424 Shares in Advanced Drainage Systems, Inc. (NYSE:WMS) Acquired by ORG Partners LLC

ORG Partners LLC bought a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 424 shares of the construction company’s stock, valued at approximately $60,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC grew its holdings in Advanced Drainage Systems by 16.7% during the fourth quarter. Valeo Financial Advisors LLC now owns 3,526 shares of the construction company’s stock worth $496,000 after acquiring an additional 504 shares during the period. Cerity Partners LLC lifted its position in shares of Advanced Drainage Systems by 428.8% in the fourth quarter. Cerity Partners LLC now owns 22,449 shares of the construction company’s stock valued at $3,157,000 after acquiring an additional 18,204 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Advanced Drainage Systems during the fourth quarter worth about $5,040,000. Vaughan Nelson Investment Management L.P. lifted its position in Advanced Drainage Systems by 4.4% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 336,663 shares of the construction company’s stock worth $47,350,000 after buying an additional 14,220 shares during the period. Finally, Stratos Wealth Partners LTD. purchased a new position in Advanced Drainage Systems during the fourth quarter worth about $315,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Down 0.9 %

NYSE:WMS opened at $162.52 on Tuesday. The stock’s fifty day moving average price is $164.02 and its two-hundred day moving average price is $138.01. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.04 and a current ratio of 3.03. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 1.44 and a beta of 1.50. Advanced Drainage Systems, Inc. has a 52-week low of $80.41 and a 52-week high of $176.31.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, February 8th. The construction company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.44. Advanced Drainage Systems had a net margin of 17.65% and a return on equity of 49.79%. The company had revenue of $662.37 million during the quarter, compared to the consensus estimate of $632.69 million. During the same period in the prior year, the business posted $0.99 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. On average, analysts anticipate that Advanced Drainage Systems, Inc. will post 6.07 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.56 dividend on an annualized basis and a yield of 0.34%. Advanced Drainage Systems’s dividend payout ratio (DPR) is 8.90%.

Insiders Place Their Bets

In other Advanced Drainage Systems news, EVP Michael G. Huebert sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $163.52, for a total transaction of $1,635,200.00. Following the sale, the executive vice president now owns 13,450 shares of the company’s stock, valued at $2,199,344. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Ross M. Jones sold 762,895 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $163.00, for a total transaction of $124,351,885.00. Following the transaction, the director now owns 70,749 shares of the company’s stock, valued at approximately $11,532,087. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael G. Huebert sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $163.52, for a total transaction of $1,635,200.00. Following the completion of the sale, the executive vice president now owns 13,450 shares in the company, valued at approximately $2,199,344. The disclosure for this sale can be found here. Insiders own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WMS. StockNews.com lowered Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Stephens increased their target price on Advanced Drainage Systems from $138.00 to $182.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Finally, KeyCorp increased their target price on Advanced Drainage Systems from $160.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $155.13.

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.