Boothbay Fund Management LLC cut its holdings in Advanced Disposal Services Inc. (NYSE:ADSW) by 19.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,628 shares of the company’s stock after selling 3,457 shares during the period. Boothbay Fund Management LLC’s holdings in Advanced Disposal Services were worth $368,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Advanced Disposal Services during the 3rd quarter valued at $119,000. Legal & General Group Plc grew its stake in Advanced Disposal Services by 14.1% during the second quarter. Legal & General Group Plc now owns 6,426 shares of the company’s stock valued at $146,000 after acquiring an additional 795 shares in the last quarter. Parametric Portfolio Associates LLC purchased a new position in Advanced Disposal Services during the second quarter valued at $220,000. Voya Investment Management LLC purchased a new position in Advanced Disposal Services during the second quarter valued at $238,000. Finally, Teacher Retirement System of Texas grew its stake in Advanced Disposal Services by 24.7% during the second quarter. Teacher Retirement System of Texas now owns 12,469 shares of the company’s stock valued at $283,000 after acquiring an additional 2,469 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.
Several research firms recently weighed in on ADSW. KeyCorp began coverage on shares of Advanced Disposal Services in a research note on Thursday, November 30th. They set a “sector weight” rating for the company. Zacks Investment Research raised shares of Advanced Disposal Services from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. BidaskClub raised shares of Advanced Disposal Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Stifel Nicolaus cut shares of Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $26.00 target price for the company. in a research note on Wednesday, October 4th. Finally, Credit Suisse Group cut their target price on shares of Advanced Disposal Services from $28.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Advanced Disposal Services presently has an average rating of “Hold” and a consensus price target of $26.13.
Advanced Disposal Services (NYSE:ADSW) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Advanced Disposal Services had a positive return on equity of 5.84% and a negative net margin of 1.61%. The business had revenue of $392.70 million during the quarter, compared to analysts’ expectations of $383.11 million. During the same period in the previous year, the business earned $0.06 earnings per share. The business’s quarterly revenue was up 8.9% on a year-over-year basis. sell-side analysts anticipate that Advanced Disposal Services Inc. will post 0.51 earnings per share for the current fiscal year.
In other news, major shareholder Highstar Capital Lp sold 19,998,544 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $21.77, for a total value of $435,368,302.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven R. Carn sold 18,666 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $23.07, for a total transaction of $430,624.62. Following the completion of the sale, the chief financial officer now owns 157,737 shares of the company’s stock, valued at approximately $3,638,992.59. The disclosure for this sale can be found here. Insiders sold a total of 20,054,542 shares of company stock valued at $436,731,481 over the last three months. Corporate insiders own 1.20% of the company’s stock.
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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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