Advanced Drainage Systems, Inc. (NYSE:WMS) EVP Michael G. Huebert Sells 10,000 Shares of Stock

Advanced Drainage Systems, Inc. (NYSE:WMSGet Free Report) EVP Michael G. Huebert sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $172.58, for a total transaction of $1,725,800.00. Following the completion of the transaction, the executive vice president now directly owns 7,225 shares of the company’s stock, valued at approximately $1,246,890.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Advanced Drainage Systems Price Performance

Shares of NYSE WMS opened at $169.14 on Tuesday. The stock’s 50-day simple moving average is $167.89 and its 200-day simple moving average is $151.52. The firm has a market capitalization of $13.10 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 1.51 and a beta of 1.51. Advanced Drainage Systems, Inc. has a fifty-two week low of $100.22 and a fifty-two week high of $184.27. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.90 and a current ratio of 2.96.

Advanced Drainage Systems (NYSE:WMSGet Free Report) last released its quarterly earnings data on Thursday, May 16th. The construction company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.28. Advanced Drainage Systems had a net margin of 17.74% and a return on equity of 46.93%. The company had revenue of $653.80 million for the quarter, compared to analysts’ expectations of $611.99 million. During the same quarter last year, the company earned $1.06 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities research analysts forecast that Advanced Drainage Systems, Inc. will post 6.75 EPS for the current fiscal year.

Advanced Drainage Systems Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have commented on WMS shares. KeyCorp boosted their price target on shares of Advanced Drainage Systems from $185.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. StockNews.com raised Advanced Drainage Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Northcoast Research assumed coverage on Advanced Drainage Systems in a research report on Wednesday, May 8th. They issued a “buy” rating and a $190.00 price target on the stock. 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. Finally, Stephens raised their target price on shares of Advanced Drainage Systems from $182.00 to $193.00 and gave the company an “overweight” rating in a report on Friday, May 17th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.88.

View Our Latest Research Report on WMS

Hedge Funds Weigh In On Advanced Drainage Systems

Hedge funds have recently made changes to their positions in the company. William Blair Investment Management LLC grew its stake in Advanced Drainage Systems by 13.3% during the 3rd quarter. William Blair Investment Management LLC now owns 1,445,326 shares of the construction company’s stock worth $164,521,000 after buying an additional 169,517 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Advanced Drainage Systems by 428.8% in the 4th quarter. Cerity Partners LLC now owns 22,449 shares of the construction company’s stock valued at $3,157,000 after acquiring an additional 18,204 shares during the period. Dimensional Fund Advisors LP raised its position in Advanced Drainage Systems by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 633,392 shares of the construction company’s stock valued at $89,086,000 after purchasing an additional 15,690 shares during the last quarter. Vanguard Group Inc. boosted its stake in Advanced Drainage Systems by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 6,878,726 shares of the construction company’s stock worth $783,005,000 after purchasing an additional 65,038 shares during the period. Finally, Pacer Advisors Inc. grew its position in Advanced Drainage Systems by 82.9% during the 4th quarter. Pacer Advisors Inc. now owns 13,990 shares of the construction company’s stock worth $1,968,000 after purchasing an additional 6,343 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Company Profile

(Get Free Report)

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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