7,367 Shares in Advanced Drainage Systems, Inc. (NYSE:WMS) Purchased by Calamos Advisors LLC

Calamos Advisors LLC acquired a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) during the 4th quarter, Holdings Channel reports. The fund acquired 7,367 shares of the construction company’s stock, valued at approximately $1,036,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WMS. Prudential Financial Inc. boosted its holdings in shares of Advanced Drainage Systems by 3.8% in the 2nd quarter. Prudential Financial Inc. now owns 2,238 shares of the construction company’s stock worth $203,000 after purchasing an additional 82 shares during the period. Kessler Investment Group LLC boosted its stake in Advanced Drainage Systems by 9.1% during the third quarter. Kessler Investment Group LLC now owns 1,245 shares of the construction company’s stock worth $142,000 after buying an additional 104 shares during the period. Captrust Financial Advisors boosted its stake in Advanced Drainage Systems by 4.6% during the second quarter. Captrust Financial Advisors now owns 2,525 shares of the construction company’s stock worth $287,000 after buying an additional 112 shares during the period. Belpointe Asset Management LLC increased its position in Advanced Drainage Systems by 47.8% during the first quarter. Belpointe Asset Management LLC now owns 495 shares of the construction company’s stock valued at $42,000 after acquiring an additional 160 shares during the last quarter. Finally, Creative Planning raised its stake in shares of Advanced Drainage Systems by 4.3% in the third quarter. Creative Planning now owns 3,893 shares of the construction company’s stock valued at $443,000 after acquiring an additional 160 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Advanced Drainage Systems

In other Advanced Drainage Systems news, Director Ross M. Jones sold 762,895 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $163.00, for a total transaction of $124,351,885.00. Following the transaction, the director now directly owns 70,749 shares in the company, valued at approximately $11,532,087. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Michael G. Huebert sold 10,000 shares of Advanced Drainage Systems stock in a transaction 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 transaction, the executive vice president now directly owns 13,450 shares in the company, valued at approximately $2,199,344. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ross M. Jones sold 762,895 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 70,749 shares of the company’s stock, valued at $11,532,087. The disclosure for this sale can be found here. 3.79% of the stock is currently owned by corporate insiders.

Advanced Drainage Systems Stock Performance

Shares of NYSE:WMS opened at $155.57 on Monday. The firm’s 50 day simple moving average is $164.78 and its 200-day simple moving average is $139.25. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.04 and a current ratio of 3.03. Advanced Drainage Systems, Inc. has a one year low of $80.41 and a one year high of $176.31. The firm has a market cap of $12.08 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 1.37 and a beta of 1.50.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, February 8th. The construction company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.44. The company had revenue of $662.37 million for the quarter, compared to analysts’ expectations of $632.69 million. Advanced Drainage Systems had a return on equity of 49.79% and a net margin of 17.65%. Advanced Drainage Systems’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 earnings per share. As a group, equities analysts predict that Advanced Drainage Systems, Inc. will post 6.09 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.56 annualized dividend and a dividend yield of 0.36%. Advanced Drainage Systems’s dividend payout ratio is currently 8.90%.

Analyst Ratings Changes

WMS has been the subject of a number of recent analyst reports. Stephens lifted their price target on shares of Advanced Drainage Systems from $138.00 to $182.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. StockNews.com lowered Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. KeyCorp upped their target price on Advanced Drainage Systems from $160.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Finally, Oppenheimer raised their price target on Advanced Drainage Systems from $172.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $159.13.

About Advanced Drainage Systems

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.