Vontobel Holding Ltd. Trims Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Vontobel Holding Ltd. trimmed its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,755 shares of the construction company’s stock after selling 4,423 shares during the quarter. Vontobel Holding Ltd.’s holdings in Advanced Drainage Systems were worth $5,029,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. NBC Securities Inc. purchased a new position in Advanced Drainage Systems during the third quarter valued at approximately $25,000. Contravisory Investment Management Inc. purchased a new position in Advanced Drainage Systems during the fourth quarter valued at approximately $27,000. Neo Ivy Capital Management purchased a new position in Advanced Drainage Systems during the second quarter valued at approximately $33,000. Belpointe Asset Management LLC raised its position in Advanced Drainage Systems by 47.8% during the first quarter. Belpointe Asset Management LLC now owns 495 shares of the construction company’s stock valued at $42,000 after acquiring an additional 160 shares in the last quarter. Finally, ORG Partners LLC purchased a new position in Advanced Drainage Systems during the fourth quarter valued at approximately $60,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Advanced Drainage Systems news, EVP Michael G. Huebert sold 10,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 13,450 shares of the company’s stock, valued at $2,199,344. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Advanced Drainage Systems news, EVP Michael G. Huebert sold 10,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 13,450 shares of the company’s stock, valued at $2,199,344. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ross M. Jones sold 762,895 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $163.00, for a total value of $124,351,885.00. Following the transaction, the director now directly owns 70,749 shares in the company, valued at approximately $11,532,087. The disclosure for this sale can be found here. 3.79% of the stock is currently owned by corporate insiders.

Advanced Drainage Systems Stock Performance

Shares of NYSE:WMS opened at $156.87 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.03 and a quick ratio of 2.04. The business’s 50 day moving average price is $164.93 and its 200-day moving average price is $138.47. The firm has a market capitalization of $12.18 billion, a PE ratio of 24.94, a P/E/G ratio of 1.41 and a beta of 1.50. Advanced Drainage Systems, Inc. has a 1 year low of $80.41 and a 1 year high of $176.31.

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

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend was Thursday, February 29th. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 8.90%.

Wall Street Analysts Forecast Growth

WMS has been the subject of several recent research reports. StockNews.com cut Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. KeyCorp boosted their price objective on Advanced Drainage Systems from $160.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Finally, Stephens boosted their price objective on Advanced Drainage Systems from $138.00 to $182.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Advanced Drainage Systems currently has an average rating of “Moderate Buy” and an average price target of $155.13.

Advanced Drainage Systems Company 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.