Amundi Pioneer Asset Management Inc. purchased a new stake in Advanced Drainage Systems Inc (NYSE:WMS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 582,498 shares of the construction company’s stock, valued at approximately $13,892,000. Amundi Pioneer Asset Management Inc. owned 1.04% of Advanced Drainage Systems at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. UBS Asset Management Americas Inc. bought a new stake in Advanced Drainage Systems in the 4th quarter valued at $221,000. Valeo Financial Advisors LLC bought a new stake in Advanced Drainage Systems in the 4th quarter valued at $298,000. Jane Street Group LLC bought a new stake in Advanced Drainage Systems in the 3rd quarter valued at $264,000. Teacher Retirement System of Texas bought a new stake in Advanced Drainage Systems in the 4th quarter valued at $318,000. Finally, Sei Investments Co. increased its holdings in Advanced Drainage Systems by 50.0% in the 3rd quarter. Sei Investments Co. now owns 15,525 shares of the construction company’s stock valued at $314,000 after buying an additional 5,178 shares during the period. 80.40% of the stock is currently owned by hedge funds and other institutional investors.
WMS has been the topic of several analyst reports. Citigroup initiated coverage on shares of Advanced Drainage Systems in a report on Wednesday, November 29th. They issued a “neutral” rating and a $26.00 price target on the stock. ValuEngine raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Zacks Investment Research raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating and set a $30.00 price target on the stock in a report on Wednesday, February 14th. Barclays initiated coverage on shares of Advanced Drainage Systems in a report on Wednesday, December 20th. They issued an “equal weight” rating and a $24.00 price target on the stock. Finally, TheStreet raised shares of Advanced Drainage Systems from a “c+” rating to a “b-” rating in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $27.00.
Shares of Advanced Drainage Systems Inc (NYSE WMS) opened at $25.95 on Friday. The company has a quick ratio of 1.01, a current ratio of 2.10 and a debt-to-equity ratio of 2.44. Advanced Drainage Systems Inc has a fifty-two week low of $17.90 and a fifty-two week high of $28.15. The firm has a market cap of $1,500.00, a PE ratio of 52.30 and a beta of 0.91.
Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Thursday, February 8th. The construction company reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.27. Advanced Drainage Systems had a net margin of 3.67% and a return on equity of 45.42%. The business had revenue of $320.83 million for the quarter, compared to analyst estimates of $320.41 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. research analysts expect that Advanced Drainage Systems Inc will post 0.73 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Wednesday, February 28th. Advanced Drainage Systems’s payout ratio is 56.00%.
In related news, SVP Ewout Leeuwenburg sold 15,000 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $25.97, for a total transaction of $389,550.00. Following the transaction, the senior vice president now owns 71,615 shares in the company, valued at approximately $1,859,841.55. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Ronald R. Vitarelli sold 5,500 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $27.16, for a total transaction of $149,380.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 132,948 shares of company stock worth $3,558,009. 21.43% of the stock is owned by insiders.
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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