PNC Financial Services Group Inc. Takes Position in Advanced Disposal Services Inc (NYSE:ADSW)

PNC Financial Services Group Inc. bought a new position in Advanced Disposal Services Inc (NYSE:ADSW) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 159,174 shares of the company’s stock, valued at approximately $4,456,000. PNC Financial Services Group Inc. owned 0.18% of Advanced Disposal Services at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ADSW. Public Employees Retirement System of Ohio raised its holdings in Advanced Disposal Services by 43.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,157 shares of the company’s stock worth $52,000 after purchasing an additional 650 shares during the period. Advisors Asset Management Inc. acquired a new stake in shares of Advanced Disposal Services during the fourth quarter worth $58,000. Quadrant Capital Group LLC acquired a new stake in shares of Advanced Disposal Services during the first quarter worth $73,000. NumerixS Investment Technologies Inc raised its holdings in shares of Advanced Disposal Services by 700.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 3,200 shares of the company’s stock worth $75,000 after acquiring an additional 2,800 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Advanced Disposal Services by 20.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,527 shares of the company’s stock worth $108,000 after acquiring an additional 783 shares during the period. Hedge funds and other institutional investors own 98.09% of the company’s stock.

A number of research firms recently weighed in on ADSW. Credit Suisse Group downgraded shares of 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 report on Friday, May 17th. UBS Group downgraded shares of Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a research report on Wednesday, May 1st. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Advanced Disposal Services from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. ValuEngine raised shares of Advanced Disposal Services from a “hold” rating to a “buy” rating in a research report on Monday, April 29th. Finally, Deutsche Bank downgraded shares of Advanced Disposal Services from a “buy” rating to a “hold” rating and set a $33.00 target price for the company. in a research report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Advanced Disposal Services has a consensus rating of “Hold” and a consensus target price of $30.25.

Shares of ADSW traded up $0.18 during midday trading on Monday, reaching $32.09. The stock had a trading volume of 879,500 shares, compared to its average volume of 918,940. The company’s 50 day simple moving average is $32.10. Advanced Disposal Services Inc has a one year low of $22.05 and a one year high of $33.01. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 55.33, a PEG ratio of 5.67 and a beta of 0.66. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.62 and a current ratio of 0.62.

Advanced Disposal Services (NYSE:ADSW) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). The firm had revenue of $384.00 million during the quarter, compared to the consensus estimate of $376.19 million. Advanced Disposal Services had a net margin of 0.08% and a return on equity of 4.99%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the business earned $0.02 EPS. As a group, analysts anticipate that Advanced Disposal Services Inc will post 0.57 earnings per share for the current fiscal year.

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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