Zacks Investment Research Downgrades Advanced Emissions Solutions (NASDAQ:ADES) to Strong Sell

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Zacks Investment Research downgraded shares of Advanced Emissions Solutions (NASDAQ:ADES) from a hold rating to a strong sell rating in a research report report published on Monday, 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. “

ADES has been the topic of a number of other research reports. BidaskClub raised shares of Advanced Emissions Solutions from a hold rating to a buy rating in a report on Thursday, September 12th. ValuEngine lowered shares of Advanced Emissions Solutions from a sell rating to a strong sell rating in a report on Monday, November 4th. Finally, HC Wainwright reissued a buy rating and issued a $18.00 price target on shares of Advanced Emissions Solutions in a report on Wednesday, August 7th.

Advanced Emissions Solutions stock traded up $0.05 during midday trading on Monday, reaching $10.24. 266,333 shares of the stock were exchanged, compared to its average volume of 158,758. The company’s fifty day moving average is $13.27 and its 200-day moving average is $12.84. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.83 and a current ratio of 1.26. The firm has a market cap of $183.47 million, a PE ratio of 5.82 and a beta of 1.15. Advanced Emissions Solutions has a 52 week low of $9.17 and a 52 week high of $15.34.

Advanced Emissions Solutions (NASDAQ:ADES) last posted its earnings results on Tuesday, November 12th. The industrial products company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.59). The firm had revenue of $19.13 million for the quarter, compared to the consensus estimate of $22.21 million. Advanced Emissions Solutions had a return on equity of 34.39% and a net margin of 51.71%. On average, sell-side analysts anticipate that Advanced Emissions Solutions will post 2.34 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Tuesday, November 26th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.77%. The ex-dividend date of this dividend is Monday, November 25th. Advanced Emissions Solutions’s payout ratio is 56.82%.

In related news, Director Alta Fundamental Advisers Llc purchased 3,200 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were purchased at an average price of $12.64 per share, with a total value of $40,448.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders bought a total of 70,747 shares of company stock worth $880,985 in the last three months. Insiders own 12.16% of the company’s stock.

Several large investors have recently modified their holdings of ADES. Vanguard Group Inc. increased its holdings in shares of Advanced Emissions Solutions by 19.0% in the 2nd quarter. Vanguard Group Inc. now owns 1,127,964 shares of the industrial products company’s stock worth $14,258,000 after buying an additional 180,311 shares during the last quarter. Morgan Stanley increased its holdings in shares of Advanced Emissions Solutions by 123.8% in the 2nd quarter. Morgan Stanley now owns 262,926 shares of the industrial products company’s stock worth $3,324,000 after buying an additional 145,463 shares during the last quarter. Boston Advisors LLC bought a new position in shares of Advanced Emissions Solutions during the 3rd quarter valued at $1,389,000. Chicago Equity Partners LLC bought a new position in shares of Advanced Emissions Solutions during the 2nd quarter valued at $736,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Advanced Emissions Solutions by 5,100.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 31,200 shares of the industrial products company’s stock valued at $394,000 after purchasing an additional 30,600 shares during the last quarter. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Emissions Solutions Company Profile

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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