Michael K. Slattery Sells 126,904 Shares of Advanced Disposal Services Inc (NYSE:ADSW) Stock

Advanced Disposal Services Inc (NYSE:ADSW) VP Michael K. Slattery sold 126,904 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $32.87, for a total transaction of $4,171,334.48. Following the sale, the vice president now directly owns 190,317 shares in the company, valued at approximately $6,255,719.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of ADSW traded down $0.09 during midday trading on Wednesday, hitting $32.84. The stock had a trading volume of 934,473 shares, compared to its average volume of 876,472. Advanced Disposal Services Inc has a 1 year low of $22.05 and a 1 year high of $33.01. The firm has a market cap of $2.95 billion, a PE ratio of 56.62, a price-to-earnings-growth ratio of 7.74 and a beta of 0.64. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.61 and a quick ratio of 0.61. The stock’s 50 day moving average is $32.82 and its 200 day moving average is $32.47.

Advanced Disposal Services (NYSE:ADSW) last announced its earnings results on Tuesday, October 29th. The company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.05. Advanced Disposal Services had a negative net margin of 0.06% and a positive return on equity of 4.26%. The business had revenue of $419.50 million for the quarter, compared to the consensus estimate of $419.81 million. During the same quarter in the prior year, the firm posted $0.17 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities research analysts expect that Advanced Disposal Services Inc will post 0.43 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the stock. ValuEngine downgraded shares of Advanced Disposal Services from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised shares of Advanced Disposal Services from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. Advanced Disposal Services currently has a consensus rating of “Hold” and an average price target of $31.00.

Several institutional investors and hedge funds have recently made changes to their positions in ADSW. Tower Research Capital LLC TRC purchased a new stake in shares of Advanced Disposal Services in the second quarter valued at $36,000. Russell Investments Group Ltd. purchased a new position in Advanced Disposal Services in the 3rd quarter worth about $100,000. Strs Ohio purchased a new position in Advanced Disposal Services in the 2nd quarter worth about $105,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Advanced Disposal Services by 52.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,464 shares of the company’s stock worth $174,000 after buying an additional 1,890 shares during the period. Finally, Quantamental Technologies LLC purchased a new position in Advanced Disposal Services in the 2nd quarter worth about $193,000.

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.

See Also: Average Daily Trade Volume – ADTV

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