Portolan Capital Management LLC bought a new stake in shares of Advanced Disposal Services Inc (NYSE:ADSW) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 353,305 shares of the company’s stock, valued at approximately $8,755,000. Portolan Capital Management LLC owned approximately 0.40% of Advanced Disposal Services as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Voya Investment Management LLC increased its stake in Advanced Disposal Services by 120.1% during the second quarter. Voya Investment Management LLC now owns 27,301 shares of the company’s stock worth $677,000 after acquiring an additional 14,898 shares during the last quarter. Laurion Capital Management LP bought a new position in shares of Advanced Disposal Services during the second quarter valued at approximately $3,347,000. OppenheimerFunds Inc. grew its stake in shares of Advanced Disposal Services by 2.6% during the second quarter. OppenheimerFunds Inc. now owns 776,152 shares of the company’s stock valued at $19,233,000 after buying an additional 19,993 shares during the last quarter. Renaissance Technologies LLC grew its stake in Advanced Disposal Services by 7.4% in the second quarter. Renaissance Technologies LLC now owns 1,164,293 shares of the company’s stock worth $28,851,000 after purchasing an additional 79,893 shares in the last quarter. Finally, BlueMountain Capital Management LLC grew its stake in Advanced Disposal Services by 61.7% in the second quarter. BlueMountain Capital Management LLC now owns 19,590 shares of the company’s stock worth $485,000 after purchasing an additional 7,478 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

Shares of NYSE ADSW traded up $0.16 during mid-day trading on Friday, hitting $27.25. The stock had a trading volume of 243,842 shares, compared to its average volume of 385,892. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.69 and a quick ratio of 0.69. Advanced Disposal Services Inc has a twelve month low of $21.50 and a twelve month high of $27.93. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 47.33, a PEG ratio of 3.02 and a beta of 0.62.

Advanced Disposal Services (NYSE:ADSW) last released its earnings results on Wednesday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The firm had revenue of $398.10 million for the quarter, compared to the consensus estimate of $390.72 million. Advanced Disposal Services had a return on equity of 5.68% and a net margin of 3.72%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. research analysts expect that Advanced Disposal Services Inc will post 0.6 earnings per share for the current year.

Separately, Zacks Investment Research raised Advanced Disposal Services from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Wednesday, July 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.25.

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

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