Assenagon Asset Management S.A. lifted its holdings in shares of Advanced Disposal Services Inc (NYSE:ADSW) by 672.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 523,626 shares of the company’s stock after purchasing an additional 455,877 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.59% of Advanced Disposal Services worth $14,180,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tower Research Capital LLC TRC acquired a new stake in Advanced Disposal Services in the 2nd quarter valued at about $100,000. Bank of Montreal Can grew its position in shares of Advanced Disposal Services by 1,329.9% during the 3rd quarter. Bank of Montreal Can now owns 7,364 shares of the company’s stock worth $199,000 after buying an additional 6,849 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Advanced Disposal Services during the 1st quarter worth approximately $230,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Advanced Disposal Services during the 2nd quarter worth approximately $258,000. Finally, PEAK6 Investments L.P. acquired a new stake in shares of Advanced Disposal Services during the 2nd quarter worth approximately $266,000. 98.52% of the stock is owned by institutional investors and hedge funds.
ADSW traded up $0.46 during trading on Thursday, reaching $26.88. The company had a trading volume of 270,923 shares, compared to its average volume of 557,926. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.71 and a current ratio of 0.71. Advanced Disposal Services Inc has a 12 month low of $21.50 and a 12 month high of $27.93. The firm has a market cap of $2.34 billion, a P/E ratio of 57.19, a PEG ratio of 3.44 and a beta of 0.42.
Advanced Disposal Services (NYSE:ADSW) last announced its quarterly earnings results on Wednesday, October 31st. The company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). Advanced Disposal Services had a net margin of 3.16% and a return on equity of 5.71%. The company had revenue of $400.60 million during the quarter, compared to the consensus estimate of $396.26 million. During the same period in the previous year, the firm posted $0.16 EPS. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Advanced Disposal Services Inc will post 0.58 earnings per share for the current fiscal year.
ADSW has been the subject of several analyst reports. Bank of America cut shares of Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a research report on Wednesday, October 24th. They noted that the move was a valuation call. Morgan Stanley initiated coverage on shares of Advanced Disposal Services in a research note on Friday, October 12th. They set a “weight” rating and a $27.00 price objective on the stock. First Analysis lifted their price objective on shares of Advanced Disposal Services to $32.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, September 18th. ValuEngine raised shares of Advanced Disposal Services from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Finally, Oppenheimer reissued a “buy” rating on shares of Advanced Disposal Services in a research note on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $28.14.
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About Advanced Disposal Services
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.
Further Reading: Return on Equity (ROE)
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