Swedbank AB Acquires 26,581 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Swedbank AB boosted its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 2.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,308,821 shares of the construction company’s stock after purchasing an additional 26,581 shares during the quarter. Swedbank AB owned about 1.69% of Advanced Drainage Systems worth $209,922,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of WMS. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Advanced Drainage Systems by 319.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company’s stock worth $26,000 after purchasing an additional 115 shares during the period. GAMMA Investing LLC purchased a new position in Advanced Drainage Systems during the fourth quarter worth $28,000. Rise Advisors LLC purchased a new stake in shares of Advanced Drainage Systems in the first quarter valued at $32,000. Avalon Trust Co bought a new stake in shares of Advanced Drainage Systems in the 4th quarter worth about $38,000. Finally, Tobam bought a new stake in shares of Advanced Drainage Systems in the 1st quarter worth about $56,000. Institutional investors own 89.83% of the company’s stock.

Insider Activity at Advanced Drainage Systems

In related news, insider D. Scott Barbour sold 85,938 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $174.10, for a total transaction of $14,961,805.80. Following the completion of the sale, the insider now directly owns 45,994 shares in the company, valued at $8,007,555.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Advanced Drainage Systems news, insider Tim A. Makowski sold 3,800 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $170.68, for a total value of $648,584.00. Following the completion of the sale, the insider now owns 4,530 shares in the company, valued at approximately $773,180.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider D. Scott Barbour sold 85,938 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $174.10, for a total value of $14,961,805.80. Following the transaction, the insider now owns 45,994 shares in the company, valued at $8,007,555.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 176,004 shares of company stock valued at $30,547,285. 2.05% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

WMS has been the subject of several research analyst reports. Robert W. Baird decreased their target price on Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Barclays lowered their price objective on shares of Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. KeyCorp raised their target price on shares of Advanced Drainage Systems from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Oppenheimer reiterated an “outperform” rating and issued a $192.00 price target on shares of Advanced Drainage Systems in a report on Thursday. Finally, Loop Capital decreased their target price on Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating for the company in a research report on Monday. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $190.14.

Advanced Drainage Systems Stock Performance

Advanced Drainage Systems stock traded down $0.91 during mid-day trading on Friday, hitting $148.15. The company had a trading volume of 358,355 shares, compared to its average volume of 502,706. The company has a current ratio of 2.89, a quick ratio of 1.90 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $11.48 billion, a price-to-earnings ratio of 23.00, a P/E/G ratio of 1.19 and a beta of 1.55. The company’s fifty day moving average is $162.26 and its 200-day moving average is $163.22. Advanced Drainage Systems, Inc. has a 12-month low of $102.32 and a 12-month high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, May 16th. The construction company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.28. The company had revenue of $653.80 million for the quarter, compared to the consensus estimate of $611.99 million. Advanced Drainage Systems had a return on equity of 43.60% and a net margin of 17.09%. Advanced Drainage Systems’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.06 earnings per share. Equities research analysts predict that Advanced Drainage Systems, Inc. will post 7.18 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.64 annualized dividend and a dividend yield of 0.43%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 9.94%.

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.