Perpetual Ltd Sells 3,636 Shares of Advanced Drainage Systems, Inc. $WMS

Perpetual Ltd trimmed its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 97,546 shares of the construction company’s stock after selling 3,636 shares during the period. Perpetual Ltd owned approximately 0.13% of Advanced Drainage Systems worth $13,530,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of WMS. Marshall Financial Group LLC boosted its position in shares of Advanced Drainage Systems by 2.9% during the third quarter. Marshall Financial Group LLC now owns 9,529 shares of the construction company’s stock valued at $1,322,000 after buying an additional 268 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Advanced Drainage Systems by 22.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,373 shares of the construction company’s stock valued at $190,000 after acquiring an additional 248 shares during the last quarter. Cullen Capital Management LLC grew its stake in shares of Advanced Drainage Systems by 30.0% in the second quarter. Cullen Capital Management LLC now owns 6,011 shares of the construction company’s stock worth $690,000 after acquiring an additional 1,386 shares during the period. Valeo Financial Advisors LLC raised its holdings in shares of Advanced Drainage Systems by 136.4% during the second quarter. Valeo Financial Advisors LLC now owns 5,311 shares of the construction company’s stock valued at $610,000 after purchasing an additional 3,064 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of Advanced Drainage Systems by 5.4% during the second quarter. Osaic Holdings Inc. now owns 15,387 shares of the construction company’s stock valued at $1,767,000 after purchasing an additional 794 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Trading Up 1.1%

Shares of WMS stock opened at $148.47 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.48 and a quick ratio of 2.60. The company has a market cap of $11.55 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 1.93 and a beta of 1.36. Advanced Drainage Systems, Inc. has a 1 year low of $93.92 and a 1 year high of $155.39. The firm has a fifty day moving average price of $145.36 and a 200-day moving average price of $134.61.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, November 6th. The construction company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.27. Advanced Drainage Systems had a return on equity of 28.85% and a net margin of 15.35%.The company had revenue of $850.38 million for the quarter, compared to analysts’ expectations of $802.49 million. During the same period last year, the firm earned $1.70 EPS. Advanced Drainage Systems’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, equities analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a dividend of $0.18 per share. The ex-dividend date was Monday, December 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.5%. Advanced Drainage Systems’s payout ratio is 12.29%.

Analyst Ratings Changes

WMS has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Advanced Drainage Systems in a research report on Wednesday, October 8th. Royal Bank Of Canada raised their price target on Advanced Drainage Systems from $158.00 to $168.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. KeyCorp upped their price objective on Advanced Drainage Systems from $159.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Finally, Barclays raised their target price on Advanced Drainage Systems from $176.00 to $181.00 and gave the stock an “overweight” rating in a research report on Monday, December 8th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Advanced Drainage Systems presently has a consensus rating of “Moderate Buy” and an average price target of $157.11.

Insider Activity

In other Advanced Drainage Systems news, EVP Thomas J. Sr. Waun sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $150.00, for a total value of $150,000.00. Following the completion of the transaction, the executive vice president directly owned 14,970 shares in the company, valued at $2,245,500. This represents a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider D. Scott Barbour sold 80,030 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $148.95, for a total transaction of $11,920,468.50. Following the completion of the sale, the insider directly owned 42,867 shares of the company’s stock, valued at approximately $6,385,039.65. This trade represents a 65.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 97,772 shares of company stock valued at $14,605,539. 1.63% of the stock is owned by insiders.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.