Advanced Drainage Systems, Inc. $WMS is Interval Partners LP’s 5th Largest Position

Interval Partners LP increased its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 98.0% during the third quarter, HoldingsChannel.com reports. The firm owned 968,534 shares of the construction company’s stock after acquiring an additional 479,413 shares during the quarter. Advanced Drainage Systems makes up approximately 2.2% of Interval Partners LP’s holdings, making the stock its 5th largest holding. Interval Partners LP’s holdings in Advanced Drainage Systems were worth $134,336,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WMS. First Trust Advisors LP lifted its stake in shares of Advanced Drainage Systems by 10.9% in the third quarter. First Trust Advisors LP now owns 2,416,942 shares of the construction company’s stock worth $335,230,000 after buying an additional 238,179 shares in the last quarter. American Century Companies Inc. increased its position in shares of Advanced Drainage Systems by 6.5% during the third quarter. American Century Companies Inc. now owns 1,472,176 shares of the construction company’s stock valued at $204,191,000 after acquiring an additional 90,106 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Advanced Drainage Systems by 234.0% during the third quarter. Wellington Management Group LLP now owns 1,188,906 shares of the construction company’s stock valued at $164,901,000 after acquiring an additional 832,929 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Advanced Drainage Systems by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,138,378 shares of the construction company’s stock worth $157,889,000 after acquiring an additional 16,118 shares during the last quarter. Finally, Capital International Investors lifted its position in Advanced Drainage Systems by 34.9% in the 3rd quarter. Capital International Investors now owns 933,851 shares of the construction company’s stock valued at $129,525,000 after acquiring an additional 241,500 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on WMS shares. UBS Group set a $215.00 target price on Advanced Drainage Systems and gave the company a “buy” rating in a research note on Friday, February 6th. Robert W. Baird set a $205.00 price target on Advanced Drainage Systems in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Wednesday, January 21st. Barclays increased their price objective on Advanced Drainage Systems from $187.00 to $198.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Finally, Oppenheimer boosted their target price on Advanced Drainage Systems from $180.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Advanced Drainage Systems presently has an average rating of “Moderate Buy” and an average target price of $186.00.

Advanced Drainage Systems Trading Down 1.3%

NYSE:WMS opened at $137.24 on Friday. The company has a market cap of $10.69 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 1.64 and a beta of 1.27. The company has a current ratio of 4.12, a quick ratio of 3.08 and a debt-to-equity ratio of 0.72. The company has a 50 day simple moving average of $159.81 and a two-hundred day simple moving average of $149.78. Advanced Drainage Systems, Inc. has a 12 month low of $93.92 and a 12 month high of $179.32.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Thursday, February 5th. The construction company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.16. The firm had revenue of $693.35 million for the quarter, compared to analysts’ expectations of $686.37 million. Advanced Drainage Systems had a return on equity of 27.72% and a net margin of 15.75%.The company’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 EPS. Research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 0.5%. Advanced Drainage Systems’s dividend payout ratio is currently 11.98%.

Advanced Drainage Systems Profile

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.