Advanced Drainage Systems, Inc. (NYSE:WMS) major shareholder Berkshire Partners Holdings Ll bought 3,446,293 shares of Advanced Drainage Systems stock in a transaction on Monday, August 7th. The shares were bought at an average price of $20.32 per share, for a total transaction of $70,028,673.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Advanced Drainage Systems, Inc. (NYSE:WMS) traded up 5.54% during trading on Tuesday, hitting $21.90. The stock had a trading volume of 137,076 shares. The stock has a 50 day moving average of $20.27 and a 200 day moving average of $21.82. The firm has a market capitalization of $1.21 billion, a P/E ratio of 43.80 and a beta of 0.92. Advanced Drainage Systems, Inc. has a one year low of $18.60 and a one year high of $27.32.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, August 3rd. The construction company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.33 by $0.06. Advanced Drainage Systems had a net margin of 2.50% and a return on equity of 62.10%. The business had revenue of $358.36 million for the quarter, compared to the consensus estimate of $372.63 million. During the same quarter in the previous year, the company earned $0.29 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts expect that Advanced Drainage Systems, Inc. will post $1.09 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.35%. Advanced Drainage Systems’s payout ratio is 60.87%.

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Several large investors have recently made changes to their positions in the stock. GCA Investment Management LLC acquired a new stake in shares of Advanced Drainage Systems during the second quarter valued at approximately $16,841,000. BNP Paribas Arbitrage SA raised its stake in shares of Advanced Drainage Systems by 133.4% in the second quarter. BNP Paribas Arbitrage SA now owns 5,259 shares of the construction company’s stock valued at $106,000 after buying an additional 3,006 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Advanced Drainage Systems by 0.5% in the second quarter. Rhumbline Advisers now owns 38,851 shares of the construction company’s stock valued at $781,000 after buying an additional 178 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Advanced Drainage Systems by 28.4% in the second quarter. First Trust Advisors LP now owns 265,679 shares of the construction company’s stock valued at $5,340,000 after buying an additional 58,820 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Advanced Drainage Systems by 7.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 146,769 shares of the construction company’s stock valued at $2,951,000 after buying an additional 9,582 shares during the last quarter. Institutional investors own 79.84% of the company’s stock.

A number of equities analysts have issued reports on the company. Boenning Scattergood restated a “hold” rating on shares of Advanced Drainage Systems in a report on Thursday, August 3rd. BidaskClub upgraded Advanced Drainage Systems from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Royal Bank Of Canada restated a “hold” rating on shares of Advanced Drainage Systems in a report on Friday, May 26th. Finally, Zacks Investment Research upgraded Advanced Drainage Systems from a “sell” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Advanced Drainage Systems has a consensus rating of “Hold” and an average price target of $25.33.

Advanced Drainage Systems Company 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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