Advanced Drainage Systems Inc (NYSE:WMS) major shareholder Berkshire Partners Holdings Ll acquired 1,500,000 shares of the business’s stock in a transaction on Tuesday, August 28th. The shares were purchased at an average price of $30.08 per share, for a total transaction of $45,120,000.00. Following the purchase, the insider now directly owns 745,556 shares of the company’s stock, valued at $22,426,324.48. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Shares of Advanced Drainage Systems stock opened at $33.10 on Friday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.10 and a current ratio of 2.22. The company has a market cap of $1.84 billion, a PE ratio of 40.12 and a beta of 0.89. Advanced Drainage Systems Inc has a twelve month low of $17.90 and a twelve month high of $33.50.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Thursday, August 9th. The construction company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.11. The business had revenue of $387.85 million for the quarter, compared to analysts’ expectations of $382.67 million. Advanced Drainage Systems had a return on equity of 47.60% and a net margin of 5.43%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. research analysts expect that Advanced Drainage Systems Inc will post 1.1 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 31st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, August 30th. Advanced Drainage Systems’s payout ratio is 39.51%.

Several analysts have issued reports on WMS shares. Barclays upped their price objective on Advanced Drainage Systems from $25.00 to $29.00 and gave the company a “hold” rating in a research note on Wednesday, May 30th. Robert W. Baird upped their price objective on Advanced Drainage Systems from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, May 30th. ValuEngine upgraded Advanced Drainage Systems from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Zacks Investment Research upgraded Advanced Drainage Systems from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a research note on Tuesday, June 5th. Finally, Citigroup upped their price objective on Advanced Drainage Systems from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, July 23rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $32.25.

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Advanced Drainage Systems during the 2nd quarter worth approximately $101,000. Manchester Capital Management LLC raised its position in shares of Advanced Drainage Systems by 133.6% during the 1st quarter. Manchester Capital Management LLC now owns 6,820 shares of the construction company’s stock worth $177,000 after purchasing an additional 3,900 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of Advanced Drainage Systems during the 1st quarter worth approximately $207,000. Trexquant Investment LP acquired a new stake in shares of Advanced Drainage Systems during the 1st quarter worth approximately $257,000. Finally, Hanseatic Management Services Inc. acquired a new stake in shares of Advanced Drainage Systems during the 1st quarter worth approximately $290,000. Institutional investors and hedge funds own 78.10% of the company’s stock.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States and internationally. The company offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.

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