Advanced Drainage Systems, Inc. (NYSE:WMS) major shareholder Berkshire Partners Holdings Ll acquired 3,446,293 shares of the business’s stock in a transaction on Monday, August 7th. The shares were purchased at an average price of $20.32 per share, with a total value of $70,028,673.76. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Advanced Drainage Systems, Inc. (NYSE WMS) opened at 22.50 on Wednesday. The stock has a market cap of $1.25 billion, a P/E ratio of 45.00 and a beta of 0.92. The firm’s 50-day moving average is $20.23 and its 200-day moving average is $21.78. Advanced Drainage Systems, Inc. has a 12 month low of $18.40 and a 12 month high of $27.32.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.06. Advanced Drainage Systems had a net margin of 2.50% and a return on equity of 62.10%. The firm had revenue of $358.36 million for the quarter, compared to analyst estimates of $372.63 million. During the same period last year, the firm posted $0.29 EPS. The business’s revenue was up .2% compared to the same quarter last year. On average, equities analysts forecast 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 will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Wednesday, August 30th. Advanced Drainage Systems’s dividend payout ratio is currently 60.87%.

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Large investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its stake in shares of Advanced Drainage Systems by 133.4% in the second quarter. BNP Paribas Arbitrage SA now owns 5,259 shares of the construction company’s stock worth $106,000 after buying an additional 3,006 shares in the last quarter. Sei Investments Co. bought a new stake in shares of Advanced Drainage Systems during the first quarter worth $157,000. Manchester Capital Management LLC boosted its stake in shares of Advanced Drainage Systems by 3,123.3% in the first quarter. Manchester Capital Management LLC now owns 9,670 shares of the construction company’s stock worth $212,000 after buying an additional 9,370 shares in the last quarter. Gotham Asset Management LLC bought a new stake in shares of Advanced Drainage Systems during the first quarter worth $238,000. Finally, Highbridge Capital Management LLC bought a new stake in shares of Advanced Drainage Systems during the fourth quarter worth $278,000. Institutional investors and hedge funds own 79.84% of the company’s stock.

A number of brokerages have commented on WMS. ValuEngine downgraded shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research report on Tuesday. Royal Bank Of Canada restated a “hold” rating on shares of Advanced Drainage Systems in a research report on Friday, May 26th. Zacks Investment Research upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Boenning Scattergood restated a “hold” rating on shares of Advanced Drainage Systems in a research report on Thursday, August 3rd. Finally, BidaskClub upgraded shares of Advanced Drainage Systems from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Advanced Drainage Systems currently has a consensus rating of “Hold” and a consensus price target of $25.33.

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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