Zacks Investment Research upgraded shares of Advanced Emissions Solutions (NASDAQ:ADES) from a sell rating to a hold rating in a report published on Tuesday morning, Zacks.com reports.

According to Zacks, “Advanced Emissions Solutions, Inc. develops, offers and implements environmental technologies, equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations. It operates in three principal business segments: Refined Coal, Emissions Control and CO2 capture. The company also offers dry sorbent injection systems to control SO2 and acid gases. It operates primarily in the United States along with its subsidiaries. Advanced Emissions Solutions, Inc. formerly known as ADA-ES, Inc., is based in Highlands Ranch, Colorado. “

A number of other brokerages have also recently weighed in on ADES. ValuEngine cut shares of Valero Energy from a hold rating to a sell rating in a report on Wednesday, May 8th. HC Wainwright reiterated a buy rating on shares of Advanced Emissions Solutions in a report on Wednesday, March 20th.

Advanced Emissions Solutions stock opened at $12.52 on Tuesday. The company has a 50 day moving average of $12.50. The stock has a market cap of $233.75 million, a P/E ratio of 7.11 and a beta of 1.15. Advanced Emissions Solutions has a 1 year low of $9.01 and a 1 year high of $13.52. The company has a quick ratio of 0.96, a current ratio of 1.41 and a debt-to-equity ratio of 0.42.

Advanced Emissions Solutions (NASDAQ:ADES) last released its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.14. The business had revenue of $19.33 million for the quarter, compared to the consensus estimate of $18.99 million. Advanced Emissions Solutions had a net margin of 107.16% and a return on equity of 50.52%. As a group, equities research analysts forecast that Advanced Emissions Solutions will post 3.39 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of ADES. RDA Financial Network purchased a new position in Advanced Emissions Solutions during the 2nd quarter worth $334,000. O Shaughnessy Asset Management LLC raised its position in Advanced Emissions Solutions by 110.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 16,547 shares of the industrial products company’s stock worth $191,000 after acquiring an additional 8,675 shares in the last quarter. LSV Asset Management raised its position in Advanced Emissions Solutions by 35.2% in the first quarter. LSV Asset Management now owns 268,233 shares of the industrial products company’s stock worth $3,100,000 after acquiring an additional 69,806 shares in the last quarter. Spark Investment Management LLC bought a new stake in Advanced Emissions Solutions in the first quarter worth about $407,000. Finally, BNP Paribas Arbitrage SA raised its position in Advanced Emissions Solutions by 96.8% in the first quarter. BNP Paribas Arbitrage SA now owns 3,854 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 1,896 shares in the last quarter. Institutional investors own 73.17% of the company’s stock.

About Advanced Emissions Solutions

ADA-ES, Inc (ADA) develops, offers, and implements environmental technologies and provides equipment and specialty chemicals that enable coal-fueled power plants to meet emissions regulations by enhancing existing air pollution control equipment. ADA’s wholly owned subsidiaries include Advanced Emissions Solutions, Inc, ADA Intellectual Property, LLC and ADA Environmental Solutions, LLC.

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