ValuEngine downgraded shares of Advanced Emissions Solutions (NASDAQ:ADES) from a buy rating to a hold rating in a report released on Monday.

ADES has been the topic of several other reports. HC Wainwright set a $18.00 price target on Advanced Emissions Solutions and gave the company a buy rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered Advanced Emissions Solutions from a buy rating to a hold rating in a research note on Monday, August 14th. Finally, Canaccord Genuity restated a buy rating and set a $20.00 price target on shares of Advanced Emissions Solutions in a research note on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Advanced Emissions Solutions currently has an average rating of Hold and an average price target of $17.00.

Advanced Emissions Solutions (NASDAQ ADES) opened at $9.42 on Monday. Advanced Emissions Solutions has a 12-month low of $7.65 and a 12-month high of $12.25. The firm has a market capitalization of $206.89, a PE ratio of 6.25 and a beta of 2.81.

Advanced Emissions Solutions (NASDAQ:ADES) last issued its quarterly earnings results on Monday, November 6th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $2.29 million for the quarter, compared to the consensus estimate of $8.30 million. equities research analysts anticipate that Advanced Emissions Solutions will post 1.29 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Friday, November 17th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.00 annualized dividend and a dividend yield of 10.62%. Advanced Emissions Solutions’s dividend payout ratio is currently 22.99%.

Several hedge funds have recently added to or reduced their stakes in ADES. Bank of New York Mellon Corp grew its position in Advanced Emissions Solutions by 40.4% during the 1st quarter. Bank of New York Mellon Corp now owns 16,543 shares of the industrial products company’s stock worth $158,000 after acquiring an additional 4,757 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Advanced Emissions Solutions by 13,343.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,476 shares of the industrial products company’s stock worth $160,000 after acquiring an additional 17,346 shares during the last quarter. New York State Common Retirement Fund bought a new stake in Advanced Emissions Solutions during the 2nd quarter worth approximately $205,000. Dimensional Fund Advisors LP bought a new stake in Advanced Emissions Solutions during the 3rd quarter worth approximately $206,000. Finally, Rhumbline Advisers bought a new stake in Advanced Emissions Solutions during the 2nd quarter worth approximately $211,000. Institutional investors own 71.29% of the company’s stock.

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Advanced Emissions Solutions Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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