Northern Trust Corp Has $19.56 Million Holdings in Advanced Disposal Services Inc (ADSW)

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Northern Trust Corp raised its holdings in Advanced Disposal Services Inc (NYSE:ADSW) by 36.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 789,414 shares of the company’s stock after acquiring an additional 212,542 shares during the period. Northern Trust Corp owned 0.89% of Advanced Disposal Services worth $19,562,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp boosted its position in Advanced Disposal Services by 47.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 231,080 shares of the company’s stock valued at $5,726,000 after buying an additional 74,657 shares during the last quarter. Schroder Investment Management Group boosted its position in Advanced Disposal Services by 1.4% in the 2nd quarter. Schroder Investment Management Group now owns 902,245 shares of the company’s stock valued at $22,529,000 after buying an additional 12,078 shares during the last quarter. California Public Employees Retirement System purchased a new position in Advanced Disposal Services in the 2nd quarter valued at about $477,000. Castleark Management LLC purchased a new position in Advanced Disposal Services in the 2nd quarter valued at about $7,128,000. Finally, Granahan Investment Management Inc. MA boosted its position in Advanced Disposal Services by 18.0% in the 2nd quarter. Granahan Investment Management Inc. MA now owns 152,230 shares of the company’s stock valued at $3,772,000 after buying an additional 23,181 shares during the last quarter. Institutional investors own 96.76% of the company’s stock.

NYSE:ADSW opened at $27.09 on Thursday. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 57.64, a PEG ratio of 2.93 and a beta of 0.61. Advanced Disposal Services Inc has a 1-year low of $21.50 and a 1-year high of $27.93.

Advanced Disposal Services (NYSE:ADSW) last posted its quarterly earnings data on Wednesday, October 31st. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Advanced Disposal Services had a net margin of 3.72% and a return on equity of 5.68%. The firm had revenue of $400.60 million during the quarter, compared to analysts’ expectations of $396.26 million. During the same period in the previous year, the company earned $0.16 earnings per share. The business’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, sell-side analysts expect that Advanced Disposal Services Inc will post 0.61 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Advanced Disposal Services from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Wednesday, July 4th. ValuEngine raised shares of Advanced Disposal Services from a “hold” rating to a “buy” rating in a research report on Wednesday. Oppenheimer reissued a “buy” rating on shares of Advanced Disposal Services in a research report on Wednesday. Bank of America cut shares of Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $27.00 price objective for the company. in a research report on Wednesday, October 24th. They noted that the move was a valuation call. Finally, Morgan Stanley assumed coverage on shares of Advanced Disposal Services in a research report on Friday, October 12th. They issued a “weight” rating and a $27.00 price objective for the company. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $27.86.

Advanced Disposal Services Profile

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.

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Institutional Ownership by Quarter for Advanced Disposal Services (NYSE:ADSW)

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