Advanced Disposal Services Inc (NYSE:ADSW) Position Trimmed by Wells Fargo & Company MN

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Wells Fargo & Company MN decreased its holdings in shares of Advanced Disposal Services Inc (NYSE:ADSW) by 42.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 845,609 shares of the company’s stock after selling 624,498 shares during the period. Wells Fargo & Company MN owned about 0.95% of Advanced Disposal Services worth $26,984,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Advisors Asset Management Inc. boosted its position in shares of Advanced Disposal Services by 25.1% in the first quarter. Advisors Asset Management Inc. now owns 3,050 shares of the company’s stock valued at $85,000 after acquiring an additional 611 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Advanced Disposal Services by 52.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,464 shares of the company’s stock worth $174,000 after purchasing an additional 1,890 shares during the last quarter. AlphaCrest Capital Management LLC boosted its holdings in Advanced Disposal Services by 11.4% during the first quarter. AlphaCrest Capital Management LLC now owns 24,400 shares of the company’s stock worth $683,000 after buying an additional 2,500 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in Advanced Disposal Services in the 1st quarter valued at approximately $73,000. Finally, Gamco Investors INC. ET AL raised its position in Advanced Disposal Services by 27.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 12,980 shares of the company’s stock valued at $363,000 after buying an additional 2,823 shares during the last quarter. Hedge funds and other institutional investors own 95.49% of the company’s stock.

Advanced Disposal Services stock traded down $0.01 during trading hours on Thursday, hitting $32.52. 200,537 shares of the stock traded hands, compared to its average volume of 578,775. The firm’s 50-day moving average price is $32.44 and its two-hundred day moving average price is $30.81. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.99. The company has a market cap of $2.89 billion, a PE ratio of 56.07, a PEG ratio of 7.46 and a beta of 0.66. Advanced Disposal Services Inc has a one year low of $22.05 and a one year high of $33.01.

Advanced Disposal Services (NYSE:ADSW) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.08). The firm had revenue of $419.10 million for the quarter, compared to the consensus estimate of $413.26 million. Advanced Disposal Services had a negative net margin of 0.59% and a positive return on equity of 4.08%. The business’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 earnings per share. On average, sell-side analysts expect that Advanced Disposal Services Inc will post 0.44 earnings per share for the current fiscal year.

Several research analysts have recently commented on ADSW shares. Credit Suisse Group downgraded Advanced Disposal Services from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $29.00 to $33.00 in a research note on Friday, May 17th. Zacks Investment Research cut Advanced Disposal Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus cut Advanced Disposal Services from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $30.25.

About Advanced Disposal Services

Advanced Disposal Services, Inc provides non-hazardous solid waste collection, transfer, recycling, and disposal services. The company is involved in the curbside collection of residential refuse from small carts or containers into collection vehicles for transport to a disposal/recycling site. It 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.

Recommended Story: Equal Weight Rating

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Institutional Ownership by Quarter for Advanced Disposal Services (NYSE:ADSW)

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