Joseph A. Chlapaty Acquires 10,000 Shares of Advanced Drainage Systems, Inc. (WMS) Stock

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

Advanced Drainage Systems, Inc. (WMS) traded up 1.098% during mid-day trading on Tuesday, hitting $20.725. 47,619 shares of the company were exchanged. The stock has a market cap of $1.15 billion, a P/E ratio of 41.450 and a beta of 0.93. Advanced Drainage Systems, Inc. has a 12-month low of $18.60 and a 12-month high of $28.49. The company has a 50 day moving average of $21.26 and a 200 day moving average of $22.01.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Thursday, May 25th. The construction company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $228.82 million. During the same period in the prior year, the company earned $0.17 EPS. The firm’s revenue was down .5% compared to the same quarter last year. On average, equities research analysts expect that Advanced Drainage Systems, Inc. will post $1.09 earnings per share for the current fiscal year.

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

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A number of large investors have recently modified their holdings of WMS. Norges Bank bought a new stake in shares of Advanced Drainage Systems during the fourth quarter worth approximately $11,558,000. Torch Wealth Management LLC raised its stake in shares of 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 worth $405,000 after buying an additional 300 shares in the last quarter. Dimensional Fund Advisors LP raised its stake 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 worth $10,130,000 after buying an additional 47,414 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of Advanced Drainage Systems by 10.8% in the fourth quarter. Guggenheim Capital LLC now owns 111,798 shares of the construction company’s stock worth $2,303,000 after buying an additional 10,898 shares in the last quarter. Finally, Algert Global LLC bought a new stake in shares of Advanced Drainage Systems during the first quarter worth approximately $965,000. 79.55% of the stock is currently owned by hedge funds and other institutional investors.

WMS has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Boenning Scattergood reaffirmed a “hold” rating on shares of Advanced Drainage Systems in a research note on Thursday, May 25th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $25.00 price target on shares of Advanced Drainage Systems in a research note on Monday, April 24th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target 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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