Bank of Montreal Can acquired a new stake in Advanced Disposal Services Inc (NASDAQ:ADSW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 107,210 shares of the company’s stock, valued at approximately $2,437,000.

Several other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. increased its position in shares of Advanced Disposal Services by 40.9% in the first quarter. Ameriprise Financial Inc. now owns 59,250 shares of the company’s stock valued at $1,339,000 after buying an additional 17,200 shares in the last quarter. Three Peaks Capital Management LLC increased its position in shares of Advanced Disposal Services by 75.4% in the first quarter. Three Peaks Capital Management LLC now owns 288,775 shares of the company’s stock valued at $6,526,000 after buying an additional 124,143 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Advanced Disposal Services by 13.7% in the first quarter. Bank of New York Mellon Corp now owns 79,430 shares of the company’s stock valued at $1,796,000 after buying an additional 9,595 shares in the last quarter. American Century Companies Inc. increased its position in shares of Advanced Disposal Services by 3.5% in the first quarter. American Century Companies Inc. now owns 350,351 shares of the company’s stock valued at $7,918,000 after buying an additional 11,926 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of Advanced Disposal Services during the first quarter valued at about $1,674,000.

Shares of Advanced Disposal Services Inc (NASDAQ:ADSW) traded up 0.48% during midday trading on Friday, reaching $23.11. The company had a trading volume of 169,860 shares. The company’s market capitalization is $2.04 billion. The firm’s 50 day moving average price is $23.29 and its 200-day moving average price is $22.94. Advanced Disposal Services Inc has a 12 month low of $18.32 and a 12 month high of $24.82.

Advanced Disposal Services (NASDAQ:ADSW) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.04. Advanced Disposal Services had a negative net margin of 0.05% and a negative return on equity of 0.10%. The business had revenue of $383.10 million for the quarter, compared to analysts’ expectations of $372.78 million. During the same period in the prior year, the firm earned $0.10 earnings per share. Advanced Disposal Services’s revenue was up 7.0% compared to the same quarter last year. Analysts anticipate that Advanced Disposal Services Inc will post $0.57 earnings per share for the current fiscal year.

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Several brokerages recently commented on ADSW. Zacks Investment Research cut Advanced Disposal Services from a “buy” rating to a “hold” rating in a report on Tuesday, May 30th. Deutsche Bank AG boosted their target price on Advanced Disposal Services from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Monday. Stifel Nicolaus reissued a “buy” rating and set a $26.00 target price on shares of Advanced Disposal Services in a report on Friday, July 28th. Finally, CIBC reissued a “buy” rating on shares of Advanced Disposal Services in a report on Monday, May 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $25.27.

In other news, insider Steven R. Carn sold 55,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $21.87, for a total transaction of $1,202,850.00. Following the sale, the insider now directly owns 369,733 shares of the company’s stock, valued at $8,086,060.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven R. Carn sold 45,000 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $23.37, for a total transaction of $1,051,650.00. Following the sale, the insider now directly owns 324,733 shares in the company, valued at $7,589,010.21. The disclosure for this sale can be found here. Insiders have sold 192,332 shares of company stock worth $4,400,465 over the last three months.

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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Institutional Ownership by Quarter for Advanced Disposal Services (NASDAQ:ADSW)

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