Credit Suisse Group reissued their outperform rating on shares of Advanced Disposal Services (NYSE:ADSW) in a report published on Monday morning. The firm currently has a $26.00 price target on the stock, down from their previous price target of $27.00.
Several other brokerages have also recently commented on ADSW. Zacks Investment Research upgraded shares of Advanced Disposal Services from a sell rating to a hold rating in a report on Thursday, January 18th. KeyCorp began coverage on shares of Advanced Disposal Services in a report on Thursday, November 30th. They set a sector weight rating for the company. UBS Group restated a buy rating and set a $27.00 target price (down previously from $29.00) on shares of Advanced Disposal Services in a report on Friday, February 23rd. Finally, Stifel Nicolaus upgraded shares of Advanced Disposal Services from a hold rating to a buy rating and increased their target price for the stock from $26.00 to $28.00 in a report on Monday, December 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $26.57.
Advanced Disposal Services (NYSE ADSW) opened at $22.38 on Monday. The firm has a market cap of $2,005.80, a P/E ratio of 45.94, a PEG ratio of 2.58 and a beta of -0.35. Advanced Disposal Services has a 1-year low of $20.94 and a 1-year high of $25.71. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.25.
In other Advanced Disposal Services news, CFO Steven R. Carn sold 18,666 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $23.07, for a total value of $430,624.62. Following the completion of the sale, the chief financial officer now owns 157,737 shares in the company, valued at $3,638,992.59. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold 55,998 shares of company stock valued at $1,318,753 in the last 90 days. 1.20% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in ADSW. Vanguard Group Inc. lifted its stake in Advanced Disposal Services by 82.3% in the second quarter. Vanguard Group Inc. now owns 3,048,467 shares of the company’s stock valued at $69,291,000 after acquiring an additional 1,376,582 shares during the last quarter. Thrivent Financial For Lutherans acquired a new stake in Advanced Disposal Services in the fourth quarter valued at $14,947,000. JPMorgan Chase & Co. lifted its stake in Advanced Disposal Services by 21.3% in the third quarter. JPMorgan Chase & Co. now owns 2,298,990 shares of the company’s stock valued at $57,751,000 after acquiring an additional 404,308 shares during the last quarter. Monarch Partners Asset Management LLC lifted its stake in Advanced Disposal Services by 109.8% in the fourth quarter. Monarch Partners Asset Management LLC now owns 743,512 shares of the company’s stock valued at $17,800,000 after acquiring an additional 389,049 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Advanced Disposal Services by 33.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,545,856 shares of the company’s stock valued at $37,008,000 after acquiring an additional 386,571 shares during the last quarter.
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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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