Advanced Drainage Systems, Inc. (WMS) Chairman Joseph A. Chlapaty Buys 10,000 Shares

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

Shares of Advanced Drainage Systems, Inc. (WMS) traded up 1.23% during midday trading on Monday, hitting $20.50. 156,543 shares of the stock were exchanged. The stock’s 50-day moving average price is $21.33 and its 200-day moving average price is $21.99. Advanced Drainage Systems, Inc. has a 1-year low of $18.60 and a 1-year high of $28.49. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 41.00 and a beta of 0.93.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Thursday, May 25th. The construction company reported ($0.22) EPS for the quarter, missing the 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 company had revenue of $244.20 million during the quarter, compared to the consensus estimate of $228.82 million. During the same quarter in the prior year, the business earned $0.17 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. On average, analysts forecast that Advanced Drainage Systems, Inc. will post $1.09 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Monday, June 5th were paid a $0.07 dividend. The ex-dividend date was Thursday, June 1st. This represents a $0.28 annualized dividend and a yield of 1.37%. This is an increase from Advanced Drainage Systems’s previous quarterly dividend of $0.06. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 50.00%.

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A number of hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp increased its position in shares of Advanced Drainage Systems by 4.7% in the fourth quarter. State Street Corp now owns 595,040 shares of the construction company’s stock valued at $12,252,000 after buying an additional 26,576 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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. Dynamic Technology Lab Private Ltd bought a new position in shares of Advanced Drainage Systems during the fourth quarter valued at approximately $279,000. Renaissance Technologies LLC increased its position in shares of Advanced Drainage Systems by 4.1% in the fourth quarter. Renaissance Technologies LLC now owns 143,900 shares of the construction company’s stock valued at $2,964,000 after buying an additional 5,700 shares in the last quarter. Finally, A.R.T. Advisors LLC bought a new position in shares of Advanced Drainage Systems during the fourth quarter valued at approximately $356,000. Institutional investors and hedge funds own 79.55% of the company’s stock.

A number of equities analysts have commented on the stock. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Advanced Drainage Systems in a research report on Friday, May 26th. Boenning Scattergood reaffirmed a “hold” rating on shares of Advanced Drainage Systems in a research report on Thursday, May 25th. Finally, Zacks Investment Research raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus 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.

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