Advanced Emissions Solutions (ADES) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Advanced Emissions Solutions (NASDAQ:ADES) from a strong sell rating to a hold rating in a research note released on Tuesday 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. “

A number of other research analysts also recently issued reports on the company. Canaccord Genuity reiterated a buy rating and issued a $20.00 price target on shares of Advanced Emissions Solutions in a report on Thursday, September 28th. ValuEngine upgraded Advanced Emissions Solutions from a hold rating to a buy rating in a report on Wednesday, December 6th. Finally, HC Wainwright reiterated a buy rating and issued a $18.00 price target on shares of Advanced Emissions Solutions in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $17.00.

Advanced Emissions Solutions (ADES) opened at $8.84 on Tuesday. Advanced Emissions Solutions has a fifty-two week low of $7.65 and a fifty-two week high of $12.25. The stock has a market capitalization of $183.06, a price-to-earnings ratio of 5.53 and a beta of 2.66.

Advanced Emissions Solutions (NASDAQ:ADES) last announced its quarterly earnings results on Monday, November 6th. The industrial products company reported $0.28 earnings per share (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 company had revenue of $2.29 million during the quarter, compared to analysts’ expectations of $8.30 million. analysts expect that Advanced Emissions Solutions will post 1.29 EPS for the current year.

Advanced Emissions Solutions announced that its board has authorized a share buyback program on Monday, December 4th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

In other news, Director Fundamental Advisers Sp L. Alta purchased 262,266 shares of the stock in a transaction on Thursday, December 14th. The stock was bought at an average price of $9.89 per share, with a total value of $2,593,810.74. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Alan Bradley Gabbard sold 10,000 shares of Advanced Emissions Solutions stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $8.17, for a total value of $81,700.00. Following the sale, the director now directly owns 34,480 shares of the company’s stock, valued at approximately $281,701.60. The disclosure for this sale can be found here. 8.49% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Kestrel Investment Management Corp acquired a new stake in Advanced Emissions Solutions during the 3rd quarter worth about $3,123,000. Dimensional Fund Advisors LP acquired a new stake in Advanced Emissions Solutions during the 3rd quarter worth about $206,000. Wells Fargo & Company MN acquired a new stake in Advanced Emissions Solutions during the 3rd quarter worth about $269,000. Dynamic Technology Lab Private Ltd acquired a new stake in Advanced Emissions Solutions during the 3rd quarter worth about $244,000. Finally, Chicago Equity Partners LLC acquired a new position in shares of Advanced Emissions Solutions in the 3rd quarter valued at about $332,000. 71.29% of the stock is owned by institutional investors.

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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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