Geneva Capital Management LLC Sells 434 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Geneva Capital Management LLC decreased its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 0.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 192,899 shares of the construction company’s stock after selling 434 shares during the period. Geneva Capital Management LLC’s holdings in Advanced Drainage Systems were worth $27,129,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its position in Advanced Drainage Systems by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 471,056 shares of the construction company’s stock worth $66,249,000 after purchasing an additional 10,108 shares during the last quarter. Avalon Trust Co purchased a new stake in Advanced Drainage Systems during the 4th quarter worth approximately $38,000. Vestmark Advisory Solutions Inc. grew its position in Advanced Drainage Systems by 20.0% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 2,163 shares of the construction company’s stock worth $304,000 after purchasing an additional 361 shares during the last quarter. Natixis Advisors L.P. lifted its stake in Advanced Drainage Systems by 9.8% during the 4th quarter. Natixis Advisors L.P. now owns 174,580 shares of the construction company’s stock valued at $24,552,000 after acquiring an additional 15,557 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in Advanced Drainage Systems by 20.6% during the 4th quarter. Victory Capital Management Inc. now owns 119,755 shares of the construction company’s stock valued at $16,842,000 after acquiring an additional 20,466 shares during the period. Institutional investors own 89.83% of the company’s stock.

Insider Activity

In related news, EVP Michael G. Huebert sold 10,000 shares of Advanced Drainage Systems stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $163.52, for a total value of $1,635,200.00. Following the completion of the transaction, the executive vice president now owns 13,450 shares in the company, valued at $2,199,344. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Advanced Drainage Systems news, Director Ross M. Jones sold 762,895 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were 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 of the company’s stock, valued at approximately $11,532,087. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the executive vice president now owns 13,450 shares in the company, valued at $2,199,344. The disclosure for this sale can be found here. Insiders own 3.79% of the company’s stock.

Advanced Drainage Systems Trading Up 2.5 %

Advanced Drainage Systems stock traded up $4.15 during midday trading on Thursday, hitting $172.35. 326,199 shares of the stock were exchanged, compared to its average volume of 453,610. 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 stock has a market capitalization of $13.38 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 1.49 and a beta of 1.51. The stock’s 50-day simple moving average is $164.71 and its 200 day simple moving average is $143.28. Advanced Drainage Systems, Inc. has a fifty-two week low of $84.71 and a fifty-two week high of $176.31.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, February 8th. The construction company reported $1.37 earnings per share 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 company had revenue of $662.37 million during the quarter, compared to analyst estimates of $632.69 million. During the same quarter last year, the firm posted $0.99 earnings per share. Advanced Drainage Systems’s revenue was up 1.1% compared to the same quarter last year. On average, equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.09 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on WMS shares. Stephens lifted their price objective on shares of Advanced Drainage Systems from $138.00 to $182.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Oppenheimer boosted their target price 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. StockNews.com raised shares of Advanced Drainage Systems from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. KeyCorp boosted their price target on shares of Advanced Drainage Systems from $160.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Finally, Northcoast Research initiated coverage on shares of Advanced Drainage Systems in a report on Wednesday. They issued a “buy” rating and a $190.00 price target for the company. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $162.56.

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.