Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. reduced its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 8.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,164 shares of the construction company’s stock after selling 2,267 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Advanced Drainage Systems were worth $4,112,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WMS. Price T Rowe Associates Inc. MD grew its holdings in Advanced Drainage Systems by 16.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 139,677 shares of the construction company’s stock valued at $24,059,000 after purchasing an additional 19,626 shares during the period. Tidal Investments LLC grew its holdings in Advanced Drainage Systems by 122.4% in the first quarter. Tidal Investments LLC now owns 12,572 shares of the construction company’s stock valued at $2,165,000 after purchasing an additional 6,919 shares during the period. Cetera Investment Advisers grew its holdings in Advanced Drainage Systems by 135.6% in the first quarter. Cetera Investment Advisers now owns 15,216 shares of the construction company’s stock valued at $2,621,000 after purchasing an additional 8,757 shares during the period. Cetera Advisors LLC lifted its position in shares of Advanced Drainage Systems by 75.7% in the first quarter. Cetera Advisors LLC now owns 3,887 shares of the construction company’s stock valued at $669,000 after acquiring an additional 1,675 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of Advanced Drainage Systems by 3.1% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 21,317 shares of the construction company’s stock valued at $3,672,000 after acquiring an additional 640 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Performance

Shares of Advanced Drainage Systems stock opened at $133.23 on Friday. Advanced Drainage Systems, Inc. has a one year low of $119.25 and a one year high of $184.27. The company has a market cap of $10.33 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.21 and a beta of 1.53. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.15 and a current ratio of 3.19. The business’s 50 day moving average price is $147.98 and its 200 day moving average price is $156.76.

Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23). Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The business had revenue of $782.60 million during the quarter, compared to analysts’ expectations of $819.41 million. During the same quarter in the prior year, the firm earned $1.71 EPS. Advanced Drainage Systems’s revenue for the quarter was up .3% compared to the same quarter last year. On average, research analysts predict that Advanced Drainage Systems, Inc. will post 6.5 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.48%. Advanced Drainage Systems’s payout ratio is presently 10.19%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Loop Capital decreased their target price on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Robert W. Baird decreased their target price on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Barclays decreased their target price on Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Stephens restated an “equal weight” rating and issued a $135.00 target price (down previously from $170.00) on shares of Advanced Drainage Systems in a research report on Wednesday, November 13th. Finally, Oppenheimer decreased their target price on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Advanced Drainage Systems has a consensus rating of “Moderate Buy” and a consensus price target of $170.29.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.