Wells Fargo & Company MN Has $913,000 Position in Advanced Drainage Systems Inc (WMS)

Wells Fargo & Company MN boosted its stake in shares of Advanced Drainage Systems Inc (NYSE:WMS) by 53.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,121 shares of the construction company’s stock after acquiring an additional 15,769 shares during the quarter. Wells Fargo & Company MN’s holdings in Advanced Drainage Systems were worth $913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of WMS. BNP Paribas Arbitrage SA boosted its holdings in Advanced Drainage Systems by 133.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,259 shares of the construction company’s stock valued at $106,000 after acquiring an additional 3,006 shares during the period. FMR LLC purchased a new stake in Advanced Drainage Systems during the 2nd quarter valued at about $245,000. Voya Investment Management LLC boosted its holdings in Advanced Drainage Systems by 19.3% during the 2nd quarter. Voya Investment Management LLC now owns 15,631 shares of the construction company’s stock valued at $314,000 after acquiring an additional 2,525 shares during the period. Sei Investments Co. boosted its holdings in Advanced Drainage Systems by 50.0% during the 3rd quarter. Sei Investments Co. now owns 15,525 shares of the construction company’s stock valued at $314,000 after acquiring an additional 5,178 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Advanced Drainage Systems during the 3rd quarter valued at about $320,000. Institutional investors own 80.60% of the company’s stock.

In other Advanced Drainage Systems news, COO Thomas M. Fussner sold 18,325 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $23.67, for a total value of $433,752.75. Following the completion of the sale, the chief operating officer now owns 549,519 shares in the company, valued at approximately $13,007,114.73. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Ronald R. Vitarelli sold 5,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $23.04, for a total value of $115,200.00. Following the completion of the sale, the chief operating officer now owns 54,698 shares of the company’s stock, valued at approximately $1,260,241.92. The disclosure for this sale can be found here. Company insiders own 21.43% of the company’s stock.

WMS has been the subject of several analyst reports. Robert W. Baird increased their target price on Advanced Drainage Systems from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Citigroup initiated coverage on Advanced Drainage Systems in a report on Wednesday, November 29th. They set a “neutral” rating and a $26.00 target price for the company. ValuEngine upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Barclays initiated coverage on Advanced Drainage Systems in a report on Wednesday, December 20th. They set an “equal weight” rating and a $24.00 target price for the company. Finally, Zacks Investment Research upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $24.60.

Shares of Advanced Drainage Systems Inc (NYSE:WMS) opened at $24.70 on Friday. Advanced Drainage Systems Inc has a fifty-two week low of $17.90 and a fifty-two week high of $25.20. The company has a debt-to-equity ratio of 4.47, a current ratio of 2.26 and a quick ratio of 1.32. The firm has a market capitalization of $1,378.70, a P/E ratio of 66.76 and a beta of 1.04.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.08). Advanced Drainage Systems had a return on equity of 41.08% and a net margin of 1.97%. The business had revenue of $401.00 million during the quarter, compared to analysts’ expectations of $376.45 million. During the same quarter last year, the business posted $0.35 EPS. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. sell-side analysts forecast that Advanced Drainage Systems Inc will post 0.53 earnings per share for the current year.

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Advanced Drainage Systems Profile

Advanced Drainage Systems, Inc is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States.

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Institutional Ownership by Quarter for Advanced Drainage Systems (NYSE:WMS)

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