Headlands Technologies LLC Has $41,000 Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Headlands Technologies LLC lessened its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 59.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 291 shares of the construction company’s stock after selling 429 shares during the quarter. Headlands Technologies LLC’s holdings in Advanced Drainage Systems were worth $41,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. William Blair Investment Management LLC increased its position in Advanced Drainage Systems by 13.3% during the third quarter. William Blair Investment Management LLC now owns 1,445,326 shares of the construction company’s stock worth $164,521,000 after buying an additional 169,517 shares during the last quarter. Cerity Partners LLC increased its position in Advanced Drainage Systems by 428.8% during the fourth quarter. Cerity Partners LLC now owns 22,449 shares of the construction company’s stock worth $3,157,000 after buying an additional 18,204 shares during the last quarter. Vanguard Group Inc. increased its position in Advanced Drainage Systems by 1.0% during the third quarter. Vanguard Group Inc. now owns 6,878,726 shares of the construction company’s stock worth $783,005,000 after buying an additional 65,038 shares during the last quarter. Pacer Advisors Inc. increased its position in Advanced Drainage Systems by 82.9% during the fourth quarter. Pacer Advisors Inc. now owns 13,990 shares of the construction company’s stock worth $1,968,000 after buying an additional 6,343 shares during the last quarter. Finally, New York Life Investment Management LLC increased its position in Advanced Drainage Systems by 113.9% during the third quarter. New York Life Investment Management LLC now owns 7,316 shares of the construction company’s stock worth $833,000 after buying an additional 3,896 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Trading Up 1.0 %

Shares of NYSE:WMS opened at $158.52 on Thursday. The company has a market capitalization of $12.30 billion, a P/E ratio of 25.20, a P/E/G ratio of 1.38 and a beta of 1.51. Advanced Drainage Systems, Inc. has a 1 year low of $81.25 and a 1 year high of $176.31. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.03 and a quick ratio of 2.04. The business’s 50 day simple moving average is $164.51 and its 200 day simple moving average is $141.32.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, February 8th. The construction company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.44. The business had revenue of $662.37 million for the quarter, compared to the consensus estimate of $632.69 million. Advanced Drainage Systems had a return on equity of 49.79% and a net margin of 17.65%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.99 earnings per share. On average, research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.09 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business 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. This represents a $0.56 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date was Thursday, February 29th. Advanced Drainage Systems’s dividend payout ratio is currently 8.90%.

Insider Buying and Selling

In other Advanced Drainage Systems news, EVP Michael G. Huebert sold 10,000 shares of the company’s stock in a transaction 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 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Advanced Drainage Systems news, EVP Michael G. Huebert sold 10,000 shares of the company’s stock in a transaction 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 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 filing with the Securities & Exchange Commission, 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 value of $124,351,885.00. Following 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. 3.79% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on WMS shares. StockNews.com raised Advanced Drainage Systems from a “hold” rating to a “buy” rating in a research report on Wednesday. Stephens upped their target price on Advanced Drainage Systems from $138.00 to $182.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. KeyCorp upped their target price on Advanced Drainage Systems from $160.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Finally, Oppenheimer upped their target price on Advanced Drainage Systems from $172.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Advanced Drainage Systems presently has an average rating of “Moderate Buy” and a consensus price target of $159.13.

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.