Advanced Drainage Systems, Inc. (NYSE:WMS) Director Ross M. Jones Sells 10,000 Shares of Stock

Advanced Drainage Systems, Inc. (NYSE:WMS) Director Ross M. Jones sold 10,000 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $123.66, for a total value of $1,236,600.00. Following the completion of the sale, the director now owns 762,895 shares of the company’s stock, valued at approximately $94,339,595.70. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Advanced Drainage Systems Stock Performance

Shares of WMS stock opened at $123.22 on Friday. The firm has a market cap of $9.70 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 1.86 and a beta of 1.39. The company’s 50 day moving average is $124.31 and its 200 day moving average is $103.58. The company has a quick ratio of 1.75, a current ratio of 2.78 and a debt-to-equity ratio of 1.34. Advanced Drainage Systems, Inc. has a 52-week low of $75.02 and a 52-week high of $136.53.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Thursday, August 3rd. The construction company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.51. The company had revenue of $778.00 million for the quarter, compared to analyst estimates of $746.08 million. Advanced Drainage Systems had a net margin of 16.82% and a return on equity of 50.53%. Advanced Drainage Systems’s revenue was down 14.9% compared to the same quarter last year. During the same period last year, the company posted $2.22 earnings per share. On average, sell-side analysts anticipate that Advanced Drainage Systems, Inc. will post 5.63 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Thursday, August 31st. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 9.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Stephens assumed coverage on Advanced Drainage Systems in a research report on Thursday, August 24th. They set an “overweight” rating and a $148.00 price objective for the company. Deutsche Bank Aktiengesellschaft lifted their price target on Advanced Drainage Systems from $131.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. KeyCorp lifted their price target on Advanced Drainage Systems from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, August 21st. Oppenheimer lifted their price target on Advanced Drainage Systems from $140.00 to $148.00 and gave the stock an “outperform” rating in a research report on Thursday, August 31st. Finally, StockNews.com started coverage on shares of Advanced Drainage Systems in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Advanced Drainage Systems presently has an average rating of “Moderate Buy” and an average price target of $147.00.

Institutional Investors Weigh In On Advanced Drainage Systems

A number of large investors have recently made changes to their positions in the stock. Prudential Financial Inc. grew its holdings in shares of Advanced Drainage Systems by 3.8% during the second quarter. Prudential Financial Inc. now owns 2,238 shares of the construction company’s stock valued at $203,000 after buying an additional 82 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Advanced Drainage Systems by 4.6% during the second quarter. Captrust Financial Advisors now owns 2,525 shares of the construction company’s stock valued at $287,000 after buying an additional 112 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Advanced Drainage Systems by 94.2% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 233 shares of the construction company’s stock valued at $27,000 after buying an additional 113 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in shares of Advanced Drainage Systems during the second quarter valued at $40,000. Finally, Private Advisor Group LLC grew its holdings in shares of Advanced Drainage Systems by 0.6% during the second quarter. Private Advisor Group LLC now owns 21,998 shares of the construction company’s stock valued at $2,503,000 after buying an additional 134 shares during the last quarter. 84.69% of the stock is owned by hedge funds and other institutional investors.

Advanced Drainage Systems Company Profile

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.