Advanced Disposal Services Inc (NYSE:ADSW) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $32.99 and last traded at $32.29, with a volume of 718079 shares traded. The stock had previously closed at $27.14.
Several research analysts have recently issued reports on the company. Stifel Nicolaus raised Advanced Disposal Services from a “hold” rating to a “buy” rating in a research note on Monday. UBS Group increased their price target on Advanced Disposal Services from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Zacks Investment Research lowered Advanced Disposal Services from a “buy” rating to a “hold” rating in a report on Monday, March 4th. Bank of America lowered Advanced Disposal Services from a “neutral” rating to an “underperform” rating and set a $27.00 price objective for the company. in a report on Tuesday, February 19th. Finally, KeyCorp initiated coverage on Advanced Disposal Services in a report on Monday, February 4th. They issued a “sector weight” rating for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $29.29.
The company has a debt-to-equity ratio of 1.99, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 55.15, a price-to-earnings-growth ratio of 5.37 and a beta of 0.73.
Advanced Disposal Services (NYSE:ADSW) last announced its quarterly earnings data on Thursday, February 21st. The company reported $0.13 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. The business had revenue of $394.80 million during the quarter, compared to analyst estimates of $386.64 million. Advanced Disposal Services had a return on equity of 5.69% and a net margin of 0.60%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Research analysts forecast that Advanced Disposal Services Inc will post 0.6 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in ADSW. Bank of New York Mellon Corp lifted its holdings in shares of Advanced Disposal Services by 47.7% during the second quarter. Bank of New York Mellon Corp now owns 231,080 shares of the company’s stock valued at $5,726,000 after purchasing an additional 74,657 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Advanced Disposal Services by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 5,555,920 shares of the company’s stock valued at $150,454,000 after purchasing an additional 643,481 shares during the last quarter. Martingale Asset Management L P lifted its holdings in shares of Advanced Disposal Services by 21.7% during the third quarter. Martingale Asset Management L P now owns 209,924 shares of the company’s stock valued at $5,685,000 after purchasing an additional 37,400 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Advanced Disposal Services by 7.8% during the third quarter. BlackRock Inc. now owns 4,736,397 shares of the company’s stock valued at $128,262,000 after purchasing an additional 341,641 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Advanced Disposal Services by 43.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,038,961 shares of the company’s stock valued at $28,135,000 after purchasing an additional 315,373 shares during the last quarter.
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Advanced Disposal Services Company Profile (NYSE:ADSW)
Advanced Disposal Services, Inc provides non-hazardous solid waste collection, transfer, recycling, and disposal services. It is involved in the curbside collection of residential refuse from small carts or containers into collection vehicles for transport to a disposal/recycling site. The company 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.
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