Zacks Investment Research Lowers Advanced Emissions Solutions, Inc. (ADES) to Strong Sell

Zacks Investment Research lowered shares of Advanced Emissions Solutions, Inc. (NASDAQ:ADES) from a hold rating to a strong sell rating in a research note issued to investors on Friday morning.

According to Zacks, “Advanced Emissions Solutions, Inc. develops, offers and implements environmental technologies, equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations. It operates in three principal business segments: Refined Coal, Emissions Control and CO2 capture. The company also offers dry sorbent injection systems to control SO2 and acid gases. It operates primarily in the United States along with its subsidiaries. Advanced Emissions Solutions, Inc. formerly known as ADA-ES, Inc., is based in Highlands Ranch, Colorado. “

Several other analysts have also recently commented on ADES. HC Wainwright set a $18.00 target price on Advanced Emissions Solutions and gave the stock a buy rating in a report on Wednesday, August 9th. ValuEngine cut Advanced Emissions Solutions from a strong-buy rating to a buy rating in a report on Friday, September 1st. Finally, Canaccord Genuity restated a buy rating and set a $20.00 target price on shares of Advanced Emissions Solutions in a report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $17.00.

Shares of Advanced Emissions Solutions (ADES) opened at $11.56 on Friday. The company has a market capitalization of $243.79, a price-to-earnings ratio of 7.36 and a beta of 2.81. Advanced Emissions Solutions has a 1-year low of $7.65 and a 1-year high of $12.25.

Advanced Emissions Solutions (NASDAQ:ADES) last announced its earnings results on Monday, November 6th. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.43). The business had revenue of $2.29 million for the quarter, compared to the consensus estimate of $8.30 million. Advanced Emissions Solutions had a return on equity of 45.61% and a net margin of 249.58%. equities analysts forecast that Advanced Emissions Solutions will post 1.29 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Friday, November 17th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 8.65%. The ex-dividend date of this dividend is Thursday, November 16th. Advanced Emissions Solutions’s dividend payout ratio is 22.99%.

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Advanced Emissions Solutions by 7.7% in the second quarter. Vanguard Group Inc. now owns 846,695 shares of the industrial products company’s stock valued at $7,756,000 after acquiring an additional 60,261 shares during the last quarter. Northpointe Capital LLC boosted its holdings in Advanced Emissions Solutions by 47.0% in the third quarter. Northpointe Capital LLC now owns 677,528 shares of the industrial products company’s stock valued at $7,432,000 after acquiring an additional 216,479 shares during the last quarter. Apollo Management Holdings L.P. boosted its holdings in Advanced Emissions Solutions by 153.4% in the second quarter. Apollo Management Holdings L.P. now owns 633,388 shares of the industrial products company’s stock valued at $5,802,000 after acquiring an additional 383,388 shares during the last quarter. State Street Corp boosted its holdings in Advanced Emissions Solutions by 1,604.4% in the second quarter. State Street Corp now owns 253,958 shares of the industrial products company’s stock valued at $2,327,000 after acquiring an additional 239,058 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Advanced Emissions Solutions by 343.5% in the second quarter. Northern Trust Corp now owns 238,983 shares of the industrial products company’s stock valued at $2,189,000 after acquiring an additional 185,102 shares during the last quarter. Institutional investors and hedge funds own 70.02% of the company’s stock.

Advanced Emissions Solutions Company Profile

ADA-ES, Inc (ADA) develops, offers, and implements environmental technologies and provides equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations by enhancing existing air pollution control equipment. ADA’s wholly owned subsidiaries include Advanced Emissions Solutions, Inc, ADA Intellectual Property, LLC and ADA Environmental Solutions, LLC.

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