Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,045 shares of the construction company’s stock after selling 3,165 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of Advanced Drainage Systems worth $6,616,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Advanced Drainage Systems by 1.0% in the third quarter. Vanguard Group Inc. now owns 6,878,726 shares of the construction company’s stock valued at $783,005,000 after purchasing an additional 65,038 shares during the period. BlackRock Inc. increased its holdings in Advanced Drainage Systems by 76.4% in the first quarter. BlackRock Inc. now owns 6,672,684 shares of the construction company’s stock valued at $561,907,000 after buying an additional 2,890,821 shares in the last quarter. State Street Corp increased its holdings in Advanced Drainage Systems by 55.8% in the first quarter. State Street Corp now owns 2,054,386 shares of the construction company’s stock valued at $173,000,000 after buying an additional 735,476 shares in the last quarter. Morgan Stanley increased its holdings in Advanced Drainage Systems by 15.0% in the third quarter. Morgan Stanley now owns 1,570,278 shares of the construction company’s stock valued at $178,745,000 after buying an additional 204,267 shares in the last quarter. Finally, William Blair Investment Management LLC increased its holdings in Advanced Drainage Systems by 13.3% in the third quarter. William Blair Investment Management LLC now owns 1,445,326 shares of the construction company’s stock valued at $164,521,000 after buying an additional 169,517 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Down 0.9 %

Shares of WMS opened at $163.94 on Friday. The firm has a market cap of $12.73 billion, a PE ratio of 26.06, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50. The company’s fifty day moving average is $163.42 and its two-hundred day moving average is $137.33. Advanced Drainage Systems, Inc. has a fifty-two week low of $80.41 and a fifty-two week high of $176.31. The company has a quick ratio of 2.04, a current ratio of 3.03 and a debt-to-equity ratio of 1.18.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly 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 company had revenue of $662.37 million for the quarter, compared to analyst estimates of $632.69 million. Advanced Drainage Systems had a net margin of 17.65% and a return on equity of 49.79%. Advanced Drainage Systems’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the business earned $0.99 EPS. Analysts forecast that Advanced Drainage Systems, Inc. will post 6.07 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.14 per share. 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%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. KeyCorp increased their target price 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. StockNews.com cut shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Finally, Stephens raised their price objective on shares of Advanced Drainage Systems from $138.00 to $182.00 and gave the stock an “overweight” rating in a research note 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $155.13.

Insider Buying and Selling

In related 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 completion of the sale, the executive vice president now directly owns 13,450 shares of the company’s stock, valued at approximately $2,199,344. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related 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 completion of the sale, the executive vice president now directly owns 13,450 shares of the company’s stock, valued at approximately $2,199,344. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ross M. Jones sold 762,895 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $163.00, for a total transaction of $124,351,885.00. Following the sale, the director now directly owns 70,749 shares of the company’s stock, valued at $11,532,087. The disclosure for this sale can be found here. 3.79% of the stock is owned by corporate insiders.

Advanced Drainage Systems 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.