Advanced Drainage Systems, Inc. $WMS Shares Sold by Amundi

Amundi lowered its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 2.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,150,706 shares of the construction company’s stock after selling 30,493 shares during the quarter. Amundi owned about 1.48% of Advanced Drainage Systems worth $126,706,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valeo Financial Advisors LLC grew its position in shares of Advanced Drainage Systems by 134.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 5,275 shares of the construction company’s stock valued at $606,000 after buying an additional 3,028 shares during the last quarter. Fiduciary Alliance LLC purchased a new stake in Advanced Drainage Systems in the second quarter valued at $203,000. Truist Financial Corp acquired a new position in Advanced Drainage Systems in the second quarter valued at $211,000. Trexquant Investment LP purchased a new position in shares of Advanced Drainage Systems during the first quarter worth about $1,591,000. Finally, United Services Automobile Association purchased a new position in shares of Advanced Drainage Systems during the first quarter worth about $493,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

WMS has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Advanced Drainage Systems in a research report on Wednesday, October 8th. Barclays increased their target price on shares of Advanced Drainage Systems from $160.00 to $176.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Royal Bank Of Canada boosted their price target on Advanced Drainage Systems from $158.00 to $168.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Finally, KeyCorp lifted their target price on Advanced Drainage Systems from $159.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.56.

Insider Buying and Selling at Advanced Drainage Systems

In other Advanced Drainage Systems news, insider Tim A. Makowski sold 4,901 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $149.21, for a total transaction of $731,278.21. Following the transaction, the insider owned 2,467 shares of the company’s stock, valued at $368,101.07. This represents a 66.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert M. Eversole sold 10,569 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $152.82, for a total value of $1,615,154.58. Following the transaction, the director owned 50,076 shares in the company, valued at $7,652,614.32. This trade represents a 17.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 97,772 shares of company stock valued at $14,605,539 over the last 90 days. 1.63% of the stock is currently owned by corporate insiders.

Advanced Drainage Systems Stock Down 0.9%

WMS opened at $148.71 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.48 and a quick ratio of 2.60. Advanced Drainage Systems, Inc. has a 12 month low of $93.92 and a 12 month high of $155.39. The stock has a market capitalization of $11.56 billion, a P/E ratio of 25.38, a P/E/G ratio of 1.91 and a beta of 1.36. The business has a 50 day simple moving average of $143.65 and a 200-day simple moving average of $132.11.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, November 6th. The construction company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.27. The company had revenue of $850.38 million during the quarter, compared to the consensus estimate of $802.49 million. Advanced Drainage Systems had a return on equity of 28.85% and a net margin of 15.35%.Advanced Drainage Systems’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.70 earnings per share. On average, equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.72 annualized dividend and a dividend yield of 0.5%. Advanced Drainage Systems’s payout ratio is 12.29%.

Advanced Drainage Systems Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.