Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC cut its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 80.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,225 shares of the construction company’s stock after selling 37,765 shares during the period. Lisanti Capital Growth LLC’s holdings in Advanced Drainage Systems were worth $1,297,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WMS. NBC Securities Inc. acquired a new position in Advanced Drainage Systems during the 3rd quarter worth $25,000. Contravisory Investment Management Inc. acquired a new stake in Advanced Drainage Systems in the fourth quarter worth about $27,000. GAMMA Investing LLC bought a new position in Advanced Drainage Systems in the 4th quarter valued at about $28,000. Avalon Trust Co acquired a new position in Advanced Drainage Systems during the 4th quarter valued at about $38,000. Finally, ORG Partners LLC acquired a new position in Advanced Drainage Systems during the 4th quarter valued at about $60,000. 89.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. KeyCorp increased their price objective on shares of Advanced Drainage Systems from $160.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, February 9th. StockNews.com upgraded Advanced Drainage Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Oppenheimer upped their price objective on Advanced Drainage Systems from $172.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Finally, Stephens lifted their target price on Advanced Drainage Systems from $138.00 to $182.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $159.13.

Insider Buying and Selling

In other Advanced Drainage Systems news, EVP Michael G. Huebert sold 10,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $163.52, for a total transaction of $1,635,200.00. Following the sale, the executive vice president now directly owns 13,450 shares of the company’s stock, valued at approximately $2,199,344. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Advanced Drainage Systems news, Director Ross M. Jones sold 762,895 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $163.00, for a total transaction of $124,351,885.00. Following the completion of the sale, the director now directly owns 70,749 shares in the company, valued at approximately $11,532,087. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael G. Huebert sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $163.52, for a total value of $1,635,200.00. Following the completion of the transaction, the executive vice president now owns 13,450 shares in the company, valued at approximately $2,199,344. The disclosure for this sale can be found here. Company insiders own 3.79% of the company’s stock.

Advanced Drainage Systems Price Performance

Shares of WMS traded down $1.44 during trading hours on Tuesday, hitting $168.05. 392,304 shares of the company were exchanged, compared to its average volume of 456,383. 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 company has a market capitalization of $13.04 billion, a PE ratio of 26.93, a PEG ratio of 1.45 and a beta of 1.51. The firm has a fifty day simple moving average of $164.60 and a 200-day simple moving average of $142.69. Advanced Drainage Systems, Inc. has a one year low of $84.71 and a one year high of $176.31.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Thursday, February 8th. The construction company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.44. The business had revenue of $662.37 million during the quarter, compared to analyst estimates of $632.69 million. Advanced Drainage Systems had a return on equity of 49.79% and a net margin of 17.65%. Advanced Drainage Systems’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the company posted $0.99 EPS. As a group, sell-side analysts predict that Advanced Drainage Systems, Inc. will post 6.09 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.56 annualized dividend and a dividend yield of 0.33%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 8.90%.

Advanced Drainage Systems Profile

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.