Advanced Drainage Systems Inc (WMS) Shares Bought by Daiwa SB Investments Ltd.

Daiwa SB Investments Ltd. grew its position in Advanced Drainage Systems Inc (NYSE:WMS) by 57.0% in the fourth quarter, Holdings Channel reports. The fund owned 52,776 shares of the construction company’s stock after buying an additional 19,158 shares during the quarter. Daiwa SB Investments Ltd.’s holdings in Advanced Drainage Systems were worth $1,259,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Stifel Financial Corp raised its stake in shares of Advanced Drainage Systems by 0.4% in the second quarter. Stifel Financial Corp now owns 40,687 shares of the construction company’s stock valued at $813,000 after acquiring an additional 164 shares during the last quarter. Rhumbline Advisers raised its position in Advanced Drainage Systems by 0.5% in the 2nd quarter. Rhumbline Advisers now owns 38,851 shares of the construction company’s stock worth $781,000 after purchasing an additional 178 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Advanced Drainage Systems by 1.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,011 shares of the construction company’s stock worth $563,000 after purchasing an additional 346 shares during the last quarter. Alliancebernstein L.P. raised its position in Advanced Drainage Systems by 0.9% in the 2nd quarter. Alliancebernstein L.P. now owns 67,718 shares of the construction company’s stock worth $1,361,000 after purchasing an additional 609 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in Advanced Drainage Systems by 19.3% in the 2nd quarter. Voya Investment Management LLC now owns 15,631 shares of the construction company’s stock worth $314,000 after purchasing an additional 2,525 shares during the last quarter. Institutional investors own 80.54% of the company’s stock.

Several research analysts recently weighed in on the stock. TheStreet cut shares of Advanced Drainage Systems from a “b-” rating to a “c+” rating in a research report on Wednesday, October 25th. Citigroup assumed coverage on shares of Advanced Drainage Systems in a research report on Wednesday, November 29th. They issued a “neutral” rating and a $26.00 price objective for the company. ValuEngine upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Robert W. Baird restated a “buy” rating and issued a $25.00 price objective on shares of Advanced Drainage Systems in a research report on Wednesday, October 4th. Finally, Barclays assumed coverage on shares of Advanced Drainage Systems in a research report on Wednesday, December 20th. They issued an “equal weight” rating and a $24.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $24.60.

In other Advanced Drainage Systems news, COO Thomas M. Fussner sold 18,325 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $23.67, for a total transaction of $433,752.75. Following the completion of the sale, the chief operating officer now owns 549,519 shares in the company, valued at approximately $13,007,114.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Ronald R. Vitarelli sold 5,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $23.04, for a total transaction of $115,200.00. Following the sale, the chief operating officer now owns 54,698 shares of the company’s stock, valued at approximately $1,260,241.92. The disclosure for this sale can be found here. Insiders own 21.43% of the company’s stock.

Advanced Drainage Systems Inc (NYSE WMS) opened at $24.55 on Friday. The company has a quick ratio of 1.32, a current ratio of 2.26 and a debt-to-equity ratio of 4.47. Advanced Drainage Systems Inc has a 1 year low of $17.90 and a 1 year high of $26.30. The firm has a market cap of $1,390.00, a P/E ratio of 58.45 and a beta of 1.03.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.08). The company had revenue of $401.00 million during the quarter, compared to the consensus estimate of $376.45 million. Advanced Drainage Systems had a return on equity of 41.08% and a net margin of 1.97%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS. analysts expect that Advanced Drainage Systems Inc will post 0.53 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Thursday, November 30th. Advanced Drainage Systems’s payout ratio is 66.67%.

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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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Institutional Ownership by Quarter for Advanced Drainage Systems (NYSE:WMS)

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