Advanced Disposal Services Inc (NYSE:ADSW) CFO Steven R. Carn sold 18,666 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $23.07, for a total transaction of $430,624.62. Following the sale, the chief financial officer now owns 157,737 shares of the company’s stock, valued at $3,638,992.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Advanced Disposal Services Inc (NYSE ADSW) traded up $0.13 during mid-day trading on Friday, reaching $23.94. 261,008 shares of the company’s stock were exchanged, compared to its average volume of 398,568. Advanced Disposal Services Inc has a 12 month low of $20.94 and a 12 month high of $25.71. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 2.25. The stock has a market cap of $2,106.98, a P/E ratio of -85.50, a price-to-earnings-growth ratio of 3.44 and a beta of -0.67.
Advanced Disposal Services (NYSE:ADSW) last released 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). The company had revenue of $392.70 million during the quarter, compared to analysts’ expectations 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 firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 EPS. analysts expect that Advanced Disposal Services Inc will post 0.5 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in ADSW. Vanguard Group Inc. raised its holdings in shares of Advanced Disposal Services by 82.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,048,467 shares of the company’s stock valued at $69,291,000 after purchasing an additional 1,376,582 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Advanced Disposal Services by 83.8% during the 2nd quarter. Alliancebernstein L.P. now owns 2,700,487 shares of the company’s stock valued at $61,382,000 after purchasing an additional 1,231,117 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Advanced Disposal Services by 100.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,894,682 shares of the company’s stock valued at $43,067,000 after purchasing an additional 951,589 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Advanced Disposal Services by 45.3% during the 2nd quarter. Jennison Associates LLC now owns 2,501,228 shares of the company’s stock valued at $56,853,000 after purchasing an additional 779,413 shares in the last quarter. Finally, Citigroup Inc. raised its holdings in shares of Advanced Disposal Services by 1,567.1% during the 2nd quarter. Citigroup Inc. now owns 714,095 shares of the company’s stock valued at $16,231,000 after purchasing an additional 671,261 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.
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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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