Advanced Emissions Solutions (ADES) Raised to “Hold” at ValuEngine

ValuEngine upgraded shares of Advanced Emissions Solutions (NASDAQ:ADES) from a sell rating to a hold rating in a report published on Wednesday morning, ValuEngine reports.

Separately, HC Wainwright reaffirmed a buy rating on shares of Advanced Emissions Solutions in a report on Wednesday, March 20th.

Advanced Emissions Solutions stock opened at $13.11 on Wednesday. The stock has a market cap of $242.20 million, a PE ratio of 7.45 and a beta of 1.33. Advanced Emissions Solutions has a one year low of $9.01 and a one year high of $13.52. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.41 and a quick ratio of 0.93.

Advanced Emissions Solutions (NASDAQ:ADES) last posted its quarterly earnings data on Monday, May 6th. The industrial products company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.14. The business had revenue of $19.33 million during 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%. Equities research analysts predict that Advanced Emissions Solutions will post 3.39 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Monday, May 20th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 7.63%. The ex-dividend date of this dividend is Friday, May 17th. Advanced Emissions Solutions’s payout ratio is currently 56.82%.

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA lifted its holdings 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 purchasing an additional 1,896 shares during the period. Advisor Group Inc. lifted its holdings in Advanced Emissions Solutions by 76.1% in the fourth quarter. Advisor Group Inc. now owns 4,801 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 2,074 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in Advanced Emissions Solutions in the fourth quarter worth about $83,000. Rhumbline Advisers lifted its holdings in Advanced Emissions Solutions by 45.6% in the fourth quarter. Rhumbline Advisers now owns 24,072 shares of the industrial products company’s stock worth $254,000 after purchasing an additional 7,537 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Advanced Emissions Solutions by 32.6% in the fourth quarter. Bank of America Corp DE now owns 25,856 shares of the industrial products company’s stock worth $273,000 after purchasing an additional 6,354 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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