Advanced Drainage Systems, Inc. $WMS Shares Sold by Jones Financial Companies Lllp

Jones Financial Companies Lllp trimmed its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 60.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,104 shares of the construction company’s stock after selling 3,210 shares during the period. Jones Financial Companies Lllp’s holdings in Advanced Drainage Systems were worth $289,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Outlook Wealth Advisors LLC grew its position in shares of Advanced Drainage Systems by 3.0% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 2,836 shares of the construction company’s stock valued at $393,000 after buying an additional 82 shares during the last quarter. RWC Asset Management LLP grew its holdings in shares of Advanced Drainage Systems by 2.7% during the third quarter. RWC Asset Management LLP now owns 3,234 shares of the construction company’s stock valued at $449,000 after purchasing an additional 85 shares during the last quarter. CWM LLC grew its holdings in shares of Advanced Drainage Systems by 16.2% during the third quarter. CWM LLC now owns 702 shares of the construction company’s stock valued at $97,000 after purchasing an additional 98 shares during the last quarter. State of Michigan Retirement System raised its position in shares of Advanced Drainage Systems by 0.6% during the 2nd quarter. State of Michigan Retirement System now owns 17,000 shares of the construction company’s stock worth $1,953,000 after purchasing an additional 100 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in shares of Advanced Drainage Systems by 4.2% in the 2nd quarter. ProShare Advisors LLC now owns 3,132 shares of the construction company’s stock worth $360,000 after purchasing an additional 125 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Price Performance

Shares of NYSE:WMS opened at $170.99 on Tuesday. The stock has a market cap of $13.32 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 2.02 and a beta of 1.34. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.12 and a quick ratio of 3.08. Advanced Drainage Systems, Inc. has a 12 month low of $93.92 and a 12 month high of $179.32. The stock’s 50 day moving average price is $155.14 and its 200 day moving average price is $146.45.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, February 5th. The construction company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.16. The firm had revenue of $693.35 million during the quarter, compared to analyst estimates of $686.37 million. Advanced Drainage Systems had a return on equity of 27.72% and a net margin of 15.75%.The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the company posted $1.09 EPS. Equities research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.18 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.72 annualized dividend and a dividend yield of 0.4%. Advanced Drainage Systems’s dividend payout ratio (DPR) is 11.98%.

Analysts Set New Price Targets

Several brokerages have weighed in on WMS. Barclays increased their target price on Advanced Drainage Systems from $187.00 to $198.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. UBS Group set a $215.00 price objective on shares of Advanced Drainage Systems and gave the company a “buy” rating in a research report on Friday, February 6th. KeyCorp boosted their target price on shares of Advanced Drainage Systems from $180.00 to $198.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Royal Bank Of Canada raised their price target on shares of Advanced Drainage Systems from $176.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Finally, Robert W. Baird set a $205.00 price objective on Advanced Drainage Systems in a research report on Friday, February 6th. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $186.00.

Insider Activity

In related news, Director Robert M. Eversole sold 10,569 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $152.82, for a total value of $1,615,154.58. Following the sale, the director directly owned 50,076 shares in the company, valued at $7,652,614.32. The trade was a 17.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.63% of the stock is owned by corporate insiders.

Advanced Drainage Systems Profile

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.