Shares of Advanced Drainage Systems Inc. (NYSE:WMS) were down 4.3% on Thursday . The company traded as low as $24.98 and last traded at $25.59, with a volume of 304,589 shares. The stock had previously closed at $26.73.

A number of analysts have recently weighed in on WMS shares. Zacks Investment Research cut Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research report on Thursday. Royal Bank Of Canada raised their target price on Advanced Drainage Systems from $27.00 to $29.00 and gave the company an “outperform” rating in a research report on Wednesday, June 8th. Boenning Scattergood cut Advanced Drainage Systems from an “outperform” rating to a “neutral” rating in a research report on Thursday. Deutsche Bank AG restated a “hold” rating and issued a $25.00 target price (up from $24.00) on shares of Advanced Drainage Systems in a research report on Wednesday, June 8th. Finally, TheStreet upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $29.33.

The firm has a market cap of $1.39 billion and a PE ratio of 85.27. The company’s 50 day moving average is $27.06 and its 200-day moving average is $23.58.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be paid a $0.06 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $0.24 dividend on an annualized basis and a yield of 0.94%.

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

Several large investors have made changes to their positions in the stock. KBC Group NV boosted its stake in shares of 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 during the period. Dimensional Fund Advisors LP acquired a new stake in shares of Advanced Drainage Systems during the fourth quarter worth about $5,509,000. California Public Employees Retirement System boosted its stake in shares of 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 during the period. Finally, California State Teachers Retirement System boosted its stake in shares of 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 during the period.

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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