Zacks Investment Research downgraded shares of Advanced Emissions Solutions, Inc. (NASDAQ:ADES) from a hold rating to a strong sell rating in a report released on Friday morning.
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 research analysts have also recently issued reports about the stock. HC Wainwright set a $18.00 price objective on shares of Advanced Emissions Solutions and gave the company a buy rating in a report on Wednesday, August 9th. ValuEngine cut shares of Advanced Emissions Solutions from a strong-buy rating to a buy rating in a report on Friday, September 1st. Finally, Canaccord Genuity reissued a buy rating and set a $20.00 target price on shares of Advanced Emissions Solutions in a research note on Thursday, September 28th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $17.00.
Advanced Emissions Solutions (NASDAQ ADES) opened at $11.54 on Friday. The stock has a market cap of $243.79, a P/E ratio of 7.36 and a beta of 2.81. Advanced Emissions Solutions has a 1-year low of $7.65 and a 1-year high of $12.25.
Advanced Emissions Solutions (NASDAQ:ADES) last posted its quarterly earnings data 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 company had revenue of $2.29 million during the quarter, compared to the consensus estimate of $8.30 million. Advanced Emissions Solutions had a net margin of 249.58% and a return on equity of 45.61%. sell-side analysts expect that Advanced Emissions Solutions will post 1.29 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Investors of record on Friday, November 17th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 8.67%. The ex-dividend date is Thursday, November 16th. Advanced Emissions Solutions’s dividend payout ratio is presently 22.99%.
A number of hedge funds have recently added to or reduced their stakes in ADES. Northpointe Capital LLC acquired a new stake in Advanced Emissions Solutions during the second quarter valued at approximately $4,223,000. Apollo Management Holdings L.P. lifted its stake in Advanced Emissions Solutions by 153.4% during the second quarter. Apollo Management Holdings L.P. now owns 633,388 shares of the industrial products company’s stock valued at $5,802,000 after purchasing an additional 383,388 shares during the last quarter. Kestrel Investment Management Corp acquired a new stake in Advanced Emissions Solutions during the third quarter valued at approximately $3,123,000. State Street Corp lifted its position in shares of Advanced Emissions Solutions by 1,604.4% in the 2nd quarter. State Street Corp now owns 253,958 shares of the industrial products company’s stock valued at $2,327,000 after acquiring an additional 239,058 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Advanced Emissions Solutions by 343.5% in the 2nd quarter. Northern Trust Corp now owns 238,983 shares of the industrial products company’s stock valued at $2,189,000 after acquiring an additional 185,102 shares in the last quarter. 70.02% of the stock is owned by institutional investors and hedge funds.
Advanced Emissions Solutions Company Profile
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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