James Investment Research Inc. Invests $2.15 Million in Advanced Drainage Systems Inc (WMS) Stock

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James Investment Research Inc. acquired a new position in shares of Advanced Drainage Systems Inc (NYSE:WMS) in the third quarter, HoldingsChannel.com reports. The fund acquired 69,630 shares of the construction company’s stock, valued at approximately $2,152,000.

A number of other institutional investors also recently bought and sold shares of WMS. SG Americas Securities LLC acquired a new stake in shares of Advanced Drainage Systems in the 2nd quarter valued at approximately $101,000. Valeo Financial Advisors LLC acquired a new stake in shares of Advanced Drainage Systems in the 2nd quarter valued at approximately $338,000. Manchester Capital Management LLC lifted its holdings in shares of Advanced Drainage Systems by 84.3% in the 2nd quarter. Manchester Capital Management LLC now owns 12,570 shares of the construction company’s stock valued at $359,000 after buying an additional 5,750 shares during the period. Global X Management Co LLC lifted its holdings in shares of Advanced Drainage Systems by 19.1% in the 2nd quarter. Global X Management Co LLC now owns 14,260 shares of the construction company’s stock valued at $407,000 after buying an additional 2,284 shares during the period. Finally, Calamos Advisors LLC acquired a new stake in shares of Advanced Drainage Systems in the 3rd quarter valued at approximately $408,000. 76.79% of the stock is owned by institutional investors.

In related news, SVP Ewout Leeuwenburg sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $31.42, for a total value of $942,600.00. Following the completion of the transaction, the senior vice president now directly owns 73,062 shares of the company’s stock, valued at approximately $2,295,608.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Berkshire Partners Holdings Ll acquired 1,500,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The stock was purchased at an average cost of $30.08 per share, with a total value of $45,120,000.00. Following the completion of the purchase, the insider now directly owns 745,556 shares in the company, valued at $22,426,324.48. The disclosure for this purchase can be found here. Company insiders own 20.97% of the company’s stock.

Several analysts have recently commented on WMS shares. Robert W. Baird reissued a “buy” rating and issued a $35.00 price target on shares of Advanced Drainage Systems in a report on Friday, August 10th. Zacks Investment Research raised Advanced Drainage Systems from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Saturday, October 13th. Barclays raised their price target on Advanced Drainage Systems from $29.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday, August 13th. Boenning Scattergood reissued a “hold” rating on shares of Advanced Drainage Systems in a report on Thursday, August 9th. Finally, Citigroup raised their price target on Advanced Drainage Systems from $29.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, July 23rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $32.25.

WMS opened at $27.79 on Thursday. The company has a quick ratio of 1.10, a current ratio of 2.22 and a debt-to-equity ratio of 1.99. The company has a market capitalization of $1.53 billion, a PE ratio of 34.31 and a beta of 0.94. Advanced Drainage Systems Inc has a 12 month low of $18.40 and a 12 month high of $33.50.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings results on Thursday, August 9th. The construction company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.40 by $0.11. The business had revenue of $387.85 million during the quarter, compared to analysts’ expectations of $382.67 million. Advanced Drainage Systems had a return on equity of 47.60% and a net margin of 5.43%. During the same period last year, the firm earned $0.28 EPS. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, research analysts forecast that Advanced Drainage Systems Inc will post 1.1 EPS for the current fiscal year.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States and internationally. The company offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.

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Institutional Ownership by Quarter for Advanced Drainage Systems (NYSE:WMS)

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