The company’s most recent 13F filing with the SEC shows that during the fourth quarter, Cerity Partners LLC increased its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS – Free Report) by 428.8%. Following its purchase of 18,204 shares during the quarter, the fund now held 22,449 shares of the construction company’s stock. The latest reporting period’s value of Advanced Drainage Systems’s holdings by Cerity Partners LLC was $3,157,000.
Institutional investors, including hedge funds, have also bought and sold WMS shares. William Blair Investment Management LLC added 13.3% to its holdings of Advanced Drainage Systems shares during the third quarter. William Blair Investment Management LLC presently owns 1,445,326 shares of the construction company’s stock, valued at $164,521,000, after purchasing an additional 169,517 shares in the most recent quarter.
In the third quarter of 2018, Vanguard Group Inc. increased its ownership of Advanced Drainage Systems by 1.0%. After buying an additional 65,038 shares during the period, Vanguard Group Inc. currently holds 6,878,726 shares of the construction company’s stock, valued at $783,005,000. The Advanced Drainage Systems stock that Pacer Advisors Inc. held during the fourth quarter saw a growth of 82.9%. Upon acquiring an additional 6,343 shares during the most recent quarter, Pacer Advisors Inc. currently holds 13,990 shares of the construction company’s stock, valued at $1,968,000.
The third-quarter holdings of Advanced Drainage Systems shares held by New York Life Investment Management LLC increased by 113.9%. Following the acquisition of 3,896 more shares during the period, New York Life Investment Management LLC currently holds 7,316 shares of the construction company’s stock, valued at $833,000. The fourth quarter saw an 18.1% increase in Raymond James & Associates’ holdings of Advanced Drainage Systems shares. Following its acquisition of 6,467 shares during the most recent quarter, Raymond James & Associates currently holds 42,273 shares of the construction company’s stock, valued at $5,945,000. At the moment, institutional investors own 89.83% of the company.
The price performance of Advanced Drainage Systems
(NYSE WMS) opened at $156.87 on Thursday. The company’s 200-day moving average is $138.47, and its fifty-day moving average is $164.93. The 52-week low and 52-week high for Advanced Drainage Systems, Inc. are $80.41 and $176.31, respectively. The company’s quick ratio is 2.04, current ratio is 3.03, and debt-to-equity ratio is 1.18. The business is valued at $12.18 billion on the market, with a price-to-earnings-growth ratio of 1.41, a beta of 1.50, a PE ratio of 24.94, and a market capitalization of 1.41 billion.
Last Thursday, February 8th, was when Advanced Drainage Systems (NYSE:WMS – Get Free Report) released its quarterly earnings record. The construction company yielded $1.37 earnings per share for the quarter, which was $0.44 more than the $0.93 analysts had predicted. For the quarter, the company’s revenue came in at $662.37 million as opposed to the $632.69 million analysts had projected. With a 17.65% net margin, Advanced Drainage Systems had a 49.79% return on equity. Compared to the previous year, the company’s quarterly revenue increased by 1.1%. By comparison, the company made $0.99 EPS in the same period last year. The current year earnings per share for Advanced Drainage Systems, Inc. are expected to be 6.07 by sell-side analysts.
Dividend Announced by Advanced Drainage Systems
A quarterly dividend that was paid on Friday, March 15th, was also recently disclosed by the company. A $0.14 dividend was distributed to stockholders who were of record on Friday, March 1. This dividend was exempt from taxes on Thursday, February 29. On an annualized basis, this amounts to a $0.56 dividend with a 0.36% dividend yield. At present, Advanced Drainage Systems has a dividend payout ratio (DPR) of 8.90%.
Modifications to Analyst Ratings
The stock has been discussed by several equities research analysts. On Friday, February 9th, KeyCorp released a research report raising their target price for Advanced Drainage Systems shares from $160.00 to $185.00 and rating the stock as “overweight.” On Monday, April 8, StockNews.com downgraded Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research report.
In a research report released on Friday, February 9th, Stephens finally increased their target price for Advanced Drainage Systems from $138.00 to $182.00 and rated the stock as “overweight.” Six investment analysts have rated the stock as a buy, while two have given it a hold rating. MarketBeat reports that the current consensus price target for Advanced Drainage Systems is $155.13, with a rating of “Moderate Buy.”
View Our Most Recent Report on Advanced Drainage Systems
Information Sharing
Relevantly, on March 6th, EVP Michael G. Huebert completed the sale of 10,000 shares of the company’s stock. With an average price of $163.52, the shares were sold for a total of $1,635,200.00. After the deal was finalized, the executive vice president presently possesses 13,450 shares of the business, which is worth roughly $2,199,344. The Securities & Exchange Commission has made the sale public in a legal filing that can be viewed by clicking this link.
Related news: on March 6th, Wednesday, EVP Michael G. Huebert sold 10,000 shares of Advanced Drainage Systems stock. An aggregate of $1,635,200.00 was transacted when the stock was sold, with an average price of $163.52. After the sale, the executive vice president is now worth about $2,199,344 and has 13,450 shares of the company’s stock. The Securities and Exchange Commission filed a report, which is available on their website, disclosing the sale.
In a transaction that took place on Wednesday, February 28th, Director Ross M. Jones also sold 762,895 shares of the company’s stock. For a total value of $124,351,885.00, the stock was sold at an average price of $163.00. After the transaction was completed, the director is now worth $11,532,087 and has 70,749 shares of the company’s stock. Please find attached the disclosure pertaining to this sale. An insider’s holding of 3.79% of the company’s equity.
A Free Report on the Profile of Advanced Drainage Systems
Designed, manufactured, and marketed for use in the construction and agricultural markets in the United States, Canada, Mexico, and worldwide, Advanced Drainage Systems, Inc. produces thermoplastic corrugated pipes and related water management products in addition to drainage solutions. Pipe, International, Infiltrator, and Allied Products & Other are the company’s operating segments.