Advanced Drainage Systems, Inc. (NYSE:WMS) CFO Scott A. Cottrill Sells 73,207 Shares

Advanced Drainage Systems, Inc. (NYSE:WMSGet Free Report) CFO Scott A. Cottrill sold 73,207 shares of Advanced Drainage Systems stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $173.11, for a total value of $12,672,863.77. Following the completion of the transaction, the chief financial officer now owns 91,442 shares in the company, valued at approximately $15,829,524.62. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Advanced Drainage Systems Stock Down 2.5 %

Shares of WMS opened at $169.14 on Tuesday. The company has a market capitalization of $13.10 billion, a PE ratio of 26.26, a PEG ratio of 1.51 and a beta of 1.51. Advanced Drainage Systems, Inc. has a 12 month low of $100.22 and a 12 month high of $184.27. The stock’s 50-day moving average price is $167.89 and its two-hundred day moving average price is $151.52. The company has a current ratio of 2.96, a quick ratio of 1.90 and a debt-to-equity ratio of 1.13.

Advanced Drainage Systems (NYSE:WMSGet Free Report) last announced its earnings results on Thursday, May 16th. The construction company reported $1.23 EPS for the quarter, topping the consensus estimate of $0.95 by $0.28. The firm had revenue of $653.80 million for the quarter, compared to the consensus estimate of $611.99 million. Advanced Drainage Systems had a return on equity of 46.93% and a net margin of 17.74%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.06 EPS. On average, analysts anticipate that Advanced Drainage Systems, Inc. will post 6.75 EPS for the current year.

Advanced Drainage Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.38%. This is an increase from Advanced Drainage Systems’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, May 31st. Advanced Drainage Systems’s payout ratio is currently 9.94%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Boston Partners lifted its stake in shares of Advanced Drainage Systems by 16.9% in the 1st quarter. Boston Partners now owns 1,519,118 shares of the construction company’s stock valued at $261,609,000 after purchasing an additional 219,629 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Advanced Drainage Systems by 3.1% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 21,317 shares of the construction company’s stock valued at $3,672,000 after purchasing an additional 640 shares during the period. Cetera Advisors LLC lifted its stake in shares of Advanced Drainage Systems by 75.7% in the 1st quarter. Cetera Advisors LLC now owns 3,887 shares of the construction company’s stock valued at $669,000 after purchasing an additional 1,675 shares during the period. Cetera Investment Advisers lifted its stake in shares of Advanced Drainage Systems by 135.6% in the 1st quarter. Cetera Investment Advisers now owns 15,216 shares of the construction company’s stock valued at $2,621,000 after purchasing an additional 8,757 shares during the period. Finally, Swedbank AB bought a new stake in Advanced Drainage Systems in the 1st quarter valued at about $220,853,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WMS has been the topic of a number of research reports. Barclays boosted their price objective on Advanced Drainage Systems from $189.00 to $202.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Robert W. Baird boosted their price objective on Advanced Drainage Systems from $192.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Northcoast Research initiated coverage on Advanced Drainage Systems in a research report on Wednesday, May 8th. They set a “buy” rating and a $190.00 price objective on the stock. KeyCorp boosted their price objective on Advanced Drainage Systems from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Finally, StockNews.com upgraded Advanced Drainage Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $181.88.

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Advanced Drainage Systems Company Profile

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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 construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.

Further Reading

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

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