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Insider Selling: Advanced Drainage Systems Inc (NYSE:WMS) Director Sells 2,400 Shares of Stock

Posted on Tuesday, June 2nd, 2020 by MarketBeat

Advanced Drainage Systems Inc (NYSE:WMS) Director Alexander R. Fischer sold 2,400 shares of the company's stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $43.95, for a total value of $105,480.00. Following the transaction, the director now owns 21,110 shares of the company's stock, valued at approximately $927,784.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NYSE WMS traded up $0.50 during trading on Tuesday, reaching $45.68. The company had a trading volume of 387,798 shares, compared to its average volume of 473,850. Advanced Drainage Systems Inc has a 12-month low of $22.13 and a 12-month high of $51.60. The stock has a market cap of $3.82 billion, a PE ratio of -12.45 and a beta of 1.42. The business's 50-day moving average is $39.35 and its 200 day moving average is $39.14. The company has a quick ratio of 1.19, a current ratio of 2.37 and a debt-to-equity ratio of 2.00.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, May 21st. The construction company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). Advanced Drainage Systems had a positive return on equity of 14.65% and a negative net margin of 11.62%. The company had revenue of $370.80 million during the quarter, compared to analysts' expectations of $371.11 million. During the same period in the prior year, the company posted $0.01 earnings per share. The company's revenue was up 36.2% on a year-over-year basis. On average, analysts anticipate that Advanced Drainage Systems Inc will post 1.29 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.79%. Advanced Drainage Systems's dividend payout ratio is currently -11.21%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Robecosam AG boosted its position in shares of Advanced Drainage Systems by 98.1% during the fourth quarter. Robecosam AG now owns 252,983 shares of the construction company's stock valued at $39,000 after buying an additional 125,251 shares during the last quarter. Advisor Group Holdings Inc. purchased a new stake in shares of Advanced Drainage Systems during the first quarter valued at $68,000. Acadian Asset Management LLC purchased a new stake in shares of Advanced Drainage Systems during the fourth quarter valued at $103,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Advanced Drainage Systems during the first quarter valued at $120,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Advanced Drainage Systems by 25.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,197 shares of the construction company's stock valued at $124,000 after buying an additional 864 shares during the last quarter. 66.72% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on WMS shares. TheStreet upgraded Advanced Drainage Systems from a "c+" rating to a "b" rating in a report on Thursday, February 6th. Barclays increased their price objective on Advanced Drainage Systems from $41.00 to $48.00 and gave the stock an "overweight" rating in a report on Friday, May 22nd. Zacks Investment Research reiterated a "hold" rating on shares of Advanced Drainage Systems in a report on Saturday. ValuEngine upgraded Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Tuesday, February 11th. Finally, Robert W. Baird increased their price objective on Advanced Drainage Systems from $40.00 to $51.00 and gave the stock an "outperform" rating in a report on Friday, May 22nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of "Buy" and a consensus target price of $44.20.

Advanced Drainage Systems Company Profile

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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