Jackson Creek Investment Advisors LLC Takes $1.33 Million Position in Advanced Drainage Systems, Inc. $WMS

Jackson Creek Investment Advisors LLC purchased a new stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 9,210 shares of the construction company’s stock, valued at approximately $1,334,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp boosted its position in shares of Advanced Drainage Systems by 3.1% during the 3rd quarter. State Street Corp now owns 2,551,901 shares of the construction company’s stock valued at $353,949,000 after acquiring an additional 75,777 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Advanced Drainage Systems by 10.9% during the 3rd quarter. First Trust Advisors LP now owns 2,416,942 shares of the construction company’s stock valued at $335,230,000 after acquiring an additional 238,179 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Advanced Drainage Systems by 6.5% during the 3rd 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 during the last quarter. Wellington Management Group LLP boosted its position in shares of Advanced Drainage Systems by 234.0% during the 3rd 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 during the last quarter. Finally, 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 valued at $157,889,000 after buying an additional 16,118 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on WMS. UBS Group decreased their target price on shares of Advanced Drainage Systems from $215.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. KeyCorp decreased their target price on shares of Advanced Drainage Systems from $198.00 to $185.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $168.00 target price on shares of Advanced Drainage Systems in a research report on Friday, May 22nd. Robert W. Baird set a $205.00 target price on shares of Advanced Drainage Systems in a research report on Friday, February 6th. Finally, Barclays decreased their target price on shares of Advanced Drainage Systems from $198.00 to $181.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Six 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.com, Advanced Drainage Systems presently has an average rating of “Moderate Buy” and an average price target of $187.00.

Advanced Drainage Systems Trading Up 1.7%

NYSE WMS opened at $140.39 on Thursday. The firm’s 50-day moving average is $142.11 and its two-hundred day moving average is $150.10. Advanced Drainage Systems, Inc. has a 12 month low of $105.14 and a 12 month high of $179.32. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.42 and a quick ratio of 1.35. The stock has a market capitalization of $10.75 billion, a P/E ratio of 25.81, a PEG ratio of 1.47 and a beta of 1.33.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, May 21st. The construction company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.12. The business had revenue of $676.76 million for the quarter, compared to analysts’ expectations of $651.92 million. Advanced Drainage Systems had a net margin of 13.98% and a return on equity of 26.63%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 earnings per share. On average, sell-side analysts anticipate that Advanced Drainage Systems, Inc. will post 6.74 earnings per share for the current year.

Advanced Drainage Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.20 per share. This is a boost from Advanced Drainage Systems’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, June 1st. Advanced Drainage Systems’s dividend payout ratio is currently 13.24%.

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.