Trading volume for Advanced Drainage Systems, Inc. was 626K by the end of trading on Tuesday. Trading volume was up 90.24% over the stocks average daily volume.
Investors are more bullish on shares of Advanced Drainage Systems, Inc. recently at least if you consider the change in short interest. The firm saw a fall in short interest between September 29, 2017 and October 13, 2017 of -1.90%. Short shares fell 71,901 over that period. Days to cover increased from 14.0 to 15.0 and the short interest percentage is 0.07% as of October 13.
These firms have modified their investment in WMS. Torch Wealth Management LLC trimmed its holdings by shedding 100 shares a decrease of 0.5% in the quarter. Torch Wealth Management LLC controls 18,380 shares with a value of $372,000. The total value of its holdings increased 0.3%. Benjamin F. Edwards & Company, Inc. bolstered its stake by buying 1 shares an increase of 0.4%. Benjamin F. Edwards & Company, Inc. owns 257 shares valued at $5,000. The value of the position overall is down by 0.0%.
Nationwide Fund Advisors expanded its investment by buying 16,300 shares an increase of 84.1% as of 09/30/2017. Nationwide Fund Advisors claims 35,689 shares worth $723,000. The value of the position overall is up by 85.4%. First Trust Advisors Lp augmented its ownership by buying 5,265 shares an increase of 2.0% from 06/30/2017 to 09/30/2017. First Trust Advisors Lp currently owns 270,944 shares with a value of $5,487,000. The value of the position overall is up by 2.8%.
The company is so far trading up since yesterday’s close of $19.55. Advanced Drainage Systems, Inc. also announced a dividend for shareholders which was paid on Friday September 15th, 2017. The dividend was $0.070 per share for the quarter or $0.28 annualized. This dividend represents a yield of $1.51. The ex-dividend date was Wednesday the 30th of August 2017.
The stock is trading at $19.55 which is slightly below the 50 day moving average of $19.73 and which is just under the 200 day moving average of $20.50. The 50 day moving average was down by -0.90% and the 200 day average went down $-0.95 or -4.64%.
The company’s P/E ratio is 39.66 and the market cap of the company is 1.08B. As of the latest earnings report the EPS was $0.49 and is estimated to be $1.09 for the current year with 55,246,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.22 and the next full year EPS is anticipated to be $0.93.
Advanced Drainage Systems, Inc., launched on October 31, 1966, is involved in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. Its product line includes corrugated high density polyethylene (HDPE) pipe, polypropylene (PP) pipe and related water management products. Its products are used across a range of end markets and applications, including non-residential, residential, agriculture and infrastructure applications. The Company also offers various products categorized into storm and septic chambers, polyvinyl chloride (PVC) drainage structures, fittings and filters, and water quality filters and separators..