International Assets Investment Management LLC Purchases New Stake in Advanced Drainage Systems, Inc. (NYSE:WMS)

International Assets Investment Management LLC purchased a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 35,833 shares of the construction company’s stock, valued at approximately $5,040,000.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. lifted its stake in Advanced Drainage Systems by 76.4% during the 1st quarter. BlackRock Inc. now owns 6,672,684 shares of the construction company’s stock valued at $561,907,000 after acquiring an additional 2,890,821 shares in the last quarter. Morgan Stanley raised its stake in shares of Advanced Drainage Systems by 210.6% during the 4th quarter. Morgan Stanley now owns 1,123,772 shares of the construction company’s stock worth $92,116,000 after purchasing an additional 761,995 shares during the period. State Street Corp raised its stake in shares of Advanced Drainage Systems by 55.8% during the 1st quarter. State Street Corp now owns 2,054,386 shares of the construction company’s stock worth $173,000,000 after purchasing an additional 735,476 shares during the period. Vanguard Group Inc. raised its stake in shares of Advanced Drainage Systems by 11.1% during the 1st quarter. Vanguard Group Inc. now owns 5,287,218 shares of the construction company’s stock worth $628,174,000 after purchasing an additional 526,175 shares during the period. Finally, Norges Bank bought a new stake in shares of Advanced Drainage Systems during the 4th quarter worth $40,774,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Stephens lifted their target price on Advanced Drainage Systems from $138.00 to $182.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. KeyCorp lifted their price objective on Advanced Drainage Systems from $160.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Finally, StockNews.com lowered Advanced Drainage Systems from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $155.13.

Insider Transactions at Advanced Drainage Systems

In other news, Director Ross M. Jones sold 762,895 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $163.00, for a total transaction of $124,351,885.00. Following the completion of the transaction, the director now owns 70,749 shares of the company’s stock, valued at $11,532,087. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Michael G. Huebert sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $163.52, for a total value of $1,635,200.00. Following the completion of the sale, the executive vice president now owns 13,450 shares in the company, valued at approximately $2,199,344. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ross M. Jones sold 762,895 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $163.00, for a total value of $124,351,885.00. Following the completion of the sale, the director now owns 70,749 shares of the company’s stock, valued at approximately $11,532,087. The disclosure for this sale can be found here. 3.79% of the stock is owned by insiders.

Advanced Drainage Systems Stock Down 0.9 %

WMS stock opened at $162.52 on Tuesday. Advanced Drainage Systems, Inc. has a twelve month low of $80.41 and a twelve month high of $176.31. The company has a quick ratio of 2.04, a current ratio of 3.03 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $12.61 billion, a PE ratio of 25.84, a PEG ratio of 1.44 and a beta of 1.50. The stock has a 50-day simple moving average of $164.02 and a two-hundred day simple moving average of $138.01.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Thursday, February 8th. The construction company reported $1.37 EPS for the quarter, topping the consensus estimate of $0.93 by $0.44. Advanced Drainage Systems had a return on equity of 49.79% and a net margin of 17.65%. The company had revenue of $662.37 million during the quarter, compared to analyst estimates of $632.69 million. During the same quarter in the previous year, the firm earned $0.99 earnings per share. Advanced Drainage Systems’s revenue was up 1.1% on a year-over-year basis. On average, equities analysts predict that Advanced Drainage Systems, Inc. will post 6.07 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Thursday, February 29th. Advanced Drainage Systems’s payout ratio is 8.90%.

Advanced Drainage Systems Company Profile

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