Advanced Drainage Systems Inc (NYSE:WMS) insider Tim A. Makowski sold 600 shares of Advanced Drainage Systems stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $24.99, for a total transaction of $14,994.00. Following the transaction, the insider now directly owns 5,296 shares in the company, valued at $132,347.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

WMS stock traded up $0.08 during trading on Friday, hitting $25.52. 4,910 shares of the company’s stock traded hands, compared to its average volume of 318,140. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 31.54 and a beta of 0.99. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.24 and a quick ratio of 0.95. Advanced Drainage Systems Inc has a 52 week low of $23.04 and a 52 week high of $33.50.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, February 7th. The construction company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.06). Advanced Drainage Systems had a return on equity of 37.87% and a net margin of 4.98%. The company had revenue of $318.11 million during the quarter, compared to analyst estimates of $339.61 million. During the same period in the previous year, the company earned $0.28 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, analysts expect that Advanced Drainage Systems Inc will post 1.18 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, February 28th. Advanced Drainage Systems’s payout ratio is 39.51%.

A number of research analysts have weighed in on WMS shares. Citigroup reduced their price target on shares of Advanced Drainage Systems from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, January 4th. Zacks Investment Research cut shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research report on Saturday, January 12th. Barclays reduced their target price on shares of Advanced Drainage Systems from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, December 12th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Advanced Drainage Systems in a research report on Friday, November 16th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $30.50.

Hedge funds and other institutional investors have recently modified their holdings of the business. Pearl River Capital LLC acquired a new stake in Advanced Drainage Systems in the 4th quarter valued at about $26,000. Tortoise Index Solutions LLC acquired a new position in shares of Advanced Drainage Systems in the 4th quarter valued at about $39,000. NumerixS Investment Technologies Inc increased its holdings in shares of Advanced Drainage Systems by 250.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 2,100 shares of the construction company’s stock valued at $51,000 after purchasing an additional 1,500 shares during the period. Quantamental Technologies LLC acquired a new position in shares of Advanced Drainage Systems in the 4th quarter valued at about $56,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Advanced Drainage Systems by 5,933.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,344 shares of the construction company’s stock valued at $134,000 after purchasing an additional 4,272 shares during the period. 79.06% of the stock is owned by institutional investors.

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About Advanced Drainage Systems

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States and internationally. The company offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.

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Insider Buying and Selling by Quarter for Advanced Drainage Systems (NYSE:WMS)

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