Berkshire Partners Holdings Ll Purchases 85,400 Shares of Advanced Drainage Systems Inc (NYSE:WMS) Stock

Advanced Drainage Systems Inc (NYSE:WMS) major shareholder Berkshire Partners Holdings Ll purchased 85,400 shares of Advanced Drainage Systems stock in a transaction dated Thursday, October 3rd. The shares were purchased at an average price of $31.44 per share, with a total value of $2,684,976.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Berkshire Partners Holdings Ll also recently made the following trade(s):

  • On Tuesday, October 1st, Berkshire Partners Holdings Ll purchased 89,415 shares of Advanced Drainage Systems stock. The shares were purchased at an average price of $32.28 per share, with a total value of $2,886,316.20.
  • On Tuesday, September 10th, Berkshire Partners Holdings Ll purchased 68,310 shares of Advanced Drainage Systems stock. The shares were purchased at an average price of $29.75 per share, with a total value of $2,032,222.50.

Shares of NYSE WMS traded down $0.09 during mid-day trading on Monday, reaching $33.63. 342,200 shares of the company were exchanged, compared to its average volume of 320,765. Advanced Drainage Systems Inc has a 52 week low of $23.04 and a 52 week high of $35.29. The company has a quick ratio of 1.03, a current ratio of 1.97 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $1.82 billion, a PE ratio of 27.57 and a beta of 0.92. The company’s 50 day moving average price is $32.03 and its 200 day moving average price is $30.36.



Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, August 1st. The construction company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.29). Advanced Drainage Systems had a positive return on equity of 34.94% and a negative net margin of 12.86%. The company had revenue of $413.70 million for the quarter, compared to the consensus estimate of $413.64 million. During the same period in the prior year, the firm posted $0.51 earnings per share. The business’s revenue was up 6.7% on a year-over-year basis. On average, sell-side analysts predict that Advanced Drainage Systems Inc will post -3.12 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.09 per share. This is an increase from Advanced Drainage Systems’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Thursday, August 29th. Advanced Drainage Systems’s payout ratio is currently 29.51%.

WMS has been the subject of a number of recent analyst reports. Barclays boosted their price target on shares of Advanced Drainage Systems from $29.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 6th. Zacks Investment Research lowered shares of Advanced Drainage Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 8th. TheStreet downgraded shares of Advanced Drainage Systems from a “b” rating to a “c” rating in a report on Friday, August 2nd. Finally, ValuEngine downgraded shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $33.25.

Several hedge funds and other institutional investors have recently bought and sold shares of WMS. First Trust Advisors LP lifted its holdings in shares of Advanced Drainage Systems by 1.2% during the 1st quarter. First Trust Advisors LP now owns 343,453 shares of the construction company’s stock worth $8,851,000 after acquiring an additional 4,111 shares during the last quarter. NumerixS Investment Technologies Inc lifted its holdings in shares of Advanced Drainage Systems by 109.5% during the 1st quarter. NumerixS Investment Technologies Inc now owns 4,400 shares of the construction company’s stock worth $112,000 after acquiring an additional 2,300 shares during the last quarter. FIL Ltd lifted its holdings in shares of Advanced Drainage Systems by 57.6% during the 1st quarter. FIL Ltd now owns 33,100 shares of the construction company’s stock worth $853,000 after acquiring an additional 12,100 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Advanced Drainage Systems by 89.2% during the 1st quarter. Quantinno Capital Management LP now owns 19,133 shares of the construction company’s stock worth $493,000 after acquiring an additional 9,021 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Advanced Drainage Systems by 1,497.6% during the 1st quarter. Marshall Wace LLP now owns 705,918 shares of the construction company’s stock worth $18,191,000 after acquiring an additional 661,733 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

About Advanced Drainage Systems

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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