Geode Capital Management LLC increased its position in Advanced Disposal (NYSE:ADSW) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 369,073 shares of the company’s stock after buying an additional 11,937 shares during the period. Geode Capital Management LLC’s holdings in Advanced Disposal were worth $8,835,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in ADSW. Monarch Partners Asset Management LLC increased its holdings in Advanced Disposal by 109.8% in the fourth quarter. Monarch Partners Asset Management LLC now owns 743,512 shares of the company’s stock worth $17,800,000 after buying an additional 389,049 shares during the last quarter. Asset Management One Co. Ltd. acquired a new position in Advanced Disposal in the third quarter worth approximately $8,283,000. Fairview Capital Investment Management LLC increased its holdings in Advanced Disposal by 12.1% in the fourth quarter. Fairview Capital Investment Management LLC now owns 2,314,100 shares of the company’s stock worth $55,400,000 after buying an additional 250,000 shares during the last quarter. Skylands Capital LLC acquired a new position in Advanced Disposal in the fourth quarter worth approximately $5,554,000. Finally, Citadel Advisors LLC increased its holdings in Advanced Disposal by 120.7% in the fourth quarter. Citadel Advisors LLC now owns 342,499 shares of the company’s stock worth $8,199,000 after buying an additional 187,331 shares during the last quarter.
In other news, insider Steven R. Carn sold 18,666 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $24.05, for a total value of $448,917.30. Following the completion of the sale, the insider now directly owns 120,405 shares of the company’s stock, valued at $2,895,740.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven R. Carn sold 15,420 shares of the stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $22.12, for a total value of $341,090.40. Following the completion of the sale, the insider now directly owns 145,909 shares of the company’s stock, valued at $3,227,507.08. The disclosure for this sale can be found here. Insiders have sold 52,752 shares of company stock valued at $1,199,166 in the last ninety days. Company insiders own 1.20% of the company’s stock.
Advanced Disposal (NYSE:ADSW) last announced its earnings results on Thursday, February 22nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The company had revenue of $384.40 million for the quarter, compared to the consensus estimate of $374.30 million. Advanced Disposal had a return on equity of 5.03% and a net margin of 2.54%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.20 EPS. equities analysts predict that Advanced Disposal will post 0.56 EPS for the current fiscal year.
A number of equities analysts recently commented on ADSW shares. UBS restated a “buy” rating and issued a $27.00 price objective (down previously from $29.00) on shares of Advanced Disposal in a report on Friday, February 23rd. Zacks Investment Research raised Advanced Disposal from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Wednesday, February 21st. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $26.00 target price (down previously from $27.00) on shares of Advanced Disposal in a research report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $26.50.
Advanced Disposal 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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