Advanced Drainage Systems Inc (WMS) EVP Ronald R. Vitarelli Sells 2,500 Shares

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Advanced Drainage Systems Inc (NYSE:WMS) EVP Ronald R. Vitarelli sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $25.47, for a total value of $63,675.00. Following the transaction, the executive vice president now owns 30,285 shares of the company’s stock, valued at $771,358.95. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

NYSE WMS traded up $0.13 during trading hours on Friday, reaching $25.57. The company’s stock had a trading volume of 435,821 shares, compared to its average volume of 320,340. The company has a current ratio of 2.24, a quick ratio of 0.95 and a debt-to-equity ratio of 1.26. Advanced Drainage Systems Inc has a 1 year low of $23.04 and a 1 year high of $33.50. The stock has a market cap of $1.45 billion, a PE ratio of 31.57 and a beta of 0.99.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings results on Thursday, February 7th. The construction company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.06). Advanced Drainage Systems had a return on equity of 37.87% and a net margin of 4.98%. The business had revenue of $318.11 million during the quarter, compared to analysts’ expectations of $339.61 million. During the same period in the prior year, the firm posted $0.28 earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis. On average, analysts forecast that Advanced Drainage Systems Inc will post 1.18 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be issued a $0.08 dividend. The ex-dividend date is Thursday, February 28th. This represents a $0.32 dividend on an annualized basis and a yield of 1.25%. Advanced Drainage Systems’s dividend payout ratio is presently 39.51%.

WMS has been the topic of a number of research analyst reports. Boenning Scattergood reissued a “hold” rating on shares of Advanced Drainage Systems in a report on Friday, November 16th. Zacks Investment Research cut Advanced Drainage Systems from a “hold” rating to a “sell” rating in a report on Saturday, November 17th. Barclays lowered their price target on Advanced Drainage Systems from $30.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 12th. Finally, Citigroup lowered their price target on Advanced Drainage Systems from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, January 4th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Advanced Drainage Systems has a consensus rating of “Hold” and an average price target of $30.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of WMS. Pearl River Capital LLC purchased a new stake in shares of Advanced Drainage Systems during the 4th quarter worth approximately $26,000. Tortoise Index Solutions LLC purchased a new stake in shares of Advanced Drainage Systems during the 4th quarter worth approximately $39,000. NumerixS Investment Technologies Inc raised its holdings in shares of Advanced Drainage Systems by 250.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 2,100 shares of the construction company’s stock worth $51,000 after acquiring an additional 1,500 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in shares of Advanced Drainage Systems during the 4th quarter worth approximately $56,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Advanced Drainage Systems by 5,933.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,344 shares of the construction company’s stock worth $134,000 after acquiring an additional 4,272 shares in the last quarter. 79.06% of the stock is currently owned by institutional investors.

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About Advanced Drainage Systems

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States and internationally. The company offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.

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