Advanced Drainage Systems Inc (WMS) Insider Tim A. Makowski Sells 600 Shares

Advanced Drainage Systems Inc (NYSE:WMS) insider Tim A. Makowski sold 600 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $24.99, for a total value of $14,994.00. Following the completion of the transaction, the insider now directly owns 5,296 shares in the company, valued at $132,347.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

NYSE:WMS traded down $0.20 during mid-day trading on Thursday, hitting $25.44. 264,885 shares of the company’s stock traded hands, compared to its average volume of 249,556. Advanced Drainage Systems Inc has a 12 month low of $23.04 and a 12 month high of $33.50. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 31.41 and a beta of 0.99. The company has a quick ratio of 0.95, a current ratio of 2.24 and a debt-to-equity ratio of 1.26.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, February 7th. The construction company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.06). Advanced Drainage Systems had a net margin of 4.98% and a return on equity of 37.87%. The business had revenue of $318.11 million for the quarter, compared to the consensus estimate of $339.61 million. During the same quarter in the previous year, the company earned $0.28 EPS. Advanced Drainage Systems’s revenue for the quarter was down .8% compared to the same quarter last year. Analysts anticipate that Advanced Drainage Systems Inc will post 1.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $0.32 annualized dividend and a yield of 1.26%. Advanced Drainage Systems’s payout ratio is 39.51%.

Several research analysts have weighed in on WMS shares. Boenning Scattergood reaffirmed a “hold” rating on shares of Advanced Drainage Systems in a research report on Friday, November 16th. Zacks Investment Research lowered Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research report on Saturday, November 17th. Barclays decreased their price target on Advanced Drainage Systems from $30.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 12th. Finally, Citigroup decreased their price target on Advanced Drainage Systems from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, January 4th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $30.50.

A number of large investors have recently made changes to their positions in WMS. Vanguard Group Inc lifted its position in shares of Advanced Drainage Systems by 6.3% in the 3rd quarter. Vanguard Group Inc now owns 3,493,825 shares of the construction company’s stock worth $107,959,000 after acquiring an additional 206,839 shares during the period. Daiwa SB Investments Ltd. boosted its position in Advanced Drainage Systems by 48.2% in the 4th quarter. Daiwa SB Investments Ltd. now owns 212,289 shares of the construction company’s stock valued at $5,148,000 after buying an additional 69,066 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Advanced Drainage Systems by 12.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,943,128 shares of the construction company’s stock valued at $60,041,000 after buying an additional 219,049 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in Advanced Drainage Systems by 576.5% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 54,807 shares of the construction company’s stock valued at $1,329,000 after buying an additional 46,706 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of Advanced Drainage Systems in the 3rd quarter worth $209,000. Hedge funds and other institutional investors own 79.06% of the company’s stock.

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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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