Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. cut its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,200 shares of the construction company's stock after selling 6,000 shares during the quarter. Duff & Phelps Investment Management Co. owned 0.15% of Advanced Drainage Systems worth $16,764,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. abrdn plc raised its holdings in Advanced Drainage Systems by 164.6% in the 4th quarter. abrdn plc now owns 377,587 shares of the construction company's stock valued at $53,104,000 after buying an additional 234,883 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Advanced Drainage Systems during the fourth quarter valued at $32,122,000. William Blair Investment Management LLC lifted its holdings in shares of Advanced Drainage Systems by 13.3% during the third quarter. William Blair Investment Management LLC now owns 1,445,326 shares of the construction company's stock worth $164,521,000 after purchasing an additional 169,517 shares during the period. Adage Capital Partners GP L.L.C. bought a new stake in shares of Advanced Drainage Systems in the third quarter worth $17,074,000. Finally, Invesco Ltd. increased its holdings in Advanced Drainage Systems by 8.1% in the third quarter. Invesco Ltd. now owns 1,385,780 shares of the construction company's stock valued at $157,743,000 after purchasing an additional 104,272 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Insider Activity at Advanced Drainage Systems

In other Advanced Drainage Systems news, EVP Michael G. Huebert sold 10,000 shares of the business's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $163.52, for a total value of $1,635,200.00. Following the transaction, the executive vice president now owns 13,450 shares of the company's stock, valued at $2,199,344. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Advanced Drainage Systems news, EVP Michael G. Huebert sold 10,000 shares of Advanced Drainage Systems stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $163.52, for a total value of $1,635,200.00. Following the sale, the executive vice president now owns 13,450 shares of the company's stock, valued at $2,199,344. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ross M. Jones sold 762,895 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $163.00, for a total transaction of $124,351,885.00. Following the transaction, the director now directly owns 70,749 shares of the company's stock, valued at $11,532,087. The disclosure for this sale can be found here. 3.79% of the stock is currently owned by company insiders.

Advanced Drainage Systems Stock Up 1.0 %

WMS traded up $1.52 during midday trading on Wednesday, reaching $158.52. 678,270 shares of the company were exchanged, compared to its average volume of 461,902. Advanced Drainage Systems, Inc. has a one year low of $81.25 and a one year high of $176.31. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.04 and a current ratio of 3.03. The company's fifty day moving average price is $164.51 and its 200 day moving average price is $141.32. The company has a market cap of $12.30 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 1.43 and a beta of 1.50.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The construction company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.44. Advanced Drainage Systems had a return on equity of 49.79% and a net margin of 17.65%. The business had revenue of $662.37 million for the quarter, compared to analysts' expectations of $632.69 million. During the same period last year, the business earned $0.99 EPS. The business's revenue was up 1.1% on a year-over-year basis. As a group, analysts expect that Advanced Drainage Systems, Inc. will post 6.09 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Thursday, February 29th. Advanced Drainage Systems's dividend payout ratio is presently 8.90%.

Analyst Ratings Changes

WMS has been the topic of several recent research reports. Oppenheimer lifted their target price on Advanced Drainage Systems from $172.00 to $180.00 and gave the stock an "outperform" rating in a report on Thursday, April 18th. Stephens lifted their target price on Advanced Drainage Systems from $138.00 to $182.00 and gave the stock an "overweight" rating in a report on Friday, February 9th. KeyCorp lifted their price objective on shares of Advanced Drainage Systems from $160.00 to $185.00 and gave the company an "overweight" rating in a research note on Friday, February 9th. Finally, StockNews.com lowered shares of Advanced Drainage Systems from a "buy" rating to a "hold" rating in a report on Monday, April 8th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $159.13.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.