Zacks Investment Research upgraded shares of Advanced Disposal Services (NYSE:ADSW) from a sell rating to a hold rating in a report published on Thursday, January 18th.
According to Zacks, “Advanced Disposal Services, Inc. is a waste management company. It offers waste collection, transfer, recycling and disposal services for residential, commercial and industrial customers. The company serves primarily in United States. Advanced Disposal Services, Inc. is based in Ponte Vedra, FL. “
Several other research analysts have also recently weighed in on ADSW. BidaskClub upgraded Advanced Disposal Services from a sell rating to a hold rating in a research report on Wednesday, September 27th. KeyCorp initiated coverage on Advanced Disposal Services in a report on Thursday, November 30th. They issued a sector weight rating on the stock. Stifel Nicolaus lowered Advanced Disposal Services from a buy rating to a hold rating and set a $26.00 price objective on the stock. in a report on Wednesday, October 4th. Finally, Credit Suisse Group dropped their price objective on Advanced Disposal Services from $28.00 to $27.00 and set an outperform rating on the stock in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $26.38.
Shares of Advanced Disposal Services (NYSE:ADSW) traded up $0.24 during mid-day trading on Thursday, reaching $23.21. The company had a trading volume of 440,756 shares, compared to its average volume of 307,574. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $2,053.88, a PE ratio of 41.45, a P/E/G ratio of 2.83 and a beta of -0.35. Advanced Disposal Services has a 52 week low of $20.94 and a 52 week high of $25.71.
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 SEC, which can be accessed through this link. Also, insider Steven R. Carn sold 18,666 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $23.53, for a total value of $439,210.98. Following the transaction, the insider now directly owns 139,071 shares in the company, valued at approximately $3,272,340.63. The disclosure for this sale can be found here. Insiders sold 20,054,542 shares of company stock worth $436,687,056 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc boosted its stake in Advanced Disposal Services by 14.1% during the second quarter. Legal & General Group Plc now owns 6,426 shares of the company’s stock worth $146,000 after buying an additional 795 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Advanced Disposal Services by 11.6% during the second quarter. The Manufacturers Life Insurance Company now owns 21,030 shares of the company’s stock worth $478,000 after buying an additional 2,186 shares during the last quarter. Legato Capital Management LLC raised its position in Advanced Disposal Services by 23.9% in the third quarter. Legato Capital Management LLC now owns 15,110 shares of the company’s stock valued at $381,000 after purchasing an additional 2,910 shares during the period. SG Americas Securities LLC purchased a new stake in Advanced Disposal Services in the third quarter valued at $119,000. Finally, Rhumbline Advisers raised its position in Advanced Disposal Services by 25.4% in the second quarter. Rhumbline Advisers now owns 28,292 shares of the company’s stock valued at $643,000 after purchasing an additional 5,727 shares during the period. 96.09% of the stock is currently owned by institutional investors.
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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