Zacks Investment Research lowered shares of Advanced Emissions Solutions (NASDAQ:ADES) from a strong-buy rating to a hold rating in a research report report published on Tuesday.

According to Zacks, “Advanced Emissions Solutions, Inc. develops, offers and implements environmental technologies, equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations. It operates in three principal business segments: Refined Coal, Emissions Control and CO2 capture. The company also offers dry sorbent injection systems to control SO2 and acid gases. It operates primarily in the United States along with its subsidiaries. Advanced Emissions Solutions, Inc. formerly known as ADA-ES, Inc., is based in Highlands Ranch, Colorado. “

ADES has been the topic of several other reports. ValuEngine downgraded shares of Advanced Emissions Solutions from a hold rating to a sell rating in a research note on Thursday, August 2nd. HC Wainwright reaffirmed a buy rating and set a $18.00 target price on shares of Advanced Emissions Solutions in a research note on Wednesday, August 8th.

Shares of ADES opened at $10.64 on Tuesday. Advanced Emissions Solutions has a fifty-two week low of $7.00 and a fifty-two week high of $12.37. The company has a market cap of $240.54 million, a P/E ratio of 6.96 and a beta of 1.61.

Advanced Emissions Solutions (NASDAQ:ADES) last announced its earnings results on Tuesday, August 7th. The industrial products company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.27. Advanced Emissions Solutions had a net margin of 324.52% and a return on equity of 54.30%. The firm had revenue of $4.27 million for the quarter, compared to the consensus estimate of $4.34 million. As a group, analysts predict that Advanced Emissions Solutions will post 2.3 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. increased its stake in Advanced Emissions Solutions by 16.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 41,301 shares of the industrial products company’s stock worth $470,000 after buying an additional 5,901 shares during the period. Bank of America Corp DE grew its holdings in Advanced Emissions Solutions by 107.8% during the 2nd quarter. Bank of America Corp DE now owns 14,463 shares of the industrial products company’s stock worth $164,000 after acquiring an additional 7,502 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Advanced Emissions Solutions by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 451,393 shares of the industrial products company’s stock worth $5,128,000 after acquiring an additional 7,612 shares in the last quarter. UBS Group AG grew its holdings in Advanced Emissions Solutions by 75.9% during the 1st quarter. UBS Group AG now owns 21,669 shares of the industrial products company’s stock worth $248,000 after acquiring an additional 9,351 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Advanced Emissions Solutions during the 2nd quarter worth approximately $118,000. 75.34% of the stock is currently owned by hedge funds and other institutional investors.

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.

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