Vega Investment Solutions Sells 11,716 Shares of Advanced Drainage Systems, Inc. $WMS

Vega Investment Solutions decreased its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 97.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 274 shares of the construction company’s stock after selling 11,716 shares during the period. Vega Investment Solutions’ holdings in Advanced Drainage Systems were worth $31,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in WMS. Northwestern Mutual Wealth Management Co. lifted its holdings in Advanced Drainage Systems by 352.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock worth $26,000 after acquiring an additional 176 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Advanced Drainage Systems by 177.4% during the second quarter. Parallel Advisors LLC now owns 430 shares of the construction company’s stock worth $49,000 after purchasing an additional 275 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in shares of Advanced Drainage Systems by 341.6% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 658 shares of the construction company’s stock valued at $76,000 after purchasing an additional 509 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Advanced Drainage Systems by 169.8% during the 1st quarter. Covestor Ltd now owns 955 shares of the construction company’s stock valued at $104,000 after purchasing an additional 601 shares in the last quarter. Finally, Twin Tree Management LP grew its position in shares of Advanced Drainage Systems by 644.1% in the 1st quarter. Twin Tree Management LP now owns 1,079 shares of the construction company’s stock valued at $117,000 after purchasing an additional 934 shares during the period. Institutional investors own 89.83% of the company’s stock.

Insider Buying and Selling

In related news, EVP Thomas J. Sr. Waun sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $150.00, for a total transaction of $150,000.00. Following the sale, the executive vice president owned 14,970 shares in the company, valued at approximately $2,245,500. This represents a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Tim A. Makowski sold 4,901 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $149.21, for a total value of $731,278.21. Following the transaction, the insider directly owned 2,467 shares of the company’s stock, valued at $368,101.07. This trade represents a 66.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 97,772 shares of company stock worth $14,605,539 in the last three months. Insiders own 1.63% of the company’s stock.

Advanced Drainage Systems Price Performance

NYSE WMS opened at $148.35 on Tuesday. The firm’s 50 day moving average is $143.86 and its 200-day moving average is $132.37. The company has a quick ratio of 2.60, a current ratio of 3.48 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $11.54 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 1.91 and a beta of 1.36. Advanced Drainage Systems, Inc. has a 12-month low of $93.92 and a 12-month high of $155.39.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, November 6th. The construction company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.27. Advanced Drainage Systems had a net margin of 15.35% and a return on equity of 28.85%. The business had revenue of $850.38 million during the quarter, compared to the consensus estimate of $802.49 million. During the same quarter last year, the firm earned $1.70 earnings per share. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. Equities research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.18 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.72 annualized dividend and a dividend yield of 0.5%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 12.29%.

Analyst Ratings Changes

Several brokerages have commented on WMS. Weiss Ratings restated a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Wednesday, October 8th. Royal Bank Of Canada increased their price objective on shares of Advanced Drainage Systems from $158.00 to $168.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. KeyCorp raised their price objective on shares of Advanced Drainage Systems from $159.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Barclays boosted their price objective on shares of Advanced Drainage Systems from $176.00 to $181.00 and gave the company an “overweight” rating in a research report on Monday. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $157.11.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.