Advanced Drainage Systems Inc (NYSE:WMS) COO Ronald R. Vitarelli sold 6,000 shares of Advanced Drainage Systems stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $22.37, for a total transaction of $134,220.00. Following the completion of the transaction, the chief operating officer now directly owns 59,698 shares of the company’s stock, valued at $1,335,444.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Advanced Drainage Systems Inc (NYSE:WMS) traded up 0.115% on Monday, reaching $21.825. 90,563 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 35.779 and a beta of 1.09. Advanced Drainage Systems Inc has a 12 month low of $18.60 and a 12 month high of $28.49. The firm has a 50-day moving average of $23.00 and a 200-day moving average of $22.15.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, February 9th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The business earned $294.70 million during the quarter, compared to the consensus estimate of $172.17 million. Advanced Drainage Systems had a net margin of 3.82% and a return on equity of 177.47%. Advanced Drainage Systems’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 EPS. On average, equities analysts expect that Advanced Drainage Systems Inc will post $1.09 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Monday, February 27th. Advanced Drainage Systems’s payout ratio is currently 32.00%.

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WMS has been the subject of several research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $24.00 price target (up from $22.00) on shares of Advanced Drainage Systems in a report on Friday, January 13th. Zacks Investment Research lowered shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a report on Thursday, December 15th. Finally, Robert W. Baird raised shares of Advanced Drainage Systems from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $25.00 to $29.00 in a report on Friday, January 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $26.00.

A number of institutional investors have recently added to or reduced their stakes in WMS. Dynamic Technology Lab Private Ltd bought a new position in Advanced Drainage Systems during the fourth quarter valued at approximately $279,000. Pitcairn Co. bought a new position in Advanced Drainage Systems during the fourth quarter valued at approximately $312,000. A.R.T. Advisors LLC bought a new position in Advanced Drainage Systems during the fourth quarter valued at approximately $356,000. NN Investment Partners Holdings N.V. boosted its position in Advanced Drainage Systems by 115.8% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 20,500 shares of the company’s stock valued at $422,000 after buying an additional 11,000 shares during the last quarter. Finally, Tudor Investment Corp Et Al bought a new position in Advanced Drainage Systems during the fourth quarter valued at approximately $447,000. Hedge funds and other institutional investors own 69.78% of the company’s stock.

Advanced Drainage Systems Company Profile

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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