Advanced Drainage Systems Inc (WMS) was Reiterated by RBC Capital Mkts to “Outperform” while Lowering the Price Target of the company shares to $ 26 from a previous price target of $29 . RBC Capital Mkts advised their investors in a research report released on Oct 7, 2016.
Advanced Drainage Systems Inc closed down -0.17 points or -0.72% at $23.3 with 1,60,654 shares getting traded on Tuesday. Post opening the session at $23.48, the shares hit an intraday low of $23.17 and an intraday high of $23.65 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Jun 15, 2016, Joseph A Chlapaty (CEO) purchased 35,000 shares at $25.98 per share price. According to the SEC, 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, according to the Form-4 filing with the securities and exchange commission.
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.