Two Sigma Investments LP Acquires 66,030 Shares of Advanced Drainage Systems Inc (WMS)

Two Sigma Investments LP lifted its holdings in Advanced Drainage Systems Inc (NYSE:WMS) by 544.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 78,159 shares of the construction company’s stock after buying an additional 66,030 shares during the quarter. Two Sigma Investments LP owned approximately 0.14% of Advanced Drainage Systems worth $1,864,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of WMS. Nationwide Fund Advisors lifted its position in shares of Advanced Drainage Systems by 84.1% in the 3rd quarter. Nationwide Fund Advisors now owns 35,689 shares of the construction company’s stock worth $723,000 after buying an additional 16,300 shares during the last quarter. Sei Investments Co. lifted 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 buying an additional 5,178 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Advanced Drainage Systems in the 3rd quarter worth about $9,196,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Advanced Drainage Systems by 2,607.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,346 shares of the construction company’s stock worth $594,000 after buying an additional 28,262 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Advanced Drainage Systems by 8.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,240,101 shares of the construction company’s stock worth $25,918,000 after buying an additional 100,044 shares during the last quarter. Institutional investors own 79.52% of the company’s stock.

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WMS has been the topic of a number of recent research reports. Robert W. Baird raised their price target on shares of Advanced Drainage Systems from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. TheStreet upgraded shares of Advanced Drainage Systems from a “c+” rating to a “b-” rating in a research report on Tuesday, February 13th. Barclays set a $25.00 price target on shares of Advanced Drainage Systems and gave the stock a “hold” rating in a research report on Monday, February 12th. Finally, Zacks Investment Research upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating and set a $30.00 price target on the stock in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Advanced Drainage Systems has a consensus rating of “Hold” and a consensus target price of $27.00.

WMS stock opened at $25.90 on Monday. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.01 and a current ratio of 2.10. Advanced Drainage Systems Inc has a fifty-two week low of $17.90 and a fifty-two week high of $28.15. The stock has a market capitalization of $1,457.19, a P/E ratio of 51.80 and a beta of 0.91.

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

The company 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 dividend on an annualized basis and a dividend yield of 1.08%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 56.00%.

In other Advanced Drainage Systems news, SVP Ewout Leeuwenburg sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $26.20, for a total transaction of $917,000.00. Following the transaction, the senior vice president now owns 97,415 shares of the company’s stock, valued at approximately $2,552,273. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Robert M. Klein sold 57,448 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $27.32, for a total transaction of $1,569,479.36. Following the transaction, the executive vice president now directly owns 282,757 shares in the company, valued at approximately $7,724,921.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,048 shares of company stock worth $3,560,679. Corporate insiders own 21.43% of the company’s stock.

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Advanced Drainage Systems Profile

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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