Jennison Associates LLC increased its position in shares of Advanced Disposal Services Inc (NASDAQ:ADSW) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,529,995 shares of the company’s stock after buying an additional 28,767 shares during the quarter. Jennison Associates LLC’s holdings in Advanced Disposal Services were worth $63,731,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Advanced Disposal Services by 82.3% during the second quarter. Vanguard Group Inc. now owns 3,048,467 shares of the company’s stock worth $69,291,000 after buying an additional 1,376,582 shares in the last quarter. Alliancebernstein L.P. grew its position in Advanced Disposal Services by 83.8% during the second quarter. Alliancebernstein L.P. now owns 2,700,487 shares of the company’s stock worth $61,382,000 after buying an additional 1,231,117 shares in the last quarter. Fairview Capital Investment Management LLC grew its position in Advanced Disposal Services by 20.4% during the second quarter. Fairview Capital Investment Management LLC now owns 2,064,100 shares of the company’s stock worth $46,917,000 after buying an additional 350,000 shares in the last quarter. FMR LLC grew its position in Advanced Disposal Services by 33.1% during the second quarter. FMR LLC now owns 1,949,624 shares of the company’s stock worth $44,315,000 after buying an additional 485,048 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Advanced Disposal Services by 100.9% during the second quarter. JPMorgan Chase & Co. now owns 1,894,682 shares of the company’s stock worth $43,067,000 after buying an additional 951,589 shares in the last quarter.
A number of research firms have weighed in on ADSW. Stifel Nicolaus reaffirmed a “buy” rating and set a $26.00 price objective on shares of Advanced Disposal Services in a report on Friday, July 28th. Barclays PLC downgraded Advanced Disposal Services from an “overweight” rating to an “equal weight” rating and set a $26.00 price objective on the stock. in a report on Monday, August 7th. Deutsche Bank AG lifted their price objective on Advanced Disposal Services from $25.00 to $26.00 and gave the company a “buy” rating in a report on Monday, August 7th. Zacks Investment Research downgraded Advanced Disposal Services from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, BidaskClub raised Advanced Disposal Services from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. One 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. The stock currently has a consensus rating of “Hold” and an average price target of $26.13.
Shares of Advanced Disposal Services Inc (NASDAQ ADSW) opened at $22.82 on Tuesday. Advanced Disposal Services Inc has a 1-year low of $19.23 and a 1-year high of $25.71.
Advanced Disposal Services (NASDAQ:ADSW) last posted its earnings results on Wednesday, November 1st. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Advanced Disposal Services had a negative net margin of 0.05% and a negative return on equity of 0.10%. The firm had revenue of $392.70 million during the quarter, compared to the consensus estimate of $383.11 million. During the same quarter last year, the firm posted $0.06 EPS. The business’s revenue was up 8.9% on a year-over-year basis.
In other news, insider Steven R. Carn sold 18,666 shares of Advanced Disposal Services stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $25.36, for a total value of $473,369.76. Following the completion of the transaction, the insider now owns 195,069 shares in the company, valued at $4,946,949.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 55,998 shares of company stock valued at $1,378,484 in the last quarter.
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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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