Insider Selling: Advanced Drainage Systems, Inc. (NYSE:WMS) EVP Sells $1,725,800.00 in Stock

Advanced Drainage Systems, Inc. (NYSE:WMSGet Free Report) EVP Michael G. Huebert sold 10,000 shares of Advanced Drainage Systems stock in a transaction 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 sale, the executive vice president now owns 7,225 shares of the company’s stock, valued at approximately $1,246,890.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Advanced Drainage Systems Price Performance

Shares of NYSE WMS opened at $166.59 on Thursday. The stock’s 50 day moving average price is $167.80 and its 200-day moving average price is $151.83. The company has a market capitalization of $12.90 billion, a PE ratio of 25.86, a PEG ratio of 1.48 and a beta of 1.58. Advanced Drainage Systems, Inc. has a twelve month low of $101.72 and a twelve month high of $184.27. The company has a quick ratio of 1.90, a current ratio of 2.96 and a debt-to-equity ratio of 1.13.

Advanced Drainage Systems (NYSE:WMSGet Free Report) last released its earnings results on Thursday, May 16th. The construction company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.28. The company had revenue of $653.80 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.06 EPS. On average, equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.75 EPS for the current year.

Advanced Drainage Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.64 annualized dividend and a dividend yield of 0.38%. This is a positive change from Advanced Drainage Systems’s previous quarterly dividend of $0.14. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 9.94%.

Hedge Funds Weigh In On Advanced Drainage Systems

Several institutional investors have recently bought and sold shares of WMS. GAMMA Investing LLC lifted its position in shares of Advanced Drainage Systems by 29.4% during the 1st quarter. GAMMA Investing LLC now owns 273 shares of the construction company’s stock valued at $47,000 after buying an additional 62 shares during the last quarter. ORG Partners LLC boosted its position in Advanced Drainage Systems by 15.6% during the first quarter. ORG Partners LLC now owns 490 shares of the construction company’s stock worth $83,000 after purchasing an additional 66 shares during the period. Argent Capital Management LLC increased its stake in shares of Advanced Drainage Systems by 0.5% in the first quarter. Argent Capital Management LLC now owns 20,504 shares of the construction company’s stock worth $3,532,000 after purchasing an additional 104 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Advanced Drainage Systems by 319.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company’s stock valued at $26,000 after purchasing an additional 115 shares during the period. Finally, Yousif Capital Management LLC boosted its holdings in Advanced Drainage Systems by 0.4% in the 4th quarter. Yousif Capital Management LLC now owns 32,367 shares of the construction company’s stock worth $4,552,000 after buying an additional 134 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WMS. Barclays lifted their price target on shares of Advanced Drainage Systems from $189.00 to $202.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. StockNews.com upgraded Advanced Drainage Systems from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Stephens upped their target price on Advanced Drainage Systems from $182.00 to $193.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Oppenheimer boosted their price target on shares of Advanced Drainage Systems from $172.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Finally, KeyCorp upped their price objective on shares of Advanced Drainage Systems from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $181.88.

Check Out Our Latest Research Report on WMS

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.

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