Advanced Drainage Systems Inc (NYSE:WMS) COO Ronald R. Vitarelli sold 5,500 shares of Advanced Drainage Systems stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $27.16, for a total transaction of $149,380.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Advanced Drainage Systems Inc (NYSE WMS) traded down $0.40 during midday trading on Tuesday, hitting $26.50. 249,273 shares of the stock were exchanged, compared to its average volume of 264,652. The stock has a market capitalization of $1,527.50, a P/E ratio of 36.05 and a beta of 0.91. Advanced Drainage Systems Inc has a 1-year low of $17.90 and a 1-year high of $28.15. The company has a current ratio of 2.10, a quick ratio of 1.01 and a debt-to-equity ratio of 2.44.
Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, February 8th. The construction company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.27. The business had revenue of $320.83 million during the quarter, compared to the consensus estimate of $320.41 million. Advanced Drainage Systems had a net margin of 3.67% and a return on equity of 45.42%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. analysts expect that Advanced Drainage Systems Inc will post 0.73 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. J. Goldman & Co LP purchased a new stake in Advanced Drainage Systems in the fourth quarter valued at approximately $9,637,000. Millennium Management LLC grew its holdings in Advanced Drainage Systems by 90.1% in the fourth quarter. Millennium Management LLC now owns 143,671 shares of the construction company’s stock valued at $3,427,000 after purchasing an additional 68,096 shares during the period. GCA Investment Management LLC grew its holdings in Advanced Drainage Systems by 7.7% in the fourth quarter. GCA Investment Management LLC now owns 971,663 shares of the construction company’s stock valued at $23,174,000 after purchasing an additional 69,397 shares during the period. Teachers Advisors LLC grew its holdings in Advanced Drainage Systems by 3.7% in the fourth quarter. Teachers Advisors LLC now owns 65,759 shares of the construction company’s stock valued at $1,568,000 after purchasing an additional 2,356 shares during the period. Finally, Raymond James & Associates grew its holdings in Advanced Drainage Systems by 37.3% in the fourth quarter. Raymond James & Associates now owns 21,000 shares of the construction company’s stock valued at $501,000 after purchasing an additional 5,700 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.
A number of equities research analysts have recently commented on the stock. Barclays set a $25.00 price target on shares of Advanced Drainage Systems and gave the stock a “hold” rating in a report on Monday, February 12th. Zacks Investment Research upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating and set a $30.00 price target for the company in a report on Wednesday, February 14th. TheStreet upgraded shares of Advanced Drainage Systems from a “c+” rating to a “b-” rating in a report on Tuesday, February 13th. Robert W. Baird lifted their price target on shares of Advanced Drainage Systems from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Finally, Citigroup assumed coverage on shares of Advanced Drainage Systems in a report on Wednesday, November 29th. They set a “neutral” rating and a $26.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Advanced Drainage Systems has a consensus rating of “Hold” and a consensus target price of $27.00.
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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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