9,248 Shares in Advanced Drainage Systems Inc (WMS) Acquired by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. acquired a new stake in shares of Advanced Drainage Systems Inc (NYSE:WMS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,248 shares of the construction company’s stock, valued at approximately $221,000.

A number of other institutional investors have also recently made changes to their positions in WMS. Jane Street Group LLC purchased a new position in Advanced Drainage Systems during the third quarter valued at $264,000. Sei Investments Co. raised its position in shares of Advanced Drainage Systems by 50.0% in the 3rd quarter. Sei Investments Co. now owns 15,525 shares of the construction company’s stock worth $314,000 after purchasing an additional 5,178 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Advanced Drainage Systems in the 4th quarter worth about $318,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Advanced Drainage Systems in the 3rd quarter worth about $320,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Advanced Drainage Systems in the 3rd quarter worth about $372,000. 79.52% of the stock is owned by institutional investors and hedge funds.

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In related news, EVP Robert M. Klein sold 57,448 shares of Advanced Drainage Systems stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $27.32, for a total value of $1,569,479.36. Following the completion of the sale, the executive vice president now directly owns 282,757 shares in the company, valued at approximately $7,724,921.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Ewout Leeuwenburg sold 15,000 shares of Advanced Drainage Systems stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $25.97, for a total value of $389,550.00. Following the completion of the sale, the senior vice president now owns 71,615 shares of the company’s stock, valued at $1,859,841.55. The disclosure for this sale can be found here. Insiders sold a total of 133,048 shares of company stock valued at $3,560,679 over the last quarter. 21.43% of the stock is owned by corporate insiders.

Several equities analysts have recently issued reports on the company. TheStreet raised Advanced Drainage Systems from a “c+” rating to a “b-” rating in a research report on Tuesday, February 13th. Zacks Investment Research raised Advanced Drainage Systems from a “sell” rating to a “hold” rating and set a $30.00 price target for the company in a research report on Wednesday, February 14th. Barclays set a $25.00 price target on Advanced Drainage Systems and gave the stock a “hold” rating in a research report on Monday, February 12th. Finally, Robert W. Baird lifted their price target on Advanced Drainage Systems from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $27.00.

NYSE:WMS opened at $25.90 on Friday. The company has a quick ratio of 1.01, a current ratio of 2.10 and a debt-to-equity ratio of 2.44. The stock has a market capitalization of $1,457.18, a PE ratio of 51.80 and a beta of 0.91. Advanced Drainage Systems Inc has a 1 year low of $17.90 and a 1 year high of $28.15.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, February 8th. The construction company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.20 by $0.27. Advanced Drainage Systems had a return on equity of 45.42% and a net margin of 3.67%. The company had revenue of $320.83 million during the quarter, compared to the consensus estimate of $320.41 million. During the same period last year, the company earned $0.16 EPS. Advanced Drainage Systems’s revenue for the quarter was up 8.9% on a year-over-year basis. sell-side analysts forecast that Advanced Drainage Systems Inc will post 0.73 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were issued a $0.07 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.28 annualized dividend and a yield of 1.08%. Advanced Drainage Systems’s payout ratio is 56.00%.

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

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