Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Sebold Capital Management Inc.

Sebold Capital Management Inc. lessened its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 20.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,000 shares of the construction company’s stock after selling 500 shares during the quarter. Sebold Capital Management Inc.’s holdings in Advanced Drainage Systems were worth $281,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in WMS. NBC Securities Inc. acquired a new position in Advanced Drainage Systems during the 3rd quarter valued at approximately $25,000. Contravisory Investment Management Inc. acquired a new stake in shares of Advanced Drainage Systems in the 4th quarter worth about $27,000. Neo Ivy Capital Management acquired a new position in Advanced Drainage Systems during the 2nd quarter valued at about $33,000. Quadrant Capital Group LLC grew its holdings in Advanced Drainage Systems by 420.7% in the 2nd quarter. Quadrant Capital Group LLC now owns 302 shares of the construction company’s stock worth $34,000 after buying an additional 244 shares in the last quarter. Finally, Belpointe Asset Management LLC raised its stake in Advanced Drainage Systems by 47.8% during the 1st quarter. Belpointe Asset Management LLC now owns 495 shares of the construction company’s stock valued at $42,000 after acquiring an additional 160 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Performance

Shares of WMS opened at $171.44 on Thursday. The company has a market capitalization of $13.31 billion, a PE ratio of 27.26, a PEG ratio of 2.12 and a beta of 1.50. Advanced Drainage Systems, Inc. has a 52 week low of $75.76 and a 52 week high of $176.31. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.04 and a current ratio of 3.03. The company’s 50 day moving average price is $154.76 and its 200 day moving average price is $133.26.

Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Thursday, February 8th. The construction company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.44. The firm had revenue of $662.37 million during the quarter, compared to analysts’ expectations of $632.69 million. Advanced Drainage Systems had a net margin of 17.65% and a return on equity of 49.79%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.99 earnings per share. Research analysts expect that Advanced Drainage Systems, Inc. will post 6.07 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.56 dividend on an annualized basis and a yield of 0.33%. Advanced Drainage Systems’s payout ratio is presently 8.90%.

Analyst Ratings Changes

Several research firms have recently issued reports on WMS. Barclays increased their price objective on shares of Advanced Drainage Systems from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. StockNews.com raised shares of Advanced Drainage Systems from a “hold” rating to a “buy” rating in a research note on Saturday, March 16th. Stephens raised their target price on shares of Advanced Drainage Systems from $138.00 to $182.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Finally, KeyCorp upped their price target on Advanced Drainage Systems from $160.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, February 9th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $155.13.

Insider Activity

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

Advanced Drainage Systems Profile

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.