Advanced Emissions Solutions, Inc. (NASDAQ:ADES) Director Fundamental Advisers Sp L. Alta bought 262,266 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were bought at an average cost of $9.89 per share, for a total transaction of $2,593,810.74. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Advanced Emissions Solutions, Inc. (ADES) traded down $0.05 during mid-day trading on Friday, reaching $9.97. 641,365 shares of the company traded hands, compared to its average volume of 196,680. The firm has a market capitalization of $211.32, a price-to-earnings ratio of 6.38 and a beta of 2.66. Advanced Emissions Solutions, Inc. has a 1-year low of $7.65 and a 1-year high of $12.25.
Advanced Emissions Solutions (NASDAQ:ADES) last released its earnings results on Monday, November 6th. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.43). The firm had revenue of $2.29 million during the quarter, compared to analyst estimates of $8.30 million. Advanced Emissions Solutions had a net margin of 249.58% and a return on equity of 45.61%. equities research analysts anticipate that Advanced Emissions Solutions, Inc. will post 1.29 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 6th. Investors of record on Friday, November 17th were issued a $0.25 dividend. The ex-dividend date was Thursday, November 16th. This represents a $1.00 annualized dividend and a yield of 10.03%. Advanced Emissions Solutions’s payout ratio is 22.99%.
Advanced Emissions Solutions declared that its board has initiated a stock repurchase plan on Monday, December 4th that permits the company to repurchase $10.00 million in outstanding shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
Hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its holdings in Advanced Emissions Solutions by 13,343.1% in 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. Dimensional Fund Advisors LP acquired a new position in shares of Advanced Emissions Solutions during the third quarter valued at about $206,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Advanced Emissions Solutions during the third quarter valued at about $244,000. New York State Common Retirement Fund acquired a new position in shares of Advanced Emissions Solutions during the second quarter valued at about $205,000. Finally, Rhumbline Advisers acquired a new position in shares of Advanced Emissions Solutions during the second quarter valued at about $211,000. Institutional investors and hedge funds own 71.29% of the company’s stock.
Several analysts recently weighed in on ADES shares. ValuEngine cut shares of Advanced Emissions Solutions from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Canaccord Genuity reissued a “buy” rating and issued a $20.00 price objective on shares of Advanced Emissions Solutions in a research note on Thursday, September 28th. HC Wainwright reissued a “buy” rating and issued a $18.00 price objective on shares of Advanced Emissions Solutions in a research note on Wednesday, November 8th. Finally, Zacks Investment Research cut shares of Advanced Emissions Solutions from a “hold” rating to a “strong sell” rating in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $17.00.
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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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