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Advanced Drainage Systems, Inc. (NYSE:WMS - Get Rating) Director Anil Seetharam sold 26,806 shares of Advanced Drainage Systems stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $135.65, for a total transaction of $3,636,233.90. Following the sale, the director now owns 28,880 shares of the company's stock, valued at $3,917,572. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Anil Seetharam also recently made the following trade(s): On Tuesday, September 13th, Anil Seetharam sold 54,848 shares of Advanced Drainage Systems stock. The shares were sold at an average price of $136.52, for a total transaction of $7,487,848.96. Advanced Drainage Systems Trading Down 0.4 %
Advanced Drainage Systems stock traded down $0.58 during trading on Thursday, hitting $134.90. The company had a trading volume of 569,378 shares, compared to its average volume of 543,388. Advanced Drainage Systems, Inc. has a 1-year low of $80.81 and a 1-year high of $153.36. The company has a current ratio of 2.78, a quick ratio of 1.81 and a debt-to-equity ratio of 1.28. The company's 50 day simple moving average is $125.87 and its 200-day simple moving average is $113.41. The stock has a market cap of $11.27 billion, a price-to-earnings ratio of 30.11 and a beta of 1.45.
Advanced Drainage Systems (NYSE:WMS - Get Rating) last announced its earnings results on Thursday, August 4th. The construction company reported $2.22 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $1.22. Advanced Drainage Systems had a net margin of 12.65% and a return on equity of 47.99%. The business had revenue of $914.20 million during the quarter, compared to analysts' expectations of $849.39 million. During the same period in the prior year, the company earned $0.87 earnings per share. The business's revenue was up 36.6% compared to the same quarter last year. As a group, analysts expect that Advanced Drainage Systems, Inc. will post 6.39 EPS for the current fiscal year. Advanced Drainage Systems Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend is Wednesday, August 31st. Advanced Drainage Systems's payout ratio is 10.67%. Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Advanced Drainage Systems by 11.1% in the first quarter. Vanguard Group Inc. now owns 5,287,218 shares of the construction company's stock worth $628,174,000 after purchasing an additional 526,175 shares during the period. Select Equity Group L.P. raised its position in Advanced Drainage Systems by 0.3% in the first quarter. Select Equity Group L.P. now owns 2,181,725 shares of the construction company's stock worth $259,211,000 after acquiring an additional 6,885 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Advanced Drainage Systems by 47.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,730,806 shares of the construction company's stock worth $235,614,000 after buying an additional 553,911 shares during the period. Boston Partners raised its holdings in Advanced Drainage Systems by 20.1% during the 1st quarter. Boston Partners now owns 1,701,136 shares of the construction company's stock worth $202,072,000 after buying an additional 285,161 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Advanced Drainage Systems by 2.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,144,133 shares of the construction company's stock worth $103,051,000 after buying an additional 23,902 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock. Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on WMS shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Advanced Drainage Systems in a report on Wednesday, August 17th. They set a "buy" rating and a $182.00 target price for the company. Barclays lifted their target price on shares of Advanced Drainage Systems from $135.00 to $164.00 and gave the company an "overweight" rating in a report on Friday, August 5th. Morgan Stanley cut their target price on shares of Advanced Drainage Systems from $142.00 to $120.00 and set an "overweight" rating for the company in a report on Tuesday, June 28th. Loop Capital cut their target price on shares of Advanced Drainage Systems from $158.00 to $124.00 and set a "buy" rating for the company in a report on Friday, July 8th. Finally, TheStreet lowered shares of Advanced Drainage Systems from a "b" rating to a "c+" rating in a report on Thursday, May 19th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $152.00.About Advanced Drainage Systems (Get Rating)
Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the underground construction and infrastructure marketplace in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.Recommended StoriesGet a free copy of the StockNews.com research report on Advanced Drainage Systems (WMS)Why Medical Products Maker Repligen May Be A Potential Buy At 10%, Is Arbor Realty Trust Dividend Worth It? Investors Should Tune Into RF Industries 2 Reasons Netflix Might Have Just Bottomed OutMurphy USA Outperforming Other Mid-caps, But Is It A Buy Now?
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