Geode Capital Management LLC Decreases Holdings in Advanced Disposal Services Inc (NYSE:ADSW)

Geode Capital Management LLC cut its stake in shares of Advanced Disposal Services Inc (NYSE:ADSW) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 765,425 shares of the company’s stock after selling 16,888 shares during the period. Geode Capital Management LLC’s holdings in Advanced Disposal Services were worth $18,324,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. raised its stake in Advanced Disposal Services by 5.1% during the 4th quarter. BlackRock Inc. now owns 4,978,355 shares of the company’s stock valued at $119,183,000 after buying an additional 241,958 shares during the last quarter. Norges Bank purchased a new stake in shares of Advanced Disposal Services in the 4th quarter worth $69,133,000. Millennium Management LLC increased its stake in shares of Advanced Disposal Services by 9.8% in the 4th quarter. Millennium Management LLC now owns 2,024,809 shares of the company’s stock worth $48,474,000 after purchasing an additional 181,392 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Advanced Disposal Services by 138.1% in the 4th quarter. Victory Capital Management Inc. now owns 1,895,496 shares of the company’s stock worth $45,378,000 after purchasing an additional 1,099,528 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Advanced Disposal Services by 11.1% in the 4th quarter. Jennison Associates LLC now owns 1,864,552 shares of the company’s stock worth $44,637,000 after purchasing an additional 186,284 shares in the last quarter. Institutional investors and hedge funds own 98.09% of the company’s stock.

NYSE:ADSW opened at $32.08 on Thursday. Advanced Disposal Services Inc has a one year low of $22.05 and a one year 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 firm has a market capitalization of $2.85 billion, a PE ratio of 62.98, a P/E/G ratio of 5.70 and a beta of 0.76.

Advanced Disposal Services (NYSE:ADSW) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.04). Advanced Disposal Services had a return on equity of 4.99% and a net margin of 0.08%. The business had revenue of $384.00 million during the quarter, compared to analysts’ expectations of $376.19 million. During the same quarter in the previous year, the company posted $0.02 EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Sell-side analysts expect that Advanced Disposal Services Inc will post 0.57 EPS for the current fiscal year.

Several equities research analysts have recently commented on ADSW shares. UBS Group upped their price objective on Advanced Disposal Services from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Bank of America lowered Advanced Disposal Services from a “neutral” rating to an “underperform” rating and set a $27.00 price objective for the company. in a research note on Tuesday, February 19th. Zacks Investment Research lowered Advanced Disposal Services from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Stifel Nicolaus lowered Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $30.00 price objective for the company. in a research note on Thursday, April 11th. Finally, First Analysis lowered Advanced Disposal Services from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Advanced Disposal Services has a consensus rating of “Hold” and an average price target of $30.25.

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Advanced Disposal Services 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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