Advanced Drainage Systems, Inc. (NYSE:WMS) COO Thomas M. Fussner sold 50,000 shares of the business’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $23.53, for a total transaction of $1,176,500.00. Following the sale, the chief operating officer now directly owns 544,032 shares in the company, valued at approximately $12,801,072.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Advanced Drainage Systems, Inc. (NYSE:WMS) opened at 22.55 on Friday. Advanced Drainage Systems, Inc. has a 52 week low of $17.72 and a 52 week high of $28.49. The company has a market cap of $1.24 billion, a P/E ratio of 36.97 and a beta of 1.09. The stock has a 50 day moving average of $23.22 and a 200 day moving average of $22.65.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings results on Thursday, February 9th. The company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The company had revenue of $294.70 million for 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%. The firm’s revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 EPS. On average, analysts expect that Advanced Drainage Systems, Inc. will post $1.09 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Monday, February 27th. Advanced Drainage Systems’s dividend payout ratio is presently 32.00%.

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Several equities research analysts recently commented on WMS shares. Zacks Investment Research lowered shares of Advanced Drainage Systems from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 20th. RBC Capital Markets downgraded shares of Advanced Drainage Systems from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $26.00 to $24.00 in a research note on Monday, November 14th. TheStreet downgraded shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Friday, October 21st. Royal Bank Of Canada upped their target price on shares of Advanced Drainage Systems from $22.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, January 13th. Finally, Robert W. Baird upgraded shares of Advanced Drainage Systems from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $25.00 to $29.00 in a research note on Friday, January 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $25.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of WMS. Guggenheim Capital LLC increased its position in Advanced Drainage Systems by 10.8% in the fourth quarter. Guggenheim Capital LLC now owns 111,798 shares of the company’s stock valued at $2,303,000 after buying an additional 10,898 shares in the last quarter. 12 West Capital Management LP bought a new position in Advanced Drainage Systems during the fourth quarter valued at approximately $76,995,000. Tudor Investment Corp Et Al bought a new position in Advanced Drainage Systems during the fourth quarter valued at approximately $447,000. Two Sigma Investments LP bought a new position in Advanced Drainage Systems during the fourth quarter valued at approximately $2,915,000. Finally, A.R.T. Advisors LLC bought a new position in Advanced Drainage Systems during the fourth quarter valued at approximately $356,000. 69.78% of the stock is currently owned by institutional investors.

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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