Thomas M. Fussner Sells 18,325 Shares of Advanced Drainage Systems, Inc. (WMS) Stock
Advanced Drainage Systems, Inc. (NYSE:WMS) COO Thomas M. Fussner sold 18,325 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $23.67, for a total value of $433,752.75. Following the transaction, the chief operating officer now owns 549,519 shares of the company’s stock, valued at approximately $13,007,114.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Advanced Drainage Systems, Inc. (NYSE WMS) traded down $0.35 during midday trading on Thursday, hitting $23.15. The company had a trading volume of 202,100 shares, compared to its average volume of 362,279. The company has a quick ratio of 1.32, a current ratio of 2.26 and a debt-to-equity ratio of 4.47. The stock has a market capitalization of $1,314.39, a price-to-earnings ratio of 67.14 and a beta of 1.04. Advanced Drainage Systems, Inc. has a 12-month low of $17.90 and a 12-month high of $26.30.
Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.08). The firm had revenue of $401.00 million during the quarter, compared to analysts’ expectations of $376.45 million. Advanced Drainage Systems had a net margin of 1.97% and a return on equity of 41.08%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS. equities research analysts anticipate that Advanced Drainage Systems, Inc. will post 0.53 earnings per share for the current year.
WMS has been the subject of several recent analyst reports. Robert W. Baird restated a “buy” rating and set a $25.00 target price on shares of Advanced Drainage Systems in a research report on Wednesday, October 4th. TheStreet lowered Advanced Drainage Systems from a “b-” rating to a “c+” rating in a research report on Wednesday, October 25th. ValuEngine upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. BidaskClub upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.75.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP raised its stake in Advanced Drainage Systems by 142.4% in the third quarter. GSA Capital Partners LLP now owns 74,970 shares of the construction company’s stock worth $1,518,000 after buying an additional 44,039 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in Advanced Drainage Systems in the third quarter worth approximately $372,000. Jane Street Group LLC bought a new position in Advanced Drainage Systems in the third quarter worth approximately $264,000. Stockbridge Partners LLC raised its stake in Advanced Drainage Systems by 12.8% in the third quarter. Stockbridge Partners LLC now owns 3,756,420 shares of the construction company’s stock worth $76,068,000 after buying an additional 425,251 shares in the last quarter. Finally, Berkshire Partners LLC raised its stake in Advanced Drainage Systems by 154.4% in the third quarter. Berkshire Partners LLC now owns 5,257,355 shares of the construction company’s stock worth $106,461,000 after buying an additional 3,191,003 shares in the last quarter. Hedge funds and other institutional investors own 80.58% of the company’s stock.
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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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