Advanced Drainage Systems, Inc. (WMS) Files Form 4 Insider Buying : Joseph A Chlapaty Buys 65,500 Shares

Advanced Drainage Systems, Inc. (WMS): Joseph A Chlapaty , CEO of Advanced Drainage Systems, Inc. purchased 65,500 shares on Jun 9, 2016. The Insider buying transaction was reported by the company on Jun 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $26.82 per share for a total value of $1,754,924.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 28, 2015, Ewout Leeuwenburg (SVP, International) sold 18,500 shares at $29.20 per share price.On May 26, 2015, Ronald R Vitarelli (EVP & Co-COO) sold 5,000 shares at $29.04 per share price.Also, On May 26, 2015, Mark B Sturgeon (EVP, CFO, Secretary, Treasurer) sold 25,000 shares at $29.22 per share price.On May 21, 2015, Robert M Klein (EVP, Sales) sold 15,000 shares at $29.86 per share price.

Shares of Advanced Drainage Systems Inc (WMS) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.76 points or -2.80% at $26.35 with 6,81,438 shares getting traded. Post opening the session at $26.84, the shares hit an intraday low of $26.32 and an intraday high of $27.37 and the price vacillated in this range throughout the day. The company has a market cap of $1,435 M and the number of outstanding shares has been calculated to be 5,44,46,402 shares. The 52-week high of Advanced Drainage Systems Inc is $33.28 and the 52-week low is $17.72.

Advanced Drainage Systems Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Advanced Drainage Systems Inc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 29 from a previous price target of $27 .The Rating was issued on Jun 8, 2016.Advanced Drainage Systems Inc is Reiterated by Deutsche Bank to Hold while Lowering the Price Target of the company shares to $ 24 from a previous price target of $32 . The Rating was issued on Mar 31, 2016.

Advanced Drainage Systems Inc. designs manufactures and markets thermoplastic corrugated pipe and related water management products. 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 product categories include pipe fittings Nyloplast drainage structures StormTech chambers water quality onsite leaching systems and concrete structures. Its Domestic segment manufactures and markets products throughout the United States. Its International segment manufactures and markets products in regions outside of the United States with focus on its facilities in Canada and through its joint ventures and with local partners in Mexico Central America and South America. Its products are used across a range of markets and applications including non-residential residential agriculture and infrastructure applications.

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