Key Points
- Director Robert Eversole sold 10,569 shares at an average price of $152.82 for $1,615,154.58, trimming his position by 17.43% to 50,076 shares (≈$7.65M).
- Strong quarterly results: Advanced Drainage reported $1.97 EPS vs. $1.70 expected and $850.38M revenue vs. $802.49M expected, with a 15.35% net margin and revenue up 8.7% year-over-year.
- Dividend announced: a $0.18 quarterly dividend (ex-dividend Dec 1, payable Dec 15), equal to $0.72 annualized and about a 0.5% yield.
Advanced Drainage Systems, Inc. (NYSE:WMS - Get Free Report) Director Robert Eversole sold 10,569 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $152.82, for a total value of $1,615,154.58. Following the sale, the director directly owned 50,076 shares of the company's stock, valued at approximately $7,652,614.32. This trade represents a 17.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Advanced Drainage Systems Stock Down 0.9%
Shares of NYSE WMS opened at $148.71 on Friday. The firm's fifty day moving average is $143.65 and its 200 day moving average is $131.87. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $155.39. The company has a quick ratio of 2.60, a current ratio of 3.48 and a debt-to-equity ratio of 0.75. The company has a market cap of $11.56 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 1.93 and a beta of 1.36.
Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The construction company reported $1.97 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $802.49 million. During the same quarter in the prior year, the company posted $1.70 EPS. The firm's revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.
Advanced Drainage Systems Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.72 annualized dividend and a dividend yield of 0.5%. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 12.29%.
Hedge Funds Weigh In On Advanced Drainage Systems
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Advanced Drainage Systems by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 7,537,094 shares of the construction company's stock valued at $818,905,000 after buying an additional 204,826 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Advanced Drainage Systems by 50.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,114,224 shares of the construction company's stock worth $338,360,000 after acquiring an additional 1,049,697 shares during the last quarter. Impax Asset Management Group plc increased its holdings in shares of Advanced Drainage Systems by 4.8% during the second quarter. Impax Asset Management Group plc now owns 3,043,909 shares of the construction company's stock valued at $348,709,000 after acquiring an additional 139,495 shares in the last quarter. State Street Corp raised its position in shares of Advanced Drainage Systems by 3.1% in the 3rd quarter. State Street Corp now owns 2,551,901 shares of the construction company's stock worth $353,949,000 after purchasing an additional 75,777 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Advanced Drainage Systems by 10.9% in the 3rd quarter. First Trust Advisors LP now owns 2,416,942 shares of the construction company's stock worth $335,230,000 after purchasing an additional 238,179 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have commented on WMS shares. Royal Bank Of Canada upped their price target on Advanced Drainage Systems from $158.00 to $168.00 and gave the company an "outperform" rating in a research report on Friday, November 7th. Wall Street Zen upgraded Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Weiss Ratings reiterated a "hold (c)" rating on shares of Advanced Drainage Systems in a report on Wednesday, October 8th. Barclays upped their price objective on shares of Advanced Drainage Systems from $160.00 to $176.00 and gave the stock an "overweight" rating in a report on Friday, November 7th. Finally, Robert W. Baird set a $166.00 target price on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Advanced Drainage Systems presently has an average rating of "Moderate Buy" and an average price target of $156.56.
Check Out Our Latest Stock Report on Advanced Drainage Systems
Advanced Drainage Systems Company Profile
(
Get Free Report)
Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.
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