Nuveen Asset Management LLC purchased a new stake in shares of Advanced Disposal Services Inc (NYSE:ADSW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 393,830 shares of the company’s stock, valued at approximately $12,567,000.
Several other institutional investors and hedge funds have also modified their holdings of ADSW. Allianz Asset Management GmbH grew its holdings in Advanced Disposal Services by 1,967.5% during the second quarter. Allianz Asset Management GmbH now owns 905,800 shares of the company’s stock worth $28,903,000 after acquiring an additional 861,988 shares during the period. Panagora Asset Management Inc. acquired a new position in Advanced Disposal Services during the second quarter worth about $1,746,000. Havens Advisors LLC acquired a new position in Advanced Disposal Services during the second quarter worth about $3,494,000. Aperio Group LLC acquired a new position in Advanced Disposal Services during the second quarter worth about $315,000. Finally, WINTON GROUP Ltd acquired a new position in Advanced Disposal Services during the second quarter worth about $567,000. 96.61% of the stock is currently owned by institutional investors.
ADSW has been the topic of a number of research analyst reports. Zacks Investment Research lowered Advanced Disposal Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. ValuEngine lowered Advanced Disposal Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Stifel Nicolaus lowered Advanced Disposal Services from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $30.00.
NYSE:ADSW opened at $32.61 on Friday. 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 Inc has a 1-year low of $22.05 and a 1-year high of $33.01. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 56.22, a price-to-earnings-growth ratio of 7.48 and a beta of 0.66. The stock has a fifty day simple moving average of $32.54 and a 200 day simple moving average of $31.81.
Advanced Disposal Services (NYSE:ADSW) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.08). Advanced Disposal Services had a negative net margin of 0.59% and a positive return on equity of 4.08%. The company had revenue of $419.10 million during the quarter, compared to analyst estimates of $413.26 million. During the same quarter last year, the business earned $0.19 EPS. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts predict that Advanced Disposal Services Inc will post 0.44 earnings per share for the current year.
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.
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