Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lowered its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 28.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 25,630 shares of the construction company’s stock after selling 10,200 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Advanced Drainage Systems were worth $3,579,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. acquired a new position in shares of Advanced Drainage Systems in the 4th quarter valued at about $315,000. New York State Teachers Retirement System lifted its holdings in shares of Advanced Drainage Systems by 2.1% in the 4th quarter. New York State Teachers Retirement System now owns 44,901 shares of the construction company’s stock valued at $6,315,000 after buying an additional 935 shares during the period. Prime Capital Investment Advisors LLC acquired a new position in shares of Advanced Drainage Systems in the 4th quarter valued at about $233,000. International Assets Investment Management LLC acquired a new position in shares of Advanced Drainage Systems in the 4th quarter valued at about $5,040,000. Finally, JB Capital LLC acquired a new position in shares of Advanced Drainage Systems in the 4th quarter valued at about $254,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Activity

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

Wall Street Analyst Weigh In

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

Advanced Drainage Systems Price Performance

NYSE:WMS opened at $163.94 on Friday. Advanced Drainage Systems, Inc. has a 12 month low of $80.41 and a 12 month high of $176.31. The stock has a 50 day moving average of $163.42 and a two-hundred day moving average of $137.33. The company has a current ratio of 3.03, a quick ratio of 2.04 and a debt-to-equity ratio of 1.18. The firm has a market cap of $12.73 billion, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50.

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 the consensus estimate of $0.93 by $0.44. Advanced Drainage Systems had a return on equity of 49.79% and a net margin of 17.65%. The company had revenue of $662.37 million during the quarter, compared to analyst estimates of $632.69 million. During the same period in the previous year, the business earned $0.99 EPS. Advanced Drainage Systems’s quarterly revenue was up 1.1% on a year-over-year basis. On average, analysts expect that Advanced Drainage Systems, Inc. will post 6.07 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

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

About Advanced Drainage Systems

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.