35,833 Shares in Advanced Drainage Systems, Inc. (NYSE:WMS) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 35,833 shares of the construction company's stock, valued at approximately $5,040,000.

Other large investors also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Advanced Drainage Systems by 4.4% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 336,663 shares of the construction company's stock valued at $47,350,000 after acquiring an additional 14,220 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new position in Advanced Drainage Systems during the fourth quarter worth $315,000. New York State Teachers Retirement System raised its position in Advanced Drainage Systems by 2.1% during the fourth quarter. New York State Teachers Retirement System now owns 44,901 shares of the construction company's stock worth $6,315,000 after acquiring an additional 935 shares in the last quarter. Prime Capital Investment Advisors LLC acquired a new stake in Advanced Drainage Systems in the fourth quarter valued at $233,000. Finally, JB Capital LLC bought a new position in shares of Advanced Drainage Systems in the 4th quarter valued at about $254,000. Institutional investors own 89.83% of the company's stock.

Analysts Set New Price Targets

WMS has been the subject of a number of research analyst reports. Stephens lifted their price objective on shares of Advanced Drainage Systems from $138.00 to $182.00 and gave the stock an "overweight" rating in a research report on Friday, February 9th. StockNews.com upgraded shares of Advanced Drainage Systems from a "hold" rating to a "buy" rating in a research note on Wednesday, May 1st. Oppenheimer raised their price objective on shares of Advanced Drainage Systems from $172.00 to $180.00 and gave the stock an "outperform" rating in a research report on Thursday, April 18th. KeyCorp increased their target price on Advanced Drainage Systems from $160.00 to $185.00 and gave the stock an "overweight" rating in a research note on Friday, February 9th. Finally, Northcoast Research initiated coverage on Advanced Drainage Systems in a research note on Wednesday. They issued a "buy" rating and a $190.00 price target for the company. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $162.56.

Insider Buying and Selling at Advanced Drainage Systems

In related news, EVP Michael G. Huebert sold 10,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $163.52, for a total transaction of $1,635,200.00. Following the sale, the executive vice president now owns 13,450 shares in the company, valued at approximately $2,199,344. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, 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 completion of the sale, the director now owns 70,749 shares of the company's stock, valued at $11,532,087. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael G. Huebert sold 10,000 shares of the business's stock in a transaction dated 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 sale, the executive vice president now owns 13,450 shares in the company, valued at approximately $2,199,344. The disclosure for this sale can be found here. Insiders own 3.79% of the company's stock.

Advanced Drainage Systems Trading Up 2.5 %

Advanced Drainage Systems stock traded up $4.15 during trading hours on Thursday, hitting $172.35. The stock had a trading volume of 326,199 shares, compared to its average volume of 453,610. The stock has a market cap of $13.38 billion, a price-to-earnings ratio of 26.74, a P/E/G ratio of 1.49 and a beta of 1.51. The company has a quick ratio of 2.04, a current ratio of 3.03 and a debt-to-equity ratio of 1.18. The business's 50 day simple moving average is $164.71 and its 200-day simple moving average is $143.28. Advanced Drainage Systems, Inc. has a one year low of $84.71 and a one year high of $176.31.

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

Advanced Drainage Systems Company Profile

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.