35,833 Shares in Advanced Drainage Systems, Inc. (NYSE:WMS) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new position in Advanced Drainage Systems, Inc. (NYSE:WMS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 35,833 shares of the construction company’s stock, valued at approximately $5,040,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. increased its position in Advanced Drainage Systems by 4.4% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 336,663 shares of the construction company’s stock worth $47,350,000 after purchasing an additional 14,220 shares during the period. Stratos Wealth Partners LTD. bought a new position in Advanced Drainage Systems during the fourth quarter worth about $315,000. New York State Teachers Retirement System boosted its holdings in Advanced Drainage Systems by 2.1% during the fourth quarter. New York State Teachers Retirement System now owns 44,901 shares of the construction company’s stock worth $6,315,000 after buying an additional 935 shares during the last quarter. Prime Capital Investment Advisors LLC bought a new position in Advanced Drainage Systems during the fourth quarter worth about $233,000. Finally, JB Capital LLC bought a new position in Advanced Drainage Systems during the fourth quarter worth about $254,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. StockNews.com upgraded Advanced Drainage Systems from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. KeyCorp raised their target price on Advanced Drainage Systems from $160.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Oppenheimer raised their target price on Advanced Drainage Systems from $172.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Northcoast Research assumed coverage on Advanced Drainage Systems in a report on Wednesday. They set a “buy” rating and a $190.00 price objective on the stock. Finally, Stephens lifted their price objective on Advanced Drainage Systems from $138.00 to $182.00 and gave the company an “overweight” rating in a report on Friday, February 9th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.56.

Insider Transactions at Advanced Drainage Systems

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

Advanced Drainage Systems Trading Up 0.0 %

NYSE:WMS opened at $168.19 on Thursday. Advanced Drainage Systems, Inc. has a fifty-two week low of $84.71 and a fifty-two week high of $176.31. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.03 and a quick ratio of 2.04. The stock has a market capitalization of $13.05 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.51. The business’s 50-day simple moving average is $164.71 and its 200-day simple moving average is $143.28.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Thursday, February 8th. The construction company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $662.37 million during the quarter, compared to the consensus estimate of $632.69 million. During the same quarter in the prior year, the firm posted $0.99 EPS. The business’s revenue was up 1.1% on a year-over-year basis. Sell-side analysts expect that Advanced Drainage Systems, Inc. will post 6.09 earnings per share for the current fiscal year.

Advanced Drainage Systems 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.