Advanced Drainage Systems, Inc. $WMS Stock Position Lowered by TD Asset Management Inc

TD Asset Management Inc decreased its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 4.6% in the third quarter, HoldingsChannel reports. The firm owned 408,664 shares of the construction company’s stock after selling 19,790 shares during the period. TD Asset Management Inc’s holdings in Advanced Drainage Systems were worth $56,682,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Outlook Wealth Advisors LLC lifted its holdings in shares of Advanced Drainage Systems by 3.0% in the third quarter. Outlook Wealth Advisors LLC now owns 2,836 shares of the construction company’s stock valued at $393,000 after purchasing an additional 82 shares in the last quarter. RWC Asset Management LLP raised its position in Advanced Drainage Systems by 2.7% during the third quarter. RWC Asset Management LLP now owns 3,234 shares of the construction company’s stock valued at $449,000 after buying an additional 85 shares during the period. CWM LLC lifted its stake in Advanced Drainage Systems by 16.2% in the 3rd quarter. CWM LLC now owns 702 shares of the construction company’s stock worth $97,000 after acquiring an additional 98 shares in the last quarter. State of Michigan Retirement System boosted its position in Advanced Drainage Systems by 0.6% during the 2nd quarter. State of Michigan Retirement System now owns 17,000 shares of the construction company’s stock worth $1,953,000 after acquiring an additional 100 shares during the period. Finally, ProShare Advisors LLC boosted its position in Advanced Drainage Systems by 4.2% during the 2nd quarter. ProShare Advisors LLC now owns 3,132 shares of the construction company’s stock worth $360,000 after acquiring an additional 125 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Robert W. Baird set a $205.00 target price on Advanced Drainage Systems in a report on Friday, February 6th. KeyCorp upped their price objective on shares of Advanced Drainage Systems from $180.00 to $198.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Royal Bank Of Canada lifted their target price on shares of Advanced Drainage Systems from $176.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Barclays boosted their price target on shares of Advanced Drainage Systems from $187.00 to $198.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Finally, UBS Group set a $215.00 price objective on Advanced Drainage Systems and gave the stock a “buy” rating in a report on Friday, February 6th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $186.00.

Insider Transactions at Advanced Drainage Systems

In related news, Director Robert M. Eversole sold 10,569 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $152.82, for a total value of $1,615,154.58. Following the transaction, the director directly owned 50,076 shares in the company, valued at approximately $7,652,614.32. This trade represents a 17.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.63% of the company’s stock.

Advanced Drainage Systems Stock Performance

WMS opened at $172.18 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.08 and a current ratio of 4.12. The company has a market cap of $13.41 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 2.00 and a beta of 1.34. The stock has a 50-day moving average of $158.76 and a 200-day moving average of $148.87. Advanced Drainage Systems, Inc. has a 52-week low of $93.92 and a 52-week high of $179.32.

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

Advanced Drainage Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, March 2nd. 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.