Advanced Drainage Systems Inc (NYSE:WMS) COO Thomas M. Fussner sold 20,000 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $26.63, for a total transaction of $532,600.00. Following the completion of the sale, the chief operating officer now directly owns 560,640 shares in the company, valued at approximately $14,929,843.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Advanced Drainage Systems Inc (WMS) traded down $0.30 during trading on Wednesday, reaching $26.90. 330,640 shares of the company’s stock traded hands, compared to its average volume of 264,327. The firm has a market cap of $1,520.00, a PE ratio of 53.90 and a beta of 1.00. The company has a debt-to-equity ratio of 4.47, a quick ratio of 1.32 and a current ratio of 2.26. Advanced Drainage Systems Inc has a 52-week low of $17.90 and a 52-week high of $27.30.
Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, February 8th. The construction company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.27. The firm had revenue of $320.83 million for the quarter, compared to analysts’ expectations of $320.41 million. Advanced Drainage Systems had a net margin of 3.67% and a return on equity of 56.36%. Advanced Drainage Systems’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company earned $0.16 EPS. equities research analysts anticipate that Advanced Drainage Systems Inc will post 0.53 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the business. Koch Industries Inc. acquired a new position in Advanced Drainage Systems during the 4th quarter valued at about $217,000. UBS Asset Management Americas Inc. bought a new position in shares of Advanced Drainage Systems during the 4th quarter valued at about $221,000. FMR LLC bought a new position in shares of Advanced Drainage Systems during the 2nd quarter valued at about $245,000. Jane Street Group LLC bought a new position in shares of Advanced Drainage Systems during the 3rd quarter valued at about $264,000. Finally, Valeo Financial Advisors LLC bought a new position in shares of Advanced Drainage Systems during the 4th quarter valued at about $298,000. 81.88% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on WMS. Zacks Investment Research raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Wednesday. Barclays set a $25.00 price objective on shares of Advanced Drainage Systems and gave the stock a “hold” rating in a report on Monday. Robert W. Baird increased their price objective on shares of Advanced Drainage Systems from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. TheStreet cut shares of Advanced Drainage Systems from a “b-” rating to a “c+” rating in a report on Wednesday, October 25th. Finally, ValuEngine raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $25.40.
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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