Canada Pension Plan Investment Board maintained its position in Advanced Disposal Services Inc (NASDAQ:ADSW) during the second quarter, Holdings Channel reports. The firm owned 16,572,106 shares of the company’s stock at the end of the second quarter. Advanced Disposal Services makes up approximately 0.9% of Canada Pension Plan Investment Board’s portfolio, making the stock its 26th largest position. Canada Pension Plan Investment Board owned 0.19% of Advanced Disposal Services worth $376,684,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of ADSW. Stevens Capital Management LP acquired a new stake in Advanced Disposal Services during the first quarter worth $228,000. Legato Capital Management LLC acquired a new stake in Advanced Disposal Services during the second quarter worth $277,000. American International Group Inc. acquired a new stake in Advanced Disposal Services during the first quarter worth $288,000. Nationwide Fund Advisors boosted its stake in Advanced Disposal Services by 15.9% in the first quarter. Nationwide Fund Advisors now owns 13,109 shares of the company’s stock worth $296,000 after buying an additional 1,795 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Advanced Disposal Services during the first quarter worth $345,000.
Shares of Advanced Disposal Services Inc (NASDAQ:ADSW) opened at 23.10 on Thursday. The firm’s market capitalization is $2.04 billion. The stock has a 50 day moving average price of $23.29 and a 200 day moving average price of $22.93. Advanced Disposal Services Inc has a 1-year low of $18.32 and a 1-year high of $24.44.
Advanced Disposal Services (NASDAQ:ADSW) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The company had revenue of $383.10 million during the quarter, compared to the consensus estimate of $372.78 million. Advanced Disposal Services had a negative net margin of 0.05% and a negative return on equity of 0.10%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 earnings per share. Equities research analysts anticipate that Advanced Disposal Services Inc will post $0.57 earnings per share for the current fiscal year.
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A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Advanced Disposal Services from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Tuesday, June 20th. Barclays PLC cut Advanced Disposal Services from an “overweight” rating to an “equal weight” rating and set a $26.00 price target for the company. in a report on Monday. ValuEngine raised Advanced Disposal Services from a “sell” rating to a “hold” rating in a report on Friday, May 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $26.00 price target on shares of Advanced Disposal Services in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $25.27.
In other news, CFO Steven R. Carn sold 18,666 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $22.73, for a total transaction of $424,278.18. Following the completion of the transaction, the chief financial officer now directly owns 251,067 shares in the company, valued at $5,706,752.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven R. Carn sold 55,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $21.87, for a total transaction of $1,202,850.00. Following the transaction, the insider now owns 369,733 shares of the company’s stock, valued at $8,086,060.71. The disclosure for this sale can be found here. Insiders have sold 192,332 shares of company stock valued at $4,400,465 over the last quarter.
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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