Advanced Drainage Systems Inc (NYSE: WMS) is 8.56% higher on its value in year-to-date trading and has touched a low of $110.75 and a high of $184.27 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WMS stock was last observed hovering at around $123.96 in the last trading session, with the day’s gains setting it 1.53%.
Currently trading at $125.49, the stock is 7.56% and -1.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing 1.23% at the moment leaves the stock -17.33% off its SMA200. WMS registered -4.36% loss for a year compared to 6-month loss of -25.76%. The firm has a 50-day simple moving average (SMA 50) of $126.8614 and a 200-day simple moving average (SMA200) of $151.79735.
The stock witnessed a 1.45% gain in the last 1 month and extending the period to 3 months gives it a -19.72%, and is 11.22% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.82% over the week and 2.85% over the month.
Advanced Drainage Systems Inc (WMS) has around 5705 employees, a market worth around $9.73B and $2.91B in sales. Current P/E ratio is 19.97 and Fwd P/E is 18.74. Profit margin for the company is 16.89%. Distance from 52-week low is 13.31% and -31.90% from its 52-week high. The company has generated returns on investments over the last 12 months (17.46%).
The EPS is expected to shrink by -4.83% this year.
Advanced Drainage Systems Inc (WMS) Top Institutional Holders
729.0 institutions hold shares in Advanced Drainage Systems Inc (WMS), with institutional investors hold 97.31% of the company’s shares. The shares outstanding are 71.46M, and float is at 71.03M with Short Float at 2.53%. Institutions hold 88.56% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.58 million shares valued at $1.22 billion. The investor’s holdings represent 9.6885% of the WMS Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 7.29 million shares valued at $1.17 billion to account for 9.3114 of the shares outstanding. The other top investors are BAILLIE GIFFORD & CO which holds 3.12 million shares representing 3.9934% and valued at over $501.21 million, while PICTET ASSET MANAGEMENT HOLDING SA holds 3.29 of the shares totaling 2.57 million with a market value of $412.92 million.
Advanced Drainage Systems Inc (WMS) Insider Activity
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Advanced Drainage Systems Inc disclosed in a document filed with the SEC on May 30 ’24 that Cottrill Scott A (EVP, CFO AND SECRETARY) sold a total of 73,207 shares of the company’s common stock. The trade occurred on May 30 ’24 and was made at $173.11 per share for $12.67 million. Following the transaction, the insider now directly holds 91442.0 shares of the WMS stock.
Still, SEC filings show that on May 31 ’24, MAKOWSKI TIM A disposed off 3,800 shares at an average price of $170.68 for $0.65 million. The insider now directly holds 4,530 shares of Advanced Drainage Systems Inc (WMS).
