Ronald R. Vitarelli Sells 2,500 Shares of Advanced Drainage Systems Inc (WMS) Stock

Advanced Drainage Systems Inc (NYSE:WMS) EVP Ronald R. Vitarelli sold 2,500 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $25.47, for a total transaction of $63,675.00. Following the completion of the sale, the executive vice president now owns 30,285 shares in the company, valued at $771,358.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSE:WMS traded up $0.13 during midday trading on Friday, reaching $25.57. 435,821 shares of the company were exchanged, compared to its average volume of 320,340. Advanced Drainage Systems Inc has a fifty-two week low of $23.04 and a fifty-two week high of $33.50. The company has a quick ratio of 0.95, a current ratio of 2.24 and a debt-to-equity ratio of 1.26. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 31.57 and a beta of 0.99.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, February 7th. The construction company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.06). The business had revenue of $318.11 million during the quarter, compared to the consensus estimate of $339.61 million. Advanced Drainage Systems had a net margin of 4.98% and a return on equity of 37.87%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the business posted $0.28 EPS. Research analysts expect that Advanced Drainage Systems Inc will post 1.18 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Thursday, February 28th. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 39.51%.

WMS has been the topic of several analyst reports. Citigroup cut their target price on shares of Advanced Drainage Systems from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, January 4th. Zacks Investment Research lowered shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a report on Saturday, January 12th. Finally, Barclays dropped their price objective on shares of Advanced Drainage Systems from $30.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 12th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Advanced Drainage Systems currently has a consensus rating of “Hold” and an average price target of $30.50.

Institutional investors have recently added to or reduced their stakes in the stock. Pearl River Capital LLC bought a new position in Advanced Drainage Systems in the fourth quarter valued at $26,000. Tortoise Index Solutions LLC bought a new position in Advanced Drainage Systems in the fourth quarter valued at $39,000. NumerixS Investment Technologies Inc grew its position in Advanced Drainage Systems by 250.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 2,100 shares of the construction company’s stock valued at $51,000 after purchasing an additional 1,500 shares in the last quarter. Quantamental Technologies LLC bought a new position in Advanced Drainage Systems in the fourth quarter valued at $56,000. Finally, Tower Research Capital LLC TRC grew its position in Advanced Drainage Systems by 5,933.3% in the third quarter. Tower Research Capital LLC TRC now owns 4,344 shares of the construction company’s stock valued at $134,000 after purchasing an additional 4,272 shares in the last quarter. 79.06% of the stock is owned by institutional investors and hedge funds.

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Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States and internationally. The company offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; 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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