ValuEngine upgraded shares of Advanced Drainage Systems, Inc. (NYSE:WMS) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

Several other equities analysts have also weighed in on the company. TheStreet lowered Advanced Drainage Systems from a b- rating to a c+ rating in a research note on Wednesday, October 25th. Zacks Investment Research raised Advanced Drainage Systems from a sell rating to a hold rating in a research report on Thursday, October 5th. Robert W. Baird reissued a buy rating and set a $25.00 price target on shares of Advanced Drainage Systems in a research report on Wednesday, October 4th. BidaskClub lowered Advanced Drainage Systems from a hold rating to a sell rating in a research report on Wednesday, August 16th. Finally, Boenning Scattergood reissued a hold rating on shares of Advanced Drainage Systems in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $24.00.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Wednesday, January 10th. The construction company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.08). The firm had revenue of $401.00 million during the quarter, compared to analyst estimates of $376.45 million. Advanced Drainage Systems had a net margin of 2.50% and a return on equity of 62.10%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 earnings per share.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.28 annualized dividend and a yield of 1.37%. Advanced Drainage Systems’s dividend payout ratio is presently 60.87%.

In other Advanced Drainage Systems news, EVP Robert M. Klein sold 20,000 shares of Advanced Drainage Systems stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $20.77, for a total transaction of $415,400.00. Following the sale, the executive vice president now directly owns 340,205 shares in the company, valued at approximately $7,066,057.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Berkshire Partners Holdings Ll acquired 3,446,293 shares of the company’s stock in a transaction on Monday, August 7th. The shares were acquired at an average price of $20.32 per share, for a total transaction of $70,028,673.76. The disclosure for this purchase can be found here. 21.43% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of WMS. Wells Fargo & Company MN increased its holdings in Advanced Drainage Systems by 19.3% during the 1st quarter. Wells Fargo & Company MN now owns 32,136 shares of the construction company’s stock worth $703,000 after purchasing an additional 5,205 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Advanced Drainage Systems by 3.7% in the 1st quarter. Bank of New York Mellon Corp now owns 299,989 shares of the construction company’s stock valued at $6,569,000 after acquiring an additional 10,730 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Advanced Drainage Systems by 44.2% in the 1st quarter. Ameriprise Financial Inc. now owns 90,740 shares of the construction company’s stock valued at $1,987,000 after acquiring an additional 27,827 shares during the last quarter. American International Group Inc. increased its holdings in shares of Advanced Drainage Systems by 7.1% in the 1st quarter. American International Group Inc. now owns 21,387 shares of the construction company’s stock valued at $468,000 after acquiring an additional 1,415 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Advanced Drainage Systems by 7.1% in the 1st quarter. Principal Financial Group Inc. now owns 30,454 shares of the construction company’s stock valued at $667,000 after acquiring an additional 2,023 shares during the last quarter. Institutional investors own 78.67% of the company’s stock.

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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