Advanced Emissions Solutions, Inc. (NASDAQ:ADES) Director Alan Bradley Gabbard sold 10,000 shares of Advanced Emissions Solutions stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $8.17, for a total value of $81,700.00. Following the transaction, the director now owns 34,480 shares in the company, valued at approximately $281,701.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Advanced Emissions Solutions, Inc. (NASDAQ ADES) traded down $0.42 during trading on Monday, reaching $8.42. The company had a trading volume of 152,300 shares, compared to its average volume of 112,120. Advanced Emissions Solutions, Inc. has a 52-week low of $7.65 and a 52-week high of $12.25. The stock has a market capitalization of $177.57, a P/E ratio of 5.36 and a beta of 2.66.
Advanced Emissions Solutions (NASDAQ:ADES) last posted its earnings results on Monday, November 6th. The industrial products company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.43). Advanced Emissions Solutions had a net margin of 249.58% and a return on equity of 45.61%. The business had revenue of $2.29 million during the quarter, compared to analysts’ expectations of $8.30 million. research analysts forecast that Advanced Emissions Solutions, Inc. will post 1.29 EPS for the current fiscal year.
Advanced Emissions Solutions announced that its board has approved a share buyback plan on Monday, December 4th that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 6th. Shareholders of record on Friday, November 17th were given a $0.25 dividend. The ex-dividend date was Thursday, November 16th. This represents a $1.00 dividend on an annualized basis and a yield of 11.88%. Advanced Emissions Solutions’s dividend payout ratio is currently 23.09%.
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position 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 purchasing an additional 60,261 shares during the period. Northpointe Capital LLC raised its position 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 purchasing an additional 216,479 shares during the period. Apollo Management Holdings L.P. raised its position 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 purchasing an additional 383,388 shares during the period. Kestrel Investment Management Corp purchased a new stake in Advanced Emissions Solutions in the third quarter valued at $3,123,000. Finally, State Street Corp raised its position 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 purchasing an additional 239,058 shares during the period. Institutional investors own 71.29% of the company’s stock.
A number of brokerages recently commented on ADES. ValuEngine upgraded Advanced Emissions Solutions from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. Zacks Investment Research downgraded Advanced Emissions Solutions from a “hold” rating to a “strong sell” rating in a research report on Friday, November 10th. HC Wainwright reiterated a “buy” rating and set a $18.00 price objective on shares of Advanced Emissions Solutions in a research report on Wednesday, November 8th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $20.00 price objective on shares of Advanced Emissions Solutions in a research report on Thursday, September 28th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $17.00.
About Advanced Emissions Solutions
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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