Nationwide Fund Advisors grew its holdings in Advanced Disposal Services Inc (NYSE:ADSW) by 23.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 51,305 shares of the company’s stock after buying an additional 9,658 shares during the quarter. Nationwide Fund Advisors owned approximately 0.06% of Advanced Disposal Services worth $1,292,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ADSW. Legal General Group Plc raised its position 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 acquiring an additional 795 shares in the last quarter. Parametric Portfolio Associates LLC bought a new position in shares of Advanced Disposal Services in the 2nd quarter worth approximately $220,000. Voya Investment Management LLC bought a new position in shares of Advanced Disposal Services in the 2nd quarter worth approximately $238,000. Prudential Financial Inc. bought a new position in shares of Advanced Disposal Services in the 2nd quarter worth approximately $354,000. Finally, Verition Fund Management LLC raised its position in shares of Advanced Disposal Services by 86.7% in the 2nd quarter. Verition Fund Management LLC now owns 17,172 shares of the company’s stock worth $390,000 after acquiring an additional 7,975 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.
Several research analysts have recently issued reports on ADSW shares. Stifel Nicolaus raised Advanced Disposal Services from a “hold” rating to a “buy” rating and increased their target price for the stock from $26.00 to $28.00 in a research report on Monday, December 11th. BidaskClub raised Advanced Disposal Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Zacks Investment Research lowered Advanced Disposal Services from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 6th. Credit Suisse Group decreased their target price on Advanced Disposal Services from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. Finally, KeyCorp started coverage on Advanced Disposal Services in a research report on Thursday, November 30th. They issued a “sector weight” rating for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Advanced Disposal Services has a consensus rating of “Hold” and an average target price of $26.38.
In other Advanced Disposal Services news, insider Steven R. Carn sold 18,666 shares of Advanced Disposal Services stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $24.60, for a total value of $459,183.60. Following the completion of the sale, the insider now owns 176,403 shares of the company’s stock, valued at approximately $4,339,513.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Highstar Capital Lp sold 19,998,544 shares of Advanced Disposal Services stock in a transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,054,542 shares of company stock valued at $436,697,322. 1.20% of the stock is owned by corporate insiders.
Advanced Disposal Services Inc (NYSE ADSW) opened at $23.57 on Thursday. Advanced Disposal Services Inc has a 52-week low of $20.94 and a 52-week high of $25.71. 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 firm has a market capitalization of $2,090.00 and a P/E ratio of -84.18.
Advanced Disposal Services (NYSE:ADSW) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). Advanced Disposal Services had a negative net margin of 1.61% and a positive return on equity of 5.84%. The company had revenue of $392.70 million for the quarter, compared to the consensus estimate of $383.11 million. During the same period last year, the business earned $0.06 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. equities analysts forecast that Advanced Disposal Services Inc will post 0.5 earnings per share for the current year.
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Advanced Disposal Services 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 (CI) 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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