Advanced Drainage Systems, Inc. (NYSE:WMS) CAO Kevin C. Talley Sells 26,500 Shares

Advanced Drainage Systems, Inc. (NYSE:WMSGet Rating) CAO Kevin C. Talley sold 26,500 shares of the stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $90.54, for a total transaction of $2,399,310.00. Following the transaction, the chief accounting officer now owns 62,025 shares of the company’s stock, valued at approximately $5,615,743.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Advanced Drainage Systems stock opened at $85.30 on Friday. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 27.08 and a beta of 1.36. The company has a quick ratio of 0.97, a current ratio of 2.23 and a debt-to-equity ratio of 1.01. Advanced Drainage Systems, Inc. has a 12-month low of $84.60 and a 12-month high of $138.02. The firm’s 50-day moving average price is $104.72 and its two-hundred day moving average price is $115.83.

Advanced Drainage Systems (NYSE:WMSGet Rating) last posted its quarterly earnings results on Thursday, May 19th. The construction company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.18). Advanced Drainage Systems had a net margin of 9.75% and a return on equity of 37.32%. The company had revenue of $678.20 million during the quarter, compared to analyst estimates of $623.91 million. During the same quarter in the previous year, the business posted $0.23 earnings per share. The company’s revenue for the quarter was up 52.8% on a year-over-year basis. On average, sell-side analysts expect that Advanced Drainage Systems, Inc. will post 3.83 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st were paid a $0.12 dividend. This is an increase from Advanced Drainage Systems’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Tuesday, May 31st. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 15.24%.

Several institutional investors and hedge funds have recently bought and sold shares of WMS. Northwestern Mutual Wealth Management Co. acquired a new stake in Advanced Drainage Systems during the 4th quarter worth approximately $46,000. Signaturefd LLC boosted its position in Advanced Drainage Systems by 1,168.4% during the 1st quarter. Signaturefd LLC now owns 482 shares of the construction company’s stock worth $57,000 after buying an additional 444 shares during the period. Covestor Ltd acquired a new stake in Advanced Drainage Systems during the 4th quarter worth approximately $72,000. Van ECK Associates Corp boosted its position in Advanced Drainage Systems by 80.1% during the 1st quarter. Van ECK Associates Corp now owns 670 shares of the construction company’s stock worth $80,000 after buying an additional 298 shares during the period. Finally, Kepos Capital LP acquired a new stake in Advanced Drainage Systems during the 4th quarter worth approximately $85,000. Institutional investors own 98.10% of the company’s stock.

Several brokerages recently commented on WMS. StockNews.com started coverage on shares of Advanced Drainage Systems in a report on Thursday, March 31st. They set a “hold” rating for the company. Robert W. Baird dropped their price objective on shares of Advanced Drainage Systems from $158.00 to $137.00 and set an “outperform” rating on the stock in a research report on Friday, May 20th. Barclays dropped their price objective on shares of Advanced Drainage Systems from $162.00 to $138.00 and set an “overweight” rating on the stock in a research report on Friday, May 20th. Morgan Stanley lowered their price target on shares of Advanced Drainage Systems from $145.00 to $142.00 and set an “overweight” rating on the stock in a research report on Friday, May 20th. Finally, TheStreet lowered shares of Advanced Drainage Systems from a “b” rating to a “c+” rating in a research report on Thursday, May 19th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Advanced Drainage Systems has a consensus rating of “Buy” and an average price target of $143.75.

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. It operates through Pipe, International and Infiltrator, and Allied Products & Other segments.

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