Sonen Capital LLC Has $249,000 Stock Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Sonen Capital LLC cut its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 55.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,772 shares of the construction company’s stock after selling 2,179 shares during the quarter. Sonen Capital LLC’s holdings in Advanced Drainage Systems were worth $249,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WMS. NBC Securities Inc. acquired a new position in Advanced Drainage Systems during the 3rd quarter worth approximately $25,000. Contravisory Investment Management Inc. acquired a new position in shares of Advanced Drainage Systems during the fourth quarter worth $27,000. GAMMA Investing LLC bought a new position in shares of Advanced Drainage Systems in the 4th quarter valued at $28,000. ORG Partners LLC acquired a new stake in shares of Advanced Drainage Systems during the 4th quarter valued at $60,000. Finally, Headlands Technologies LLC bought a new stake in Advanced Drainage Systems during the 3rd quarter worth $82,000. Institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on WMS. Oppenheimer increased their target price on Advanced Drainage Systems from $172.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. StockNews.com downgraded Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. KeyCorp lifted their target price on shares of Advanced Drainage Systems from $160.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Finally, Stephens upped their price target on shares of Advanced Drainage Systems from $138.00 to $182.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Drainage Systems presently has an average rating of “Moderate Buy” and a consensus price target of $159.13.

Insider Activity at Advanced Drainage Systems

In other Advanced Drainage Systems news, Director Ross M. Jones sold 762,895 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $163.00, for a total value of $124,351,885.00. Following the transaction, the director now directly owns 70,749 shares of the company’s stock, valued at $11,532,087. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Michael G. Huebert sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $163.52, for a total value of $1,635,200.00. Following the completion of the sale, the executive vice president now directly owns 13,450 shares in the company, valued at approximately $2,199,344. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ross M. Jones sold 762,895 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $163.00, for a total value of $124,351,885.00. Following the transaction, the director now directly owns 70,749 shares in the company, valued at $11,532,087. The disclosure for this sale can be found here. 3.79% of the stock is owned by corporate insiders.

Advanced Drainage Systems Stock Performance

Shares of WMS stock opened at $162.70 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.03 and a quick ratio of 2.04. Advanced Drainage Systems, Inc. has a one year low of $80.98 and a one year high of $176.31. The business’s 50 day simple moving average is $164.59 and its 200 day simple moving average is $140.60. The stock has a market capitalization of $12.63 billion, a PE ratio of 25.87, a PEG ratio of 1.43 and a beta of 1.50.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, February 8th. The construction company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.44. Advanced Drainage Systems had a net margin of 17.65% and a return on equity of 49.79%. The company had revenue of $662.37 million during the quarter, compared to analysts’ expectations of $632.69 million. During the same period in the prior year, the company posted $0.99 earnings per share. Advanced Drainage Systems’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, research analysts forecast that Advanced Drainage Systems, Inc. will post 6.09 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend was Thursday, February 29th. Advanced Drainage Systems’s dividend payout ratio is 8.90%.

About Advanced Drainage Systems

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.