last quarter. Prudential Financial Inc. bought a new stake in shares of Advanced Disposal Services in the 2nd quarter worth approximately $354,000. Finally, Swiss National Bank bought a new stake in shares of Advanced Disposal Services in the 2nd quarter worth approximately $1,168,000. 96.83% of the stock is currently owned by institutional investors and hedge funds.
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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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