Anil Seetharam Sells 54,848 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS) Stock

Advanced Drainage Systems, Inc. (NYSE:WMSGet Rating) Director Anil Seetharam sold 54,848 shares of the stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $136.52, for a total transaction of $7,487,848.96. Following the completion of the transaction, the director now directly owns 30,231 shares in the company, valued at approximately $4,127,136.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Anil Seetharam also recently made the following trade(s):

  • On Thursday, September 15th, Anil Seetharam sold 26,806 shares of Advanced Drainage Systems stock. The stock was sold at an average price of $135.65, for a total transaction of $3,636,233.90.

Advanced Drainage Systems Trading Down 2.3 %

NYSE:WMS opened at $131.78 on Friday. The company has a 50-day moving average price of $127.28 and a 200-day moving average price of $113.63. Advanced Drainage Systems, Inc. has a 12 month low of $80.81 and a 12 month high of $153.36. The company has a current ratio of 2.78, a quick ratio of 1.81 and a debt-to-equity ratio of 1.28. The stock has a market cap of $11.01 billion, a price-to-earnings ratio of 29.28 and a beta of 1.45.

Advanced Drainage Systems (NYSE:WMSGet Rating) last posted its earnings results on Thursday, August 4th. The construction company reported $2.22 EPS for the quarter, topping the consensus estimate of $1.00 by $1.22. Advanced Drainage Systems had a net margin of 12.65% and a return on equity of 47.99%. The firm had revenue of $914.20 million during the quarter, compared to analysts’ expectations of $849.39 million. During the same period last year, the company posted $0.87 EPS. The company’s quarterly revenue was up 36.6% compared to the same quarter last year. Equities analysts predict that Advanced Drainage Systems, Inc. will post 6.39 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.48 dividend on an annualized basis and a yield of 0.36%. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 10.67%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Barclays increased their target price on shares of Advanced Drainage Systems from $135.00 to $164.00 and gave the company an “overweight” rating in a report on Friday, August 5th. Morgan Stanley reduced their target price on shares of Advanced Drainage Systems from $142.00 to $120.00 and set an “overweight” rating on the stock in a report on Tuesday, June 28th. Deutsche Bank Aktiengesellschaft started coverage on shares of Advanced Drainage Systems in a report on Wednesday, August 17th. They set a “buy” rating and a $182.00 target price on the stock. Robert W. Baird raised their price target on shares of Advanced Drainage Systems from $119.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, August 5th. Finally, Loop Capital cut their price target on shares of Advanced Drainage Systems from $158.00 to $124.00 and set a “buy” rating on the stock in a report on Friday, July 8th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $152.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Neo Ivy Capital Management purchased a new position in Advanced Drainage Systems during the 2nd quarter valued at about $33,000. Signaturefd LLC raised its holdings in Advanced Drainage Systems by 1,168.4% in the first quarter. Signaturefd LLC now owns 482 shares of the construction company’s stock worth $57,000 after buying an additional 444 shares during the last quarter. Covestor Ltd purchased a new position in Advanced Drainage Systems in the fourth quarter worth about $72,000. Northwestern Mutual Wealth Management Co. raised its holdings in Advanced Drainage Systems by 59.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 538 shares of the construction company’s stock worth $64,000 after buying an additional 200 shares during the last quarter. Finally, Kepos Capital LP purchased a new position in Advanced Drainage Systems in the fourth quarter worth about $85,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

About Advanced Drainage Systems

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Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the underground construction and infrastructure marketplace in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.

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Insider Buying and Selling by Quarter for Advanced Drainage Systems (NYSE:WMS)

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