Advanced Disposal Services Inc (NASDAQ:ADSW) CFO Steven R. Carn sold 18,666 shares of Advanced Disposal Services stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $22.73, for a total value of $424,278.18. Following the sale, the chief financial officer now directly owns 251,067 shares of the company’s stock, valued at $5,706,752.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Advanced Disposal Services Inc (NASDAQ:ADSW) opened at 23.25 on Tuesday. The firm’s market cap is $2.05 billion. The firm’s 50 day moving average price is $22.96 and its 200-day moving average price is $22.56. Advanced Disposal Services Inc has a one year low of $18.32 and a one year high of $24.10.
Advanced Disposal Services (NASDAQ:ADSW) last released its earnings results on Thursday, May 4th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.06. Advanced Disposal Services had a negative net margin of 2.01% and a negative return on equity of 3.39%. The company had revenue of $347.40 million during the quarter, compared to the consensus estimate of $341.08 million. The company’s revenue was up 4.1% on a year-over-year basis. Equities analysts predict that Advanced Disposal Services Inc will post $0.47 EPS for the current fiscal year.
Several brokerages recently weighed in on ADSW. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Advanced Disposal Services in a research note on Thursday, May 4th. Zacks Investment Research raised Advanced Disposal Services from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Wednesday, May 31st. CIBC reissued a “buy” rating on shares of Advanced Disposal Services in a report on Monday, May 15th. Finally, ValuEngine raised Advanced Disposal Services from a “sell” rating to a “hold” rating in a report on Friday, May 19th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Advanced Disposal Services currently has an average rating of “Buy” and an average price target of $24.82.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Stevens Capital Management LP purchased a new position in Advanced Disposal Services during the first quarter worth about $228,000. American International Group Inc. purchased a new position in Advanced Disposal Services during the first quarter worth about $288,000. Nationwide Fund Advisors raised its position 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 during the last quarter. Quantitative Systematic Strategies LLC purchased a new position in Advanced Disposal Services during the first quarter worth about $345,000. Finally, Highbridge Capital Management LLC purchased a new position in Advanced Disposal Services during the first quarter worth about $349,000.
About Advanced Disposal Services
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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