Renaissance Technologies LLC Grows Stock Holdings in Advanced Disposal Services Inc (NYSE:ADSW)

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Renaissance Technologies LLC lifted its holdings in Advanced Disposal Services Inc (NYSE:ADSW) by 5.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,408,000 shares of the company’s stock after buying an additional 77,500 shares during the quarter. Renaissance Technologies LLC’s holdings in Advanced Disposal Services were worth $44,929,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Water Island Capital LLC acquired a new position in Advanced Disposal Services during the 2nd quarter worth approximately $60,737,000. Alpine Associates Management Inc. purchased a new position in shares of Advanced Disposal Services in the second quarter valued at $79,546,000. Bank of New York Mellon Corp boosted its stake in shares of Advanced Disposal Services by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 272,553 shares of the company’s stock valued at $8,697,000 after purchasing an additional 11,969 shares during the period. Quantamental Technologies LLC acquired a new stake in Advanced Disposal Services during the 2nd quarter valued at $193,000. Finally, Ontario Teachers Pension Plan Board acquired a new stake in Advanced Disposal Services during the 2nd quarter valued at $4,787,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Shares of Advanced Disposal Services stock traded up $0.03 on Wednesday, hitting $32.54. 22,280 shares of the company’s stock traded hands, compared to its average volume of 634,985. Advanced Disposal Services Inc has a 52-week low of $22.05 and a 52-week high of $33.01. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 1.99. The stock has a market cap of $2.89 billion, a P/E ratio of 56.10, a PEG ratio of 7.45 and a beta of 0.66. The firm’s 50-day moving average is $32.46 and its 200 day moving average is $30.97.

Advanced Disposal Services (NYSE:ADSW) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.08). The company had revenue of $419.10 million during the quarter, compared to the consensus estimate of $413.26 million. Advanced Disposal Services had a positive return on equity of 4.08% and a negative net margin of 0.59%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 EPS. Equities research analysts forecast that Advanced Disposal Services Inc will post 0.44 EPS for the current year.

A number of equities analysts have commented on the stock. Zacks Investment Research lowered shares of Advanced Disposal Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Stifel Nicolaus cut shares of Advanced Disposal Services from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, Credit Suisse Group downgraded Advanced Disposal Services from an “outperform” rating to a “neutral” rating and raised their target price for the company from $29.00 to $33.00 in a research note on Friday, May 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $30.25.

Advanced Disposal Services Company Profile

Advanced Disposal Services, Inc provides non-hazardous solid waste collection, transfer, recycling, and disposal services. The company is involved in the curbside collection of residential refuse from small carts or containers into collection vehicles for transport to a disposal/recycling site. It 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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