Advanced Disposal (ADSW) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Advanced Disposal (NYSE:ADSW) from a sell rating to a hold rating in a research note issued to investors on Friday.

According to Zacks, “Advanced Disposal Services, Inc. is a waste management company. It offers waste collection, transfer, recycling and disposal services for residential, commercial and industrial customers. The company serves primarily in United States. Advanced Disposal Services, Inc. is based in Ponte Vedra, FL. “

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A number of other research analysts have also issued reports on the stock. Credit Suisse Group reiterated an outperform rating and issued a $26.00 target price (down from $27.00) on shares of Advanced Disposal in a research note on Monday, February 26th. UBS restated a buy rating and issued a $27.00 price target (down from $29.00) on shares of Advanced Disposal in a research report on Friday, February 23rd. Finally, Stifel Nicolaus upgraded shares of Advanced Disposal from a hold rating to a buy rating and raised their price target for the stock from $26.00 to $28.00 in a research report on Monday, December 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $26.50.

NYSE:ADSW opened at $22.33 on Friday. Advanced Disposal has a 1 year low of $20.94 and a 1 year high of $25.71. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.13. The firm has a market capitalization of $1,976.38, a P/E ratio of 47.51, a PEG ratio of 2.59 and a beta of 0.57.

Advanced Disposal (NYSE:ADSW) last posted its earnings results on Thursday, February 22nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). Advanced Disposal had a net margin of 2.54% and a return on equity of 5.03%. The firm had revenue of $384.40 million during the quarter, compared to analyst estimates of $374.30 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. research analysts forecast that Advanced Disposal will post 0.56 EPS for the current year.

In other Advanced Disposal news, Director Ernest J. Mrozek bought 1,500 shares of the firm’s stock in a transaction dated Thursday, March 8th. The shares were acquired at an average cost of $22.63 per share, for a total transaction of $33,945.00. Following the transaction, the director now owns 5,263 shares in the company, valued at $119,101.69. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven R. Carn sold 18,666 shares of Advanced Disposal stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $21.92, for a total transaction of $409,158.72. Following the sale, the chief financial officer now owns 161,329 shares in the company, valued at $3,536,331.68. The disclosure for this sale can be found here. Insiders sold a total of 52,752 shares of company stock worth $1,199,166 over the last 90 days. Company insiders own 1.20% of the company’s stock.

Several institutional investors have recently modified their holdings of ADSW. Nationwide Fund Advisors boosted its position in shares of Advanced Disposal by 23.2% during the 3rd quarter. Nationwide Fund Advisors now owns 51,305 shares of the company’s stock valued at $1,292,000 after acquiring an additional 9,658 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Advanced Disposal by 67.0% during the 3rd quarter. Rhumbline Advisers now owns 47,254 shares of the company’s stock valued at $1,190,000 after acquiring an additional 18,962 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Advanced Disposal by 55.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 148,855 shares of the company’s stock valued at $3,750,000 after acquiring an additional 53,319 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Advanced Disposal during the 3rd quarter valued at about $119,000. Finally, Ameriprise Financial Inc. boosted its position in shares of Advanced Disposal by 25.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 90,040 shares of the company’s stock valued at $2,268,000 after acquiring an additional 18,100 shares in the last quarter.

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Advanced Disposal Company Profile

Advanced Disposal Services, Inc provides non-hazardous solid waste collection, transfer, recycling, and disposal services. It is involved in the curbside collection of residential refuse from small carts or containers into collection vehicles for transport to a disposal/recycling site. The company also supplies commercial and industrial customers with waste containers; rents or sells compactors to large waste generators; and provides roll-off containers, as well as waste collection, transportation, and disposal services to construction and demolition sites.

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