Advanced Disposal Services Inc (NYSE:ADSW) Holdings Lifted by Wells Fargo & Company MN

Wells Fargo & Company MN raised its stake in Advanced Disposal Services Inc (NYSE:ADSW) by 19.4% during the first quarter, Holdings Channel reports. The institutional investor owned 1,470,107 shares of the company’s stock after purchasing an additional 238,618 shares during the quarter. Wells Fargo & Company MN’s holdings in Advanced Disposal Services were worth $41,163,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Bronfman E.L. Rothschild L.P. increased its stake in Advanced Disposal Services by 2.6% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 19,940 shares of the company’s stock worth $477,000 after purchasing an additional 500 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Advanced Disposal Services by 43.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,157 shares of the company’s stock worth $52,000 after buying an additional 650 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Advanced Disposal Services by 20.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,527 shares of the company’s stock worth $108,000 after buying an additional 783 shares during the period. Eagle Asset Management Inc. increased its stake in shares of Advanced Disposal Services by 0.6% during the fourth quarter. Eagle Asset Management Inc. now owns 154,359 shares of the company’s stock worth $3,695,000 after buying an additional 918 shares during the period. Finally, United Services Automobile Association increased its stake in shares of Advanced Disposal Services by 0.8% during the fourth quarter. United Services Automobile Association now owns 171,137 shares of the company’s stock worth $4,097,000 after buying an additional 1,353 shares during the period. Institutional investors own 98.09% of the company’s stock.

Several research analysts have issued reports on the company. Stifel Nicolaus upgraded Advanced Disposal Services from a “hold” rating to a “buy” rating in a research report on Monday, April 15th. Bank of America cut Advanced Disposal Services from a “neutral” rating to an “underperform” rating and set a $27.00 price target for the company. in a research report on Tuesday, February 19th. Credit Suisse Group cut Advanced Disposal Services from an “outperform” rating to a “neutral” rating and raised their price target for the company from $29.00 to $33.00 in a research report on Friday, May 17th. Deutsche Bank cut Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a research report on Tuesday, April 23rd. Finally, UBS Group cut Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a research report on Wednesday, May 1st. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $30.25.

Shares of ADSW stock traded down $0.05 during mid-day trading on Wednesday, reaching $32.07. The stock had a trading volume of 5,615 shares, compared to its average volume of 918,174. Advanced Disposal Services Inc has a 12-month low of $22.05 and a 12-month high of $33.01. The stock has a market cap of $2.85 billion, a P/E ratio of 55.30, a P/E/G ratio of 5.69 and a beta of 0.75. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.99.

Advanced Disposal Services (NYSE:ADSW) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). The firm had revenue of $384.00 million during the quarter, compared to analysts’ expectations of $376.19 million. Advanced Disposal Services had a net margin of 0.08% and a return on equity of 4.99%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.02 EPS. On average, sell-side analysts anticipate that Advanced Disposal Services Inc will post 0.57 earnings per share for the current year.

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Advanced Disposal Services Profile

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.

See Also: Exchange-Traded Funds (ETFs)

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

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