Advanced Drainage Systems, Inc. (NYSE:WMS) EVP Robert M. Klein sold 20,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $20.77, for a total transaction of $415,400.00. Following the completion of the transaction, the executive vice president now directly owns 340,205 shares in the company, valued at $7,066,057.85. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Advanced Drainage Systems, Inc. (NYSE:WMS) opened at 20.85 on Friday. The firm has a 50-day moving average of $20.15 and a 200-day moving average of $21.05. The firm has a market cap of $1.15 billion, a P/E ratio of 42.29 and a beta of 0.93. Advanced Drainage Systems, Inc. has a 12-month low of $18.40 and a 12-month high of $26.30.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.06). Advanced Drainage Systems had a net margin of 2.50% and a return on equity of 62.10%. The business had revenue of $358.36 million during the quarter, compared to analysts’ expectations of $372.63 million. During the same period last year, the company earned $0.29 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts forecast that Advanced Drainage Systems, Inc. will post $1.09 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Wednesday, August 30th. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 60.87%.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA lifted its holdings in shares of Advanced Drainage Systems by 133.4% in the second quarter. BNP Paribas Arbitrage SA now owns 5,259 shares of the construction company’s stock valued at $106,000 after purchasing an additional 3,006 shares in the last quarter. Sei Investments Co. purchased a new stake in shares of Advanced Drainage Systems in the first quarter valued at about $157,000. Manchester Capital Management LLC lifted its holdings in shares of Advanced Drainage Systems by 1.0% in the second quarter. Manchester Capital Management LLC now owns 9,770 shares of the construction company’s stock valued at $196,000 after purchasing an additional 100 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in shares of Advanced Drainage Systems in the first quarter valued at about $238,000. Finally, FMR LLC purchased a new stake in shares of Advanced Drainage Systems in the second quarter valued at about $245,000. 78.79% of the stock is currently owned by institutional investors.

A number of research analysts recently weighed in on WMS shares. BidaskClub lowered shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Boenning Scattergood reaffirmed a “hold” rating on shares of Advanced Drainage Systems in a research note on Thursday, May 25th. Zacks Investment Research raised shares of Advanced Drainage Systems from a “sell” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Thursday, July 13th. ValuEngine lowered shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $24.00 price target on shares of Advanced Drainage Systems in a research note on Friday, September 8th. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Advanced Drainage Systems presently has an average rating of “Hold” and an average target price of $23.67.

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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