KeyCorp Initiates Coverage on Advanced Disposal Services (ADSW)
KeyCorp assumed coverage on shares of Advanced Disposal Services (NYSE:ADSW) in a research report issued on Thursday. The firm set a “sector weight” rating on the stock.
Several other equities analysts have also issued reports on the company. Credit Suisse Group decreased their target price on Advanced Disposal Services from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. Stifel Nicolaus lowered Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $26.00 target price on the stock. in a research note on Wednesday, October 4th. BidaskClub lowered Advanced Disposal Services from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Zacks Investment Research raised Advanced Disposal Services from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a research note on Wednesday, October 4th. Finally, Deutsche Bank increased their target price on Advanced Disposal Services from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $26.13.
Advanced Disposal Services (NYSE ADSW) opened at $23.04 on Thursday. Advanced Disposal Services has a 12 month low of $19.23 and a 12 month high of $25.71. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 2.25. The stock has a market capitalization of $2,040.00 and a PE ratio of 41.66.
Advanced Disposal Services (NYSE:ADSW) last posted its earnings results on Wednesday, November 1st. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). Advanced Disposal Services had a positive return on equity of 5.84% and a negative net margin of 1.61%. The firm had revenue of $392.70 million for the quarter, compared to analyst estimates of $383.11 million. During the same period in the previous year, the company posted $0.06 EPS. Advanced Disposal Services’s revenue was up 8.9% on a year-over-year basis. analysts forecast that Advanced Disposal Services will post 0.52 earnings per share for the current year.
In other Advanced Disposal Services news, major shareholder Highstar Capital Lp sold 19,998,544 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $21.77, for a total transaction of $435,368,302.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Steven R. Carn sold 18,666 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $24.60, for a total value of $459,183.60. Following the sale, the insider now owns 176,403 shares in the company, valued at approximately $4,339,513.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,035,876 shares of company stock worth $436,300,856. 1.20% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC purchased a new stake in Advanced Disposal Services during the 3rd quarter worth about $480,000. Magnetar Financial LLC purchased a new stake in Advanced Disposal Services during the 3rd quarter worth about $439,000. Asset Management One Co. Ltd. purchased a new stake in Advanced Disposal Services during the 3rd quarter worth about $8,283,000. Convergence Investment Partners LLC purchased a new stake in Advanced Disposal Services during the 3rd quarter worth about $349,000. Finally, California State Teachers Retirement System increased its holdings in shares of Advanced Disposal Services by 58.3% in the 3rd quarter. California State Teachers Retirement System now owns 69,950 shares of the company’s stock valued at $1,762,000 after acquiring an additional 25,750 shares during the last quarter. Institutional investors own 96.57% of the company’s stock.
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About Advanced Disposal Services
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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