Insider Selling: Advanced Drainage Systems, Inc. (WMS) COO Sells 5,000 Shares of Stock
Advanced Drainage Systems, Inc. (NYSE:WMS) COO Ronald R. Vitarelli sold 5,000 shares of the company’s 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 transaction, the chief operating officer now directly owns 54,698 shares of the company’s stock, valued at $1,260,241.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Advanced Drainage Systems, Inc. (NYSE:WMS) traded up $0.30 on Friday, hitting $22.75. The company had a trading volume of 994,000 shares, compared to its average volume of 362,041. The company has a debt-to-equity ratio of 4.47, a current ratio of 2.26 and a quick ratio of 1.32. Advanced Drainage Systems, Inc. has a 52-week low of $17.90 and a 52-week high of $26.30. The stock has a market capitalization of $1,294.81, a PE ratio of 66.14 and a beta of 1.04.
Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $401.00 million for the quarter, compared to analysts’ expectations of $376.45 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. sell-side analysts predict that Advanced Drainage Systems, Inc. will post 0.53 EPS for the current year.
Several research analysts have recently weighed in on WMS shares. Robert W. Baird reaffirmed a “buy” rating and set a $24.00 target price on shares of Advanced Drainage Systems in a research note on Friday, September 8th. Zacks Investment Research raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. TheStreet downgraded Advanced Drainage Systems from a “b-” rating to a “c+” rating in a research note on Wednesday, October 25th. ValuEngine raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Citigroup initiated coverage on Advanced Drainage Systems in a research report on Wednesday, November 29th. They set a “neutral” rating and a $26.00 price target for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Advanced Drainage Systems presently has an average rating of “Hold” and a consensus price target of $24.75.
A number of large investors have recently modified their holdings of WMS. Berkshire Partners LLC grew its holdings in Advanced Drainage Systems by 154.4% in the 3rd quarter. Berkshire Partners LLC now owns 5,257,355 shares of the construction company’s stock valued at $106,461,000 after buying an additional 3,191,003 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new stake in Advanced Drainage Systems in the 3rd quarter valued at $26,964,000. GCA Investment Management LLC purchased a new stake in Advanced Drainage Systems in the 2nd quarter valued at $16,841,000. Russell Investments Group Ltd. purchased a new stake in Advanced Drainage Systems in the 3rd quarter valued at $9,196,000. Finally, Stockbridge Partners LLC grew its holdings in Advanced Drainage Systems by 12.8% in the 3rd quarter. Stockbridge Partners LLC now owns 3,756,420 shares of the construction company’s stock valued at $76,068,000 after buying an additional 425,251 shares in the last quarter. Institutional investors own 80.58% of the company’s stock.
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About Advanced Drainage Systems
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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