HC Wainwright Reaffirms “Buy” Rating for Advanced Emissions Solutions, Inc. (NASDAQ:ADES)

HC Wainwright restated their buy rating on shares of Advanced Emissions Solutions, Inc. (NASDAQ:ADES) in a research report report published on Wednesday, November 8th. The brokerage currently has a $18.00 price objective on the industrial products company’s stock.

Several other equities analysts have also weighed in on the stock. ValuEngine upgraded shares of Advanced Emissions Solutions from a buy rating to a strong-buy rating in a research report on Monday, October 2nd. Canaccord Genuity restated a buy rating and set a $20.00 price target on shares of Advanced Emissions Solutions in a research report on Thursday, September 28th. Finally, Zacks Investment Research lowered shares of Advanced Emissions Solutions from a buy rating to a hold rating in a research report on Monday, August 14th. One analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Advanced Emissions Solutions currently has a consensus rating of Buy and a consensus price target of $17.00.

Shares of Advanced Emissions Solutions (ADES) traded down $0.82 during midday trading on Wednesday, reaching $9.65. 210,679 shares of the company traded hands, compared to its average volume of 107,773. Advanced Emissions Solutions has a fifty-two week low of $7.65 and a fifty-two week high of $12.25. The company has a market capitalization of $220.81, a price-to-earnings ratio of 6.67 and a beta of 2.80.

Advanced Emissions Solutions (NASDAQ:ADES) last announced its earnings results on Monday, November 6th. The industrial products company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.43). The firm had revenue of $2.29 million during the quarter, compared to analysts’ expectations of $8.30 million. Advanced Emissions Solutions had a net margin of 249.58% and a return on equity of 45.61%. analysts predict that Advanced Emissions Solutions will post 1.29 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 6th. Stockholders of record on Friday, November 17th will be given a $0.25 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.36%. Advanced Emissions Solutions’s dividend payout ratio (DPR) is currently 23.09%.

A number of institutional investors and hedge funds have recently made changes to their positions in ADES. Bank of New York Mellon Corp raised its stake in Advanced Emissions Solutions by 40.4% in the first quarter. Bank of New York Mellon Corp now owns 16,543 shares of the industrial products company’s stock valued at $158,000 after purchasing an additional 4,757 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Advanced Emissions Solutions by 1.1% during the first quarter. Vanguard Group Inc. now owns 786,434 shares of the industrial products company’s stock worth $7,502,000 after acquiring an additional 8,650 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Advanced Emissions Solutions by 68.6% during the first quarter. Geode Capital Management LLC now owns 157,441 shares of the industrial products company’s stock worth $1,501,000 after acquiring an additional 64,039 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Advanced Emissions Solutions during the first quarter worth approximately $859,000. Finally, Schwab Charles Investment Management Inc. purchased a new position in shares of Advanced Emissions Solutions during the second quarter worth approximately $325,000. 69.92% of the stock is currently owned by institutional investors and hedge funds.

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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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