Advanced Drainage Systems (NYSE:WMS) Director Robert Eversole Sells 10,569 Shares

Advanced Drainage Systems, Inc. (NYSE:WMS) Director Robert Eversole sold 10,569 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $152.82, for a total value of $1,615,154.58. Following the transaction, the director directly owned 50,076 shares of the company’s stock, valued at $7,652,614.32. The trade was a 17.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Advanced Drainage Systems Price Performance

WMS stock traded down $1.34 during mid-day trading on Friday, hitting $148.71. 574,074 shares of the stock were exchanged, compared to its average volume of 718,004. The stock has a market capitalization of $11.56 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 1.95 and a beta of 1.36. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.48 and a quick ratio of 2.60. Advanced Drainage Systems, Inc. has a 12 month low of $93.92 and a 12 month high of $155.39. The business has a fifty day moving average price of $143.42 and a 200 day moving average price of $131.66.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, November 6th. The construction company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.70 by $0.27. Advanced Drainage Systems had a return on equity of 28.85% and a net margin of 15.35%.The firm had revenue of $850.38 million for the quarter, compared to the consensus estimate of $802.49 million. During the same quarter in the previous year, the business earned $1.70 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. On average, sell-side analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Advanced Drainage Systems’s dividend payout ratio is presently 12.29%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Valeo Financial Advisors LLC grew its stake in shares of Advanced Drainage Systems by 134.8% during the second quarter. Valeo Financial Advisors LLC now owns 5,275 shares of the construction company’s stock valued at $606,000 after acquiring an additional 3,028 shares in the last quarter. Fiduciary Alliance LLC bought a new position in Advanced Drainage Systems in the second quarter worth about $203,000. Truist Financial Corp acquired a new position in Advanced Drainage Systems during the 2nd quarter valued at approximately $211,000. Trexquant Investment LP bought a new position in shares of Advanced Drainage Systems during the first quarter worth about $1,591,000. Finally, United Services Automobile Association bought a new stake in shares of Advanced Drainage Systems during the first quarter valued at approximately $493,000. Institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WMS. UBS Group reaffirmed a “buy” rating and set a $167.00 target price (up previously from $146.00) on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Royal Bank Of Canada upped their target price on shares of Advanced Drainage Systems from $158.00 to $168.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Robert W. Baird set a $166.00 price objective on Advanced Drainage Systems in a report on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $156.56.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.