Advanced Drainage Systems, Inc. (NYSE:WMS) COO Ronald R. Vitarelli sold 5,000 shares of Advanced Drainage Systems stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $23.04, for a total value of $115,200.00. Following the completion of the transaction, the chief operating officer now owns 54,698 shares of the company’s stock, valued at approximately $1,260,241.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Advanced Drainage Systems, Inc. (NYSE:WMS) traded up $0.30 on Friday, reaching $22.75. The company had a trading volume of 994,051 shares, compared to its average volume of 277,774. Advanced Drainage Systems, Inc. has a fifty-two week low of $17.90 and a fifty-two week high of $26.30. The company has a market capitalization of $1,271.03, a price-to-earnings ratio of 64.93 and a beta of 1.04. The company has a quick ratio of 1.32, a current ratio of 2.26 and a debt-to-equity ratio of 4.47.
Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, November 2nd. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.08). Advanced Drainage Systems had a return on equity of 41.08% and a net margin of 1.97%. The company had revenue of $401.00 million for the quarter, compared to the consensus estimate of $376.45 million. During the same quarter in the previous year, the company posted $0.35 EPS. The business’s revenue was up 11.1% on a year-over-year basis. equities research analysts anticipate that Advanced Drainage Systems, Inc. will post 0.53 earnings per share for the current year.
A number of equities research analysts have recently weighed in on WMS shares. Robert W. Baird restated a “buy” rating and set a $25.00 target price on shares of Advanced Drainage Systems in a research report on Wednesday, October 4th. TheStreet downgraded Advanced Drainage Systems from a “b-” rating to a “c+” rating in a research report on Wednesday, October 25th. Citigroup began coverage on Advanced Drainage Systems in a research report on Wednesday, November 29th. They set a “neutral” rating and a $26.00 target price for the company. ValuEngine raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. Finally, Zacks Investment Research raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Advanced Drainage Systems presently has a consensus rating of “Hold” and a consensus price target of $24.75.
Large investors have recently added to or reduced their stakes in the business. Berkshire Partners LLC increased its stake in shares of Advanced Drainage Systems by 154.4% during the third quarter. Berkshire Partners LLC now owns 5,257,355 shares of the construction company’s stock worth $106,461,000 after purchasing an additional 3,191,003 shares during the period. Impax Asset Management LTD increased its stake in shares of Advanced Drainage Systems by 4.8% during the third quarter. Impax Asset Management LTD now owns 4,483,199 shares of the construction company’s stock worth $90,785,000 after purchasing an additional 203,697 shares during the period. Stockbridge Partners LLC increased its stake in shares of Advanced Drainage Systems by 12.8% during the third quarter. Stockbridge Partners LLC now owns 3,756,420 shares of the construction company’s stock worth $76,068,000 after purchasing an additional 425,251 shares during the period. Vanguard Group Inc. increased its stake in shares of Advanced Drainage Systems by 3.2% during the second quarter. Vanguard Group Inc. now owns 3,046,676 shares of the construction company’s stock worth $61,238,000 after purchasing an additional 95,375 shares during the period. Finally, Deprince Race & Zollo Inc. bought a new position in shares of Advanced Drainage Systems during the third quarter worth approximately $26,964,000. Hedge funds and other institutional investors own 80.58% of the company’s stock.
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About Advanced Drainage Systems
Advanced Drainage Systems, Inc is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States.
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