Advisory Services Network LLC Buys Shares of 3,050 Advanced Drainage Systems, Inc. (NYSE:WMS)

Advisory Services Network LLC purchased a new position in Advanced Drainage Systems, Inc. (NYSE:WMS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,050 shares of the construction company’s stock, valued at approximately $353,000.

A number of other hedge funds also recently modified their holdings of WMS. UMB Bank n.a. raised its stake in shares of Advanced Drainage Systems by 12.7% in the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock valued at $90,000 after purchasing an additional 88 shares during the period. Spire Wealth Management bought a new position in shares of Advanced Drainage Systems during the fourth quarter worth about $94,000. First Horizon Advisors Inc. raised its position in Advanced Drainage Systems by 18.3% in the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock valued at $102,000 after buying an additional 137 shares during the last quarter. Blue Trust Inc. boosted its position in Advanced Drainage Systems by 12.0% during the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock worth $116,000 after acquiring an additional 108 shares during the last quarter. Finally, Headlands Technologies LLC boosted its position in Advanced Drainage Systems by 1,298.6% during the 4th quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company’s stock worth $118,000 after acquiring an additional 948 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Up 0.8 %

WMS opened at $104.44 on Friday. The stock has a fifty day moving average of $111.08 and a 200-day moving average of $125.33. The company has a market capitalization of $8.10 billion, a P/E ratio of 17.46, a P/E/G ratio of 1.13 and a beta of 1.48. Advanced Drainage Systems, Inc. has a fifty-two week low of $93.92 and a fifty-two week high of $184.27. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. On average, equities analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Friday, February 28th. Advanced Drainage Systems’s payout ratio is presently 10.70%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Advanced Drainage Systems in a report on Tuesday, April 1st. They set a “buy” rating and a $134.00 target price for the company. Barclays reduced their price objective on shares of Advanced Drainage Systems from $149.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Stephens reaffirmed an “equal weight” rating and issued a $135.00 target price on shares of Advanced Drainage Systems in a research report on Friday, February 7th. StockNews.com cut Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, April 1st. Finally, Loop Capital decreased their price target on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $153.78.

Advanced Drainage Systems 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.