Campbell & CO Investment Adviser LLC Buys New Stake in Advanced Drainage Systems Inc (NYSE:WMS)

Campbell & CO Investment Adviser LLC purchased a new stake in Advanced Drainage Systems Inc (NYSE:WMS) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 5,876 shares of the construction company’s stock, valued at approximately $367,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in WMS. Robecosam AG boosted its stake in shares of Advanced Drainage Systems by 38.2% in the third quarter. Robecosam AG now owns 166,609 shares of the construction company’s stock worth $10,403,000 after buying an additional 46,010 shares during the last quarter. USA Financial Portformulas Corp acquired a new position in Advanced Drainage Systems in the third quarter valued at approximately $42,000. Assenagon Asset Management S.A. purchased a new stake in Advanced Drainage Systems in the 3rd quarter worth approximately $3,731,000. Nuveen Asset Management LLC grew its stake in shares of Advanced Drainage Systems by 2.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 777,006 shares of the construction company’s stock worth $38,384,000 after purchasing an additional 20,790 shares during the period. Finally, FMR LLC increased its holdings in shares of Advanced Drainage Systems by 503.3% during the 2nd quarter. FMR LLC now owns 4,555 shares of the construction company’s stock valued at $225,000 after purchasing an additional 3,800 shares in the last quarter. 84.14% of the stock is currently owned by institutional investors.

WMS stock opened at $70.92 on Friday. Advanced Drainage Systems Inc has a 52 week low of $22.13 and a 52 week high of $72.51. The company has a quick ratio of 1.89, a current ratio of 2.82 and a debt-to-equity ratio of 1.81. The firm has a 50-day simple moving average of $60.53 and a 200-day simple moving average of $48.69. The stock has a market capitalization of $4.93 billion, a P/E ratio of 58.13, a P/E/G ratio of 0.50 and a beta of 1.50.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, August 6th. The construction company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.18. The company had revenue of $508.60 million during the quarter, compared to analyst estimates of $492.59 million. Advanced Drainage Systems had a return on equity of 19.10% and a net margin of 5.71%. Advanced Drainage Systems’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period in the previous year, the business earned ($4.06) EPS. On average, analysts expect that Advanced Drainage Systems Inc will post 2.43 earnings per share for the current year.

WMS has been the topic of several analyst reports. Barclays raised their price target on shares of Advanced Drainage Systems from $64.00 to $77.00 and gave the company an “overweight” rating in a research report on Monday, October 12th. They noted that the move was a valuation call. Morgan Stanley raised their target price on Advanced Drainage Systems from $45.00 to $49.00 and gave the company an “underweight” rating in a research report on Friday, September 25th. Zacks Investment Research upgraded Advanced Drainage Systems from a “hold” rating to a “strong-buy” rating and set a $61.00 price target for the company in a research note on Friday, August 14th. Finally, Loop Capital increased their price target on Advanced Drainage Systems from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, October 7th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Advanced Drainage Systems has a consensus rating of “Buy” and an average target price of $59.83.

In related news, EVP Ronald R. Vitarelli sold 40,000 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $57.92, for a total transaction of $2,316,800.00. Following the completion of the sale, the executive vice president now owns 73,424 shares of the company’s stock, valued at approximately $4,252,718.08. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robert M. Klein sold 75,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $55.23, for a total transaction of $4,142,250.00. Following the sale, the executive vice president now directly owns 143,165 shares of the company’s stock, valued at approximately $7,907,002.95. The disclosure for this sale can be found here. Insiders have sold 122,000 shares of company stock valued at $6,874,640 over the last quarter. 20.74% of the stock is owned by company insiders.

Advanced Drainage Systems 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.

Further Reading: Insider Trading

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

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