Avalon Trust Co Buys Shares of 270 Advanced Drainage Systems, Inc. (NYSE:WMS)

Avalon Trust Co purchased a new position in Advanced Drainage Systems, Inc. (NYSE:WMS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 270 shares of the construction company’s stock, valued at approximately $38,000.

A number of other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. acquired a new position in shares of Advanced Drainage Systems during the 3rd quarter valued at about $25,000. Contravisory Investment Management Inc. acquired a new position in Advanced Drainage Systems in the fourth quarter valued at approximately $27,000. GAMMA Investing LLC purchased a new position in Advanced Drainage Systems in the fourth quarter worth approximately $28,000. ORG Partners LLC acquired a new stake in Advanced Drainage Systems during the fourth quarter worth $60,000. Finally, Headlands Technologies LLC purchased a new stake in Advanced Drainage Systems in the third quarter valued at $82,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Drainage Systems

In other Advanced Drainage Systems news, Director Ross M. Jones sold 762,895 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $163.00, for a total value of $124,351,885.00. Following the transaction, the director now directly owns 70,749 shares of the company’s stock, valued at approximately $11,532,087. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Advanced Drainage Systems news, EVP Michael G. Huebert sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $163.52, for a total value of $1,635,200.00. Following the completion of the sale, the executive vice president now owns 13,450 shares of the company’s stock, valued at $2,199,344. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ross M. Jones sold 762,895 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $163.00, for a total transaction of $124,351,885.00. Following the transaction, the director now directly owns 70,749 shares in the company, valued at $11,532,087. The disclosure for this sale can be found here. 3.79% of the stock is owned by company insiders.

Advanced Drainage Systems Stock Up 1.8 %

Shares of Advanced Drainage Systems stock traded up $2.95 during trading hours on Friday, hitting $164.89. The company had a trading volume of 347,171 shares, compared to its average volume of 380,892. The company’s 50-day moving average is $164.49 and its two-hundred day moving average is $142.08. Advanced Drainage Systems, Inc. has a twelve month low of $82.00 and a twelve month high of $176.31. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.03 and a quick ratio of 2.04. The company has a market cap of $12.80 billion, a P/E ratio of 26.21, a price-to-earnings-growth ratio of 1.45 and a beta of 1.51.

Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Thursday, February 8th. The construction company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.44. Advanced Drainage Systems had a return on equity of 49.79% and a net margin of 17.65%. The business had revenue of $662.37 million during the quarter, compared to the consensus estimate of $632.69 million. During the same period in the previous year, the business earned $0.99 EPS. The business’s quarterly revenue was up 1.1% on a year-over-year basis. Analysts anticipate that Advanced Drainage Systems, Inc. will post 6.09 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend was Thursday, February 29th. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 8.90%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Stephens boosted their price objective on shares of Advanced Drainage Systems from $138.00 to $182.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Oppenheimer increased their price objective on shares of Advanced Drainage Systems from $172.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. StockNews.com raised Advanced Drainage Systems from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, KeyCorp raised their price target on Advanced Drainage Systems from $160.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $159.13.

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.