Advanced Drainage Systems, Inc. (WMS) Chairman Buys $202,800.00 in Stock

Advanced Drainage Systems, Inc. (NYSE:WMS) Chairman Joseph A. Chlapaty purchased 10,000 shares of Advanced Drainage Systems stock in a transaction that occurred on Thursday, June 15th. The shares were acquired at an average price of $20.28 per share, with a total value of $202,800.00. Following the acquisition, the chairman now directly owns 227,786 shares of the company’s stock, valued at approximately $4,619,500.08. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Advanced Drainage Systems, Inc. (NYSE:WMS) traded down 2.530% during trading on Wednesday, reaching $20.225. The company had a trading volume of 38,367 shares. Advanced Drainage Systems, Inc. has a one year low of $18.60 and a one year high of $28.49. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 40.450 and a beta of 0.93. The company has a 50-day moving average price of $21.19 and a 200 day moving average price of $22.01.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Thursday, May 25th. The construction company reported ($0.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.14. Advanced Drainage Systems had a return on equity of 102.23% and a net margin of 3.05%. The firm had revenue of $244.20 million during the quarter, compared to the consensus estimate of $228.82 million. During the same period in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. Analysts expect that Advanced Drainage Systems, Inc. will post $1.09 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Monday, June 5th were issued a $0.07 dividend. The ex-dividend date was Thursday, June 1st. This is an increase from Advanced Drainage Systems’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 1.35%. Advanced Drainage Systems’s dividend payout ratio (DPR) is 50.00%.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Advanced Drainage Systems during the fourth quarter valued at $11,558,000. Torch Wealth Management LLC raised its position in Advanced Drainage Systems by 1.7% in the first quarter. Torch Wealth Management LLC now owns 18,480 shares of the construction company’s stock valued at $405,000 after buying an additional 300 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Advanced Drainage Systems by 10.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 491,771 shares of the construction company’s stock valued at $10,130,000 after buying an additional 47,414 shares in the last quarter. Guggenheim Capital LLC raised its position in Advanced Drainage Systems by 10.8% in the fourth quarter. Guggenheim Capital LLC now owns 111,798 shares of the construction company’s stock valued at $2,303,000 after buying an additional 10,898 shares in the last quarter. Finally, Algert Global LLC acquired a new position in Advanced Drainage Systems during the first quarter valued at approximately $965,000. 79.55% of the stock is owned by institutional investors.

A number of research firms recently commented on WMS. Royal Bank Of Canada reiterated a “hold” rating on shares of Advanced Drainage Systems in a report on Friday, May 26th. Boenning Scattergood reiterated a “hold” rating on shares of Advanced Drainage Systems in a report on Thursday, May 25th. Finally, Zacks Investment Research upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $27.00.

About Advanced Drainage Systems

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WMS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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