BlueMountain Capital Management LLC Boosts Stake in Advanced Disposal Services Inc (ADSW)

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BlueMountain Capital Management LLC boosted its holdings in Advanced Disposal Services Inc (NYSE:ADSW) by 61.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,590 shares of the company’s stock after acquiring an additional 7,478 shares during the quarter. BlueMountain Capital Management LLC’s holdings in Advanced Disposal Services were worth $485,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN increased its position in Advanced Disposal Services by 21.5% during the first quarter. Wells Fargo & Company MN now owns 857,445 shares of the company’s stock worth $19,104,000 after purchasing an additional 151,856 shares during the last quarter. Rhumbline Advisers increased its position in shares of Advanced Disposal Services by 15.3% in the first quarter. Rhumbline Advisers now owns 45,922 shares of the company’s stock worth $1,023,000 after acquiring an additional 6,090 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Advanced Disposal Services in the first quarter worth $132,000. Swiss National Bank increased its position in shares of Advanced Disposal Services by 19.0% in the first quarter. Swiss National Bank now owns 107,500 shares of the company’s stock worth $2,395,000 after acquiring an additional 17,200 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Advanced Disposal Services by 5.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 222,066 shares of the company’s stock worth $4,948,000 after acquiring an additional 10,571 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Several equities research analysts have recently issued reports 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. Morgan Stanley began coverage on shares of Advanced Disposal Services in a research note on Friday. They issued a “weight” rating and a $27.00 target price for the company. Finally, First Analysis upped their target price on shares of Advanced Disposal Services to $32.00 and gave the company a “strong-buy” rating in a research note on Tuesday, September 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $28.00.

Shares of ADSW stock traded down $0.12 on Friday, hitting $25.67. The stock had a trading volume of 408,212 shares, compared to its average volume of 485,602. The company has a market capitalization of $2.40 billion, a PE ratio of 54.62, a price-to-earnings-growth ratio of 3.04 and a beta of 0.61. Advanced Disposal Services Inc has a 52-week low of $21.50 and a 52-week high of $27.93. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 2.04.

Advanced Disposal Services (NYSE:ADSW) last released its quarterly earnings data on Wednesday, August 1st. The company reported $0.19 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.19. The business had revenue of $398.10 million for the quarter, compared to analysts’ expectations of $390.72 million. Advanced Disposal Services had a net margin of 3.72% and a return on equity of 5.68%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 EPS. Equities research analysts predict that Advanced Disposal Services Inc will post 0.6 EPS for the current year.

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

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