Advanced Emissions Solutions, Inc. (ADES) Downgraded to Strong Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Advanced Emissions Solutions, Inc. (NASDAQ:ADES) from a hold rating to a strong sell rating in a report issued on Friday.

According to Zacks, “Advanced Emissions Solutions, Inc. develops, offers and implements environmental technologies, equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations. It operates in three principal business segments: Refined Coal, Emissions Control and CO2 capture. The company also offers dry sorbent injection systems to control SO2 and acid gases. It operates primarily in the United States along with its subsidiaries. Advanced Emissions Solutions, Inc. formerly known as ADA-ES, Inc., is based in Highlands Ranch, Colorado. “

Other equities analysts have also recently issued research reports about the stock. Canaccord Genuity restated a buy rating and issued a $20.00 price objective on shares of Advanced Emissions Solutions in a research report on Thursday, September 28th. ValuEngine cut shares of Advanced Emissions Solutions from a strong-buy rating to a buy rating in a research report on Friday, September 1st. Finally, HC Wainwright set a $18.00 price objective on shares of Advanced Emissions Solutions and gave the company a buy rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $17.00.

Advanced Emissions Solutions (NASDAQ ADES) traded up $0.27 during mid-day trading on Friday, hitting $11.56. 109,900 shares of the company’s stock were exchanged, compared to its average volume of 95,476. Advanced Emissions Solutions has a 12-month low of $7.65 and a 12-month high of $12.25. The stock has a market capitalization of $243.79, a PE ratio of 7.36 and a beta of 2.81.

Advanced Emissions Solutions (NASDAQ:ADES) last released its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.43). Advanced Emissions Solutions had a net margin of 249.58% and a return on equity of 45.61%. The firm had revenue of $2.29 million during the quarter, compared to analysts’ expectations of $8.30 million. equities research analysts anticipate that Advanced Emissions Solutions will post 1.29 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Friday, November 17th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 8.65%. The ex-dividend date is Thursday, November 16th. Advanced Emissions Solutions’s dividend payout ratio is currently 22.99%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in shares of Advanced Emissions Solutions by 40.4% during the first quarter. Bank of New York Mellon Corp now owns 16,543 shares of the industrial products company’s stock valued at $158,000 after buying an additional 4,757 shares during the period. Vanguard Group Inc. increased its position in shares of Advanced Emissions Solutions by 1.1% during the first quarter. Vanguard Group Inc. now owns 786,434 shares of the industrial products company’s stock valued at $7,502,000 after buying an additional 8,650 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Advanced Emissions Solutions by 13,343.1% during the second quarter. The Manufacturers Life Insurance Company now owns 17,476 shares of the industrial products company’s stock valued at $160,000 after buying an additional 17,346 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Advanced Emissions Solutions during the third quarter valued at about $244,000. Finally, New York State Common Retirement Fund purchased a new position in shares of Advanced Emissions Solutions during the second quarter valued at about $205,000. Institutional investors own 69.81% of the company’s stock.

About Advanced Emissions Solutions

ADA-ES, Inc (ADA) develops, offers, and implements environmental technologies and provides equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations by enhancing existing air pollution control equipment. ADA’s wholly owned subsidiaries include Advanced Emissions Solutions, Inc, ADA Intellectual Property, LLC and ADA Environmental Solutions, LLC.

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