Advanced Drainage Systems Inc. (NYSE:WMS) shares saw unusually-high trading volume on Friday . Approximately 248,013 shares changed hands during mid-day trading, a decline of 17% from the previous session’s volume of 300,366 shares.The stock last traded at $27.15 and had previously closed at $27.09.

WMS has been the subject of several research analyst reports. Royal Bank Of Canada upped their target price on shares of Advanced Drainage Systems from $25.00 to $27.00 in a report on Tuesday, April 12th. Zacks Investment Research upgraded shares of Advanced Drainage Systems from a “strong sell” rating to a “hold” rating in a report on Thursday, June 30th. Robert W. Baird reiterated a “hold” rating on shares of Advanced Drainage Systems in a research note on Thursday, March 31st. Deutsche Bank AG decreased their price target on shares of Advanced Drainage Systems from $32.00 to $24.00 and set a “hold” rating for the company in a research note on Thursday, March 31st. Finally, TheStreet upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, June 7th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $29.33.

The firm has a market capitalization of $1.48 billion and a PE ratio of 90.63. The firm has a 50 day moving average price of $26.71 and a 200 day moving average price of $22.99.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Thursday, June 16th were paid a dividend of $0.06 per share. This is a boost from Advanced Drainage Systems’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.88%.

In other news, CEO Joseph A. Chlapaty acquired 35,000 shares of the company’s stock in a transaction dated Monday, June 13th. The shares were bought at an average price of $25.98 per share, for a total transaction of $909,300.00. Following the completion of the purchase, the chief executive officer now directly owns 182,331 shares of the company’s stock, valued at approximately $4,736,959.38. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Joseph A. Chlapaty acquired 65,500 shares of the company’s stock in a transaction dated Friday, June 10th. The shares were purchased at an average price of $26.79 per share, for a total transaction of $1,754,745.00. Following the purchase, the chief executive officer now directly owns 182,331 shares of the company’s stock, valued at $4,884,647.49. The disclosure for this purchase can be found here.

Several hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System raised its stake in Advanced Drainage Systems by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 62,371 shares of the company’s stock worth $1,499,000 after buying an additional 1,021 shares in the last quarter. KBC Group NV raised its stake in Advanced Drainage Systems by 0.6% in the fourth quarter. KBC Group NV now owns 139,731 shares of the company’s stock worth $3,358,000 after buying an additional 853 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in Advanced Drainage Systems during the fourth quarter worth about $5,509,000. California Public Employees Retirement System raised its stake in Advanced Drainage Systems by 7.0% in the fourth quarter. California Public Employees Retirement System now owns 253,600 shares of the company’s stock worth $6,094,000 after buying an additional 16,700 shares in the last quarter. Finally, Eagle Asset Management raised its stake in Advanced Drainage Systems by 181.7% in the third quarter. Eagle Asset Management now owns 1,334,930 shares of the company’s stock worth $38,618,000 after buying an additional 860,965 shares in the last quarter.

Advanced Drainage Systems, Inc designs, manufactures and markets thermoplastic corrugated pipe and related water management products. The Company operates through two segments: Domestic and International. Its product line includes corrugated high density polyethylene (HDPE) pipe, polypropylene (PP) pipe and related water management products.

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