Zacks Investment Research Downgrades Advanced Disposal Services (ADSW) to Sell

Zacks Investment Research lowered shares of Advanced Disposal Services (NYSE:ADSW) from a hold rating to a sell rating in a research report released on Tuesday.

According to Zacks, “Advanced Disposal Services, Inc. is a waste management company. It offers waste collection, transfer, recycling and disposal services for residential, commercial and industrial customers. The company serves primarily in United States. Advanced Disposal Services, Inc. is based in Ponte Vedra, FL. “

A number of other research firms have also commented on ADSW. KeyCorp started coverage on Advanced Disposal Services in a research note on Thursday, November 30th. They issued a sector weight rating on the stock. Stifel Nicolaus upgraded Advanced Disposal Services from a hold rating to a buy rating and lifted their price objective for the stock from $26.00 to $28.00 in a research note on Monday, December 11th. BidaskClub upgraded Advanced Disposal Services from a sell rating to a hold rating in a research note on Wednesday, September 27th. Finally, Credit Suisse Group dropped their price objective on Advanced Disposal Services from $28.00 to $27.00 and set an outperform rating on the stock in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Advanced Disposal Services currently has a consensus rating of Hold and a consensus price target of $26.38.

Advanced Disposal Services (ADSW) opened at $23.72 on Tuesday. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $2,100.00 and a PE ratio of -84.71. Advanced Disposal Services has a 12 month low of $20.94 and a 12 month high of $25.71.

Advanced Disposal Services (NYSE:ADSW) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The business had revenue of $392.70 million during the quarter, compared to the consensus estimate of $383.11 million. Advanced Disposal Services had a positive return on equity of 5.84% and a negative net margin of 1.61%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 earnings per share. research analysts predict that Advanced Disposal Services will post 0.5 EPS for the current fiscal year.

In related news, insider Steven R. Carn sold 18,666 shares of Advanced Disposal Services stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $23.53, for a total transaction of $439,210.98. Following the sale, the insider now directly owns 139,071 shares of the company’s stock, valued at $3,272,340.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Highstar Capital Lp sold 19,998,544 shares of Advanced Disposal Services stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $21.77, for a total value of $435,368,302.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,054,542 shares of company stock worth $436,697,322. 1.20% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in ADSW. Russell Investments Group Ltd. grew its position in Advanced Disposal Services by 7,290.4% during the second quarter. Russell Investments Group Ltd. now owns 60,897 shares of the company’s stock worth $1,384,000 after buying an additional 60,073 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Advanced Disposal Services by 73.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 129,136 shares of the company’s stock valued at $2,936,000 after purchasing an additional 54,538 shares in the last quarter. Rhumbline Advisers boosted its holdings in Advanced Disposal Services by 25.4% during the second quarter. Rhumbline Advisers now owns 28,292 shares of the company’s stock valued at $643,000 after purchasing an additional 5,727 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Advanced Disposal Services by 20.3% during the second quarter. Bank of New York Mellon Corp now owns 95,536 shares of the company’s stock valued at $2,172,000 after purchasing an additional 16,106 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Advanced Disposal Services by 14.1% during the second quarter. Legal & General Group Plc now owns 6,426 shares of the company’s stock valued at $146,000 after purchasing an additional 795 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

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About Advanced Disposal Services

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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