Universal Beteiligungs und Servicegesellschaft mbH Has $4.45 Million Stock Position in Advanced Drainage Systems, Inc. $WMS

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 54.3% in the third quarter, HoldingsChannel reports. The firm owned 32,098 shares of the construction company’s stock after purchasing an additional 11,296 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Advanced Drainage Systems were worth $4,452,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of WMS. Mather Group LLC. bought a new stake in shares of Advanced Drainage Systems in the 3rd quarter valued at $28,000. Northwestern Mutual Wealth Management Co. grew its holdings in Advanced Drainage Systems by 352.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock worth $26,000 after purchasing an additional 176 shares during the period. Creative Financial Designs Inc. ADV increased its stake in Advanced Drainage Systems by 341.6% in the second 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. CWM LLC raised its holdings in shares of Advanced Drainage Systems by 16.2% during the third quarter. CWM LLC now owns 702 shares of the construction company’s stock valued at $97,000 after purchasing an additional 98 shares during the period. Finally, Headlands Technologies LLC bought a new position in shares of Advanced Drainage Systems during the 2nd quarter worth about $112,000. 89.83% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Advanced Drainage Systems Stock Performance

NYSE WMS opened at $152.79 on Wednesday. Advanced Drainage Systems, Inc. has a 1 year low of $93.92 and a 1 year high of $160.85. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.48 and a quick ratio of 2.60. The firm has a market cap of $11.88 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 1.99 and a beta of 1.33. The company has a fifty day moving average price of $150.91 and a 200-day moving average price of $141.56.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Thursday, November 6th. The construction company reported $1.97 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $802.49 million. During the same period in the previous year, the company earned $1.70 earnings per share. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.18 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.72 annualized dividend and a dividend yield of 0.5%. Advanced Drainage Systems’s dividend payout ratio is currently 12.29%.

Analyst Upgrades and Downgrades

WMS has been the subject of a number of research analyst reports. Barclays boosted their target price on Advanced Drainage Systems from $181.00 to $187.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. UBS Group boosted their price objective on Advanced Drainage Systems from $183.00 to $197.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Wednesday, January 21st. Oppenheimer boosted their price target on shares of Advanced Drainage Systems from $175.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, January 15th. Finally, KeyCorp raised their price objective on shares of Advanced Drainage Systems from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Monday. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Advanced Drainage Systems currently has an average rating of “Moderate Buy” and an average price target of $165.33.

Advanced Drainage Systems Profile

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.