Calamos Advisors LLC Has $1.63 Million Stock Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Calamos Advisors LLC reduced its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 47.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,152 shares of the construction company’s stock after selling 9,094 shares during the quarter. Calamos Advisors LLC’s holdings in Advanced Drainage Systems were worth $1,628,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in WMS. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Advanced Drainage Systems by 319.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company’s stock valued at $26,000 after purchasing an additional 115 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Advanced Drainage Systems during the fourth quarter valued at about $28,000. West Oak Capital LLC lifted its position in shares of Advanced Drainage Systems by 133.3% during the second quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock valued at $28,000 after purchasing an additional 100 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Advanced Drainage Systems by 1,472.7% during the second quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock valued at $30,000 after purchasing an additional 162 shares in the last quarter. Finally, Rise Advisors LLC bought a new position in shares of Advanced Drainage Systems during the first quarter valued at about $32,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on WMS shares. StockNews.com lowered shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Robert W. Baird lowered their price objective on shares of Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. KeyCorp lifted their price objective on shares of Advanced Drainage Systems from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Oppenheimer reaffirmed an “outperform” rating and issued a $192.00 price objective on shares of Advanced Drainage Systems in a research report on Thursday, August 15th. Finally, Stephens lifted their price objective on shares of Advanced Drainage Systems from $182.00 to $193.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Advanced Drainage Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.14.

Insider Transactions at Advanced Drainage Systems

In other news, CFO Scott A. Cottrill sold 73,207 shares of Advanced Drainage Systems stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $173.11, for a total value of $12,672,863.77. Following the completion of the transaction, the chief financial officer now owns 91,442 shares in the company, valued at $15,829,524.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Scott A. Cottrill sold 73,207 shares of Advanced Drainage Systems stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $173.11, for a total value of $12,672,863.77. Following the completion of the transaction, the chief financial officer now owns 91,442 shares in the company, valued at $15,829,524.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tim A. Makowski sold 3,800 shares of Advanced Drainage Systems stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $170.68, for a total transaction of $648,584.00. Following the completion of the transaction, the insider now owns 4,530 shares of the company’s stock, valued at approximately $773,180.40. The disclosure for this sale can be found here. Insiders sold 87,007 shares of company stock worth $15,047,248 over the last quarter. Corporate insiders own 2.05% of the company’s stock.

Advanced Drainage Systems Price Performance

WMS opened at $163.22 on Monday. The company has a market capitalization of $12.65 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 1.29 and a beta of 1.55. The company has a quick ratio of 1.90, a current ratio of 2.89 and a debt-to-equity ratio of 1.04. The firm has a 50-day moving average price of $161.06 and a 200-day moving average price of $164.42. Advanced Drainage Systems, Inc. has a twelve month low of $102.32 and a twelve month high of $184.27.

Advanced Drainage Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.16 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.64 annualized dividend and a dividend yield of 0.39%. Advanced Drainage Systems’s payout ratio is 9.94%.

Advanced Drainage Systems 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.