International Assets Investment Management LLC Invests $5.04 Million in Advanced Drainage Systems, Inc. (NYSE:WMS)

International Assets Investment Management LLC acquired a new position in Advanced Drainage Systems, Inc. (NYSE:WMS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 35,833 shares of the construction company’s stock, valued at approximately $5,040,000.

Other hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in Advanced Drainage Systems in the third quarter worth $25,000. Contravisory Investment Management Inc. acquired a new position in shares of Advanced Drainage Systems during the fourth quarter valued at $27,000. Headlands Technologies LLC acquired a new position in shares of Advanced Drainage Systems during the third quarter valued at $82,000. Nisa Investment Advisors LLC boosted its holdings in shares of Advanced Drainage Systems by 28.6% during the third quarter. Nisa Investment Advisors LLC now owns 900 shares of the construction company’s stock valued at $102,000 after acquiring an additional 200 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in shares of Advanced Drainage Systems by 58.6% during the fourth quarter. Global Retirement Partners LLC now owns 788 shares of the construction company’s stock valued at $103,000 after acquiring an additional 291 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Price Performance

Shares of Advanced Drainage Systems stock opened at $168.19 on Thursday. The company has a current ratio of 3.03, a quick ratio of 2.04 and a debt-to-equity ratio of 1.18. The company’s 50-day moving average price is $164.71 and its two-hundred day moving average price is $143.28. Advanced Drainage Systems, Inc. has a 52 week low of $84.71 and a 52 week high of $176.31. The stock has a market cap of $13.05 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.51.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, February 8th. The construction company reported $1.37 EPS for the quarter, topping the consensus estimate of $0.93 by $0.44. Advanced Drainage Systems had a net margin of 17.65% and a return on equity of 49.79%. The firm had revenue of $662.37 million for the quarter, compared to analysts’ expectations of $632.69 million. During the same period in the previous year, the business earned $0.99 earnings per share. Advanced Drainage Systems’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Advanced Drainage Systems, Inc. will post 6.09 EPS for the current fiscal year.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

WMS has been the subject of several analyst reports. Stephens boosted their price target on shares of Advanced Drainage Systems from $138.00 to $182.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Northcoast Research started coverage on shares of Advanced Drainage Systems in a research note on Wednesday. They set a “buy” rating and a $190.00 price objective on the stock. StockNews.com upgraded shares of Advanced Drainage Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. KeyCorp lifted their price objective on shares of Advanced Drainage Systems from $160.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Finally, Oppenheimer lifted their price objective on shares of Advanced Drainage Systems from $172.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.56.

About Advanced Drainage Systems

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.