2,243 Shares in Advanced Drainage Systems, Inc. (NYSE:WMS) Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. acquired a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,243 shares of the construction company’s stock, valued at approximately $315,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. New York State Teachers Retirement System lifted its holdings in shares of Advanced Drainage Systems by 2.1% in the fourth quarter. New York State Teachers Retirement System now owns 44,901 shares of the construction company’s stock worth $6,315,000 after acquiring an additional 935 shares during the last quarter. Prime Capital Investment Advisors LLC bought a new position in shares of Advanced Drainage Systems in the fourth quarter worth about $233,000. International Assets Investment Management LLC bought a new position in shares of Advanced Drainage Systems in the fourth quarter worth about $5,040,000. JB Capital LLC bought a new position in shares of Advanced Drainage Systems in the fourth quarter worth about $254,000. Finally, Global Retirement Partners LLC lifted its holdings in shares of Advanced Drainage Systems by 58.6% in the fourth quarter. Global Retirement Partners LLC now owns 788 shares of the construction company’s stock worth $103,000 after acquiring an additional 291 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Stephens increased their target price on shares of Advanced Drainage Systems from $138.00 to $182.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. StockNews.com cut shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Finally, KeyCorp raised their price objective on shares of Advanced Drainage Systems from $160.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $155.13.

Insider Buying and Selling at Advanced Drainage Systems

In other Advanced Drainage Systems news, EVP Michael G. Huebert sold 10,000 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 13,450 shares of the company’s stock, valued at approximately $2,199,344. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Ross M. Jones sold 762,895 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director now owns 70,749 shares of the company’s stock, valued at approximately $11,532,087. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael G. Huebert sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 13,450 shares of the company’s stock, valued at approximately $2,199,344. The disclosure for this sale can be found here. Insiders own 3.79% of the company’s stock.

Advanced Drainage Systems Stock Down 0.9 %

Shares of NYSE WMS opened at $163.94 on Monday. The firm has a market cap of $12.73 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 1.44 and a beta of 1.50. The company has a 50 day simple moving average of $163.42 and a 200 day simple moving average of $137.67. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.03 and a quick ratio of 2.04. Advanced Drainage Systems, Inc. has a 1 year low of $80.41 and a 1 year high of $176.31.

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

Advanced Drainage Systems Announces Dividend

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

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.