Sebold Capital Management Inc. Has $281,000 Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Sebold Capital Management Inc. lessened its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 20.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,000 shares of the construction company’s stock after selling 500 shares during the period. Sebold Capital Management Inc.’s holdings in Advanced Drainage Systems were worth $281,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the business. Prudential Financial Inc. grew its stake in Advanced Drainage Systems by 3.8% during the second quarter. Prudential Financial Inc. now owns 2,238 shares of the construction company’s stock valued at $203,000 after acquiring an additional 82 shares in the last quarter. Kessler Investment Group LLC increased its stake in Advanced Drainage Systems by 9.1% in the third quarter. Kessler Investment Group LLC now owns 1,245 shares of the construction company’s stock valued at $142,000 after acquiring an additional 104 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of Advanced Drainage Systems by 4.6% in the 2nd quarter. Captrust Financial Advisors now owns 2,525 shares of the construction company’s stock worth $287,000 after purchasing an additional 112 shares in the last quarter. Belpointe Asset Management LLC raised its holdings in shares of Advanced Drainage Systems by 47.8% during the 1st quarter. Belpointe Asset Management LLC now owns 495 shares of the construction company’s stock valued at $42,000 after buying an additional 160 shares in the last quarter. Finally, Creative Planning boosted its stake in Advanced Drainage Systems by 4.3% in the third quarter. Creative Planning now owns 3,893 shares of the construction company’s stock worth $443,000 after buying an additional 160 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Insider Transactions at Advanced Drainage Systems

In related news, EVP Michael G. Huebert sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $163.52, for a total transaction of $1,635,200.00. Following the completion of the sale, the executive vice president now directly owns 13,450 shares in the company, valued at $2,199,344. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Advanced Drainage Systems news, EVP Michael G. Huebert sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $163.52, for a total value of $1,635,200.00. Following the completion of the sale, the executive vice president now directly owns 13,450 shares of the company’s stock, valued at approximately $2,199,344. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ross M. Jones sold 762,895 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $163.00, for a total value of $124,351,885.00. Following the completion of the transaction, the director now owns 70,749 shares in the company, valued at $11,532,087. The disclosure for this sale can be found here. Corporate insiders own 3.79% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on WMS shares. Barclays lifted their price target on shares of Advanced Drainage Systems from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. StockNews.com upgraded Advanced Drainage Systems from a “hold” rating to a “buy” rating in a research note on Saturday, March 16th. KeyCorp upped their price target on Advanced Drainage Systems from $160.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Finally, Stephens raised their price objective on shares of Advanced Drainage Systems from $138.00 to $182.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $155.13.

Advanced Drainage Systems Stock Performance

Advanced Drainage Systems stock opened at $171.44 on Thursday. Advanced Drainage Systems, Inc. has a fifty-two week low of $75.76 and a fifty-two week high of $176.31. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.04 and a current ratio of 3.03. The company has a 50 day moving average price of $154.76 and a 200-day moving average price of $133.26. The company has a market capitalization of $13.31 billion, a PE ratio of 27.26, a P/E/G ratio of 2.12 and a beta of 1.50.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Thursday, February 8th. The construction company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.44. The firm had revenue of $662.37 million during the quarter, compared to analysts’ expectations of $632.69 million. Advanced Drainage Systems had a return on equity of 49.79% and a net margin of 17.65%. During the same period in the prior year, the business posted $0.99 EPS. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, equities analysts forecast that Advanced Drainage Systems, Inc. will post 6.07 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date was Thursday, February 29th. Advanced Drainage Systems’s dividend payout ratio is presently 8.90%.

Advanced Drainage Systems Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.