Ernest J. Mrozek Purchases 750 Shares of Advanced Disposal Services Inc (ADSW) Stock

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Advanced Disposal Services Inc (NYSE:ADSW) Director Ernest J. Mrozek acquired 750 shares of Advanced Disposal Services stock in a transaction on Monday, November 5th. The stock was acquired at an average cost of $25.26 per share, for a total transaction of $18,945.00. Following the completion of the purchase, the director now owns 8,263 shares of the company’s stock, valued at approximately $208,723.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NYSE ADSW opened at $25.70 on Wednesday. The firm has a market cap of $2.24 billion, a PE ratio of 54.68, a PEG ratio of 2.92 and a beta of 0.42. Advanced Disposal Services Inc has a twelve month low of $21.50 and a twelve month high of $27.93. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 2.02.

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 analysts’ consensus estimates of $0.18 by ($0.01). The firm had revenue of $400.60 million for the quarter, compared to the consensus estimate of $396.26 million. Advanced Disposal Services had a return on equity of 5.71% and a net margin of 3.16%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 earnings per share. As a group, equities analysts anticipate that Advanced Disposal Services Inc will post 0.59 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on the stock. Bank of America cut shares of Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a research note on Wednesday, October 24th. They noted that the move was a valuation call. Morgan Stanley assumed coverage on shares of Advanced Disposal Services in a research report on Friday, October 12th. They set a “weight” rating and a $27.00 price target on the stock. Zacks Investment Research cut shares of Advanced Disposal Services from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. First Analysis lifted their price target on shares of Advanced Disposal Services to $32.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, September 18th. Finally, ValuEngine raised shares of Advanced Disposal Services from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $27.71.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP bought a new stake in Advanced Disposal Services in the 1st quarter valued at $4,581,000. UBS Group AG lifted its position in Advanced Disposal Services by 861.8% in the 1st quarter. UBS Group AG now owns 149,389 shares of the company’s stock valued at $3,329,000 after acquiring an additional 133,856 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Advanced Disposal Services by 12.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 38,287 shares of the company’s stock valued at $854,000 after acquiring an additional 4,306 shares in the last quarter. California State Teachers Retirement System lifted its position in Advanced Disposal Services by 11.7% in the 1st quarter. California State Teachers Retirement System now owns 76,993 shares of the company’s stock valued at $1,715,000 after acquiring an additional 8,056 shares in the last quarter. Finally, Millennium Management LLC lifted its position in Advanced Disposal Services by 36.5% in the 1st quarter. Millennium Management LLC now owns 613,728 shares of the company’s stock valued at $13,674,000 after acquiring an additional 164,135 shares in the last quarter. 97.41% of the stock is currently owned by institutional investors.

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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.

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