Ballentine Partners LLC acquired a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,475 shares of the construction company’s stock, valued at approximately $254,000.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Park Avenue Securities LLC bought a new position in Advanced Drainage Systems during the 1st quarter worth $224,000. Banque Cantonale Vaudoise bought a new position in shares of Advanced Drainage Systems in the 1st quarter valued at $452,000. Perpetual Ltd increased its stake in shares of Advanced Drainage Systems by 9.6% in the 1st quarter. Perpetual Ltd now owns 55,575 shares of the construction company’s stock valued at $9,572,000 after purchasing an additional 4,889 shares during the last quarter. Rise Advisors LLC bought a new position in shares of Advanced Drainage Systems in the 1st quarter valued at $32,000. Finally, GAMMA Investing LLC increased its stake in shares of Advanced Drainage Systems by 29.4% in the 1st quarter. GAMMA Investing LLC now owns 273 shares of the construction company’s stock valued at $47,000 after purchasing an additional 62 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.
Insider Activity
In other news, CFO Scott A. Cottrill sold 73,207 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $173.11, for a total value of $12,672,863.77. Following the transaction, the chief financial officer now directly owns 91,442 shares of the company’s stock, valued at approximately $15,829,524.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Scott A. Cottrill sold 73,207 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $173.11, for a total value of $12,672,863.77. Following the completion of the sale, the chief financial officer now directly owns 91,442 shares of the company’s stock, valued at approximately $15,829,524.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tim A. Makowski sold 3,800 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $170.68, for a total value of $648,584.00. Following the completion of the sale, the insider now directly owns 4,530 shares of the company’s stock, valued at $773,180.40. The disclosure for this sale can be found here. Insiders have sold 176,004 shares of company stock valued at $30,547,285 in the last ninety days. 2.05% of the stock is owned by company insiders.
Analyst Ratings Changes
Get Our Latest Research Report on Advanced Drainage Systems
Advanced Drainage Systems Stock Down 0.8 %
Shares of WMS opened at $160.25 on Thursday. The company has a market capitalization of $12.42 billion, a PE ratio of 24.88, a PEG ratio of 1.33 and a beta of 1.58. Advanced Drainage Systems, Inc. has a 12 month low of $102.32 and a 12 month high of $184.27. The stock’s 50-day moving average price is $168.02 and its two-hundred day moving average price is $156.74. The company has a current ratio of 2.96, a quick ratio of 1.90 and a debt-to-equity ratio of 1.13.
Advanced Drainage Systems (NYSE:WMS – Get Free Report) last announced its earnings results on Thursday, May 16th. The construction company reported $1.23 EPS for the quarter, topping the consensus estimate of $0.95 by $0.28. The firm had revenue of $653.80 million for the quarter, compared to the consensus estimate of $611.99 million. Advanced Drainage Systems had a return on equity of 46.93% and a net margin of 17.74%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.06 EPS. On average, analysts anticipate that Advanced Drainage Systems, Inc. will post 7.17 EPS for the current year.
Advanced Drainage Systems Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.40%. This is an increase from Advanced Drainage Systems’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, May 31st. Advanced Drainage Systems’s payout ratio is currently 9.94%.
Advanced Drainage Systems Profile
Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.
Featured Stories
- Five stocks we like better than Advanced Drainage Systems
- Using the MarketBeat Dividend Yield Calculator
- Stock Impact: McDonald’s Price War with Starbucks, Wendy’s
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
- How to Calculate Options Profits
- Enovix Stock Rises 35% in Short-Squeeze: This Rally Has Legs
Receive News & Ratings for Advanced Drainage Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Drainage Systems and related companies with MarketBeat.com's FREE daily email newsletter.