Renaissance Technologies LLC purchased a new stake in Advanced Disposal Services Inc (NASDAQ:ADSW) during the first quarter, Holdings Channel reports. The institutional investor purchased 158,800 shares of the company’s stock, valued at approximately $3,589,000.
Several other hedge funds also recently added to or reduced their stakes in ADSW. Geode Capital Management LLC increased its stake in Advanced Disposal Services by 7.0% in the first quarter. Geode Capital Management LLC now owns 180,874 shares of the company’s stock valued at $4,087,000 after buying an additional 11,801 shares during the period. Vanguard Group Inc. increased its stake in Advanced Disposal Services by 48.3% in the first quarter. Vanguard Group Inc. now owns 1,671,885 shares of the company’s stock valued at $37,784,000 after buying an additional 544,257 shares during the period. Marshall Wace North America L.P. bought a new stake in Advanced Disposal Services during the first quarter valued at about $10,587,000. MARSHALL WACE ASIA Ltd bought a new stake in Advanced Disposal Services during the first quarter valued at about $10,587,000. Finally, Brant Point Investment Management LLC increased its stake in Advanced Disposal Services by 15.4% in the first quarter. Brant Point Investment Management LLC now owns 164,400 shares of the company’s stock valued at $3,715,000 after buying an additional 22,000 shares during the period.
Advanced Disposal Services Inc (ADSW) traded down 0.17% during trading on Thursday, hitting $23.06. The company had a trading volume of 5,761 shares. The stock’s market capitalization is $2.04 billion. The stock has a 50-day moving average of $23.29 and a 200-day moving average of $22.93. Advanced Disposal Services Inc has a one year low of $18.32 and a one year high of $24.44.
Advanced Disposal Services (NASDAQ:ADSW) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Advanced Disposal Services had a negative return on equity of 0.10% and a negative net margin of 0.05%. The company had revenue of $383.10 million during the quarter, compared to analysts’ expectations of $372.78 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. On average, equities analysts anticipate that Advanced Disposal Services Inc will post $0.57 EPS for the current year.
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Several analysts have recently issued reports on the company. Zacks Investment Research downgraded Advanced Disposal Services from a “hold” rating to a “sell” rating in a research note on Tuesday. Deutsche Bank AG upped their price target on Advanced Disposal Services from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Monday. Barclays PLC downgraded Advanced Disposal Services from an “overweight” rating to an “equal weight” rating and set a $26.00 price target for the company. in a research note on Monday. Finally, Stifel Nicolaus reissued a “buy” rating and set a $26.00 price objective on shares of Advanced Disposal Services in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $25.27.
In other news, insider Steven R. Carn sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $23.37, for a total transaction of $1,051,650.00. Following the completion of the sale, the insider now owns 324,733 shares in the company, valued at $7,589,010.21. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Steven R. Carn sold 18,666 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $22.73, for a total value of $424,278.18. Following the sale, the chief financial officer now owns 251,067 shares of the company’s stock, valued at approximately $5,706,752.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 192,332 shares of company stock valued at $4,400,465.
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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