Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Acquired by Foresight Group Ltd Liability Partnership

Foresight Group Ltd Liability Partnership raised its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 16.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,828 shares of the construction company’s stock after purchasing an additional 1,097 shares during the quarter. Advanced Drainage Systems accounts for 0.5% of Foresight Group Ltd Liability Partnership’s portfolio, making the stock its 24th largest position. Foresight Group Ltd Liability Partnership’s holdings in Advanced Drainage Systems were worth $899,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. CIBC Asset Management Inc boosted its stake in Advanced Drainage Systems by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company’s stock valued at $357,000 after acquiring an additional 79 shares during the last quarter. CWM LLC lifted its position in shares of Advanced Drainage Systems by 18.1% during the third quarter. CWM LLC now owns 555 shares of the construction company’s stock worth $87,000 after purchasing an additional 85 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its stake in Advanced Drainage Systems by 4.8% in the third quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company’s stock worth $379,000 after purchasing an additional 111 shares in the last quarter. UMB Bank n.a. increased its holdings in Advanced Drainage Systems by 20.5% in the third quarter. UMB Bank n.a. now owns 693 shares of the construction company’s stock valued at $109,000 after buying an additional 118 shares during the last quarter. Finally, QRG Capital Management Inc. raised its stake in Advanced Drainage Systems by 8.8% during the third quarter. QRG Capital Management Inc. now owns 1,638 shares of the construction company’s stock valued at $257,000 after buying an additional 132 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Trading Up 1.4 %

Shares of WMS stock opened at $124.07 on Friday. The firm has a market capitalization of $9.62 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 1.08 and a beta of 1.51. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.15 and a current ratio of 3.19. Advanced Drainage Systems, Inc. has a 1 year low of $110.75 and a 1 year high of $184.27. The stock has a fifty day moving average of $124.40 and a two-hundred day moving average of $144.69.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share (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 company had revenue of $782.60 million during the quarter, compared to the consensus estimate of $819.41 million. During the same quarter in the prior year, the company earned $1.71 EPS. The business’s quarterly revenue was up .3% on a year-over-year basis. As a group, research analysts expect that Advanced Drainage Systems, Inc. will post 6.12 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.64 annualized dividend and a yield of 0.52%. Advanced Drainage Systems’s payout ratio is 10.19%.

Analyst Ratings Changes

WMS has been the subject of several research reports. Loop Capital decreased their target price on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Barclays reduced their price target on shares of Advanced Drainage Systems from $172.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday. Stephens reaffirmed an “equal weight” rating and set a $135.00 price objective (down previously from $170.00) on shares of Advanced Drainage Systems in a research report on Wednesday, November 13th. UBS Group raised shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a report on Wednesday, January 8th. Finally, KeyCorp decreased their target price on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Advanced Drainage Systems currently has an average rating of “Moderate Buy” and an average price target of $166.88.

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.