Menta Capital LLC lifted its stake in Advanced Drainage Systems Inc (NYSE:WMS) by 71.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,103 shares of the construction company’s stock after buying an additional 7,100 shares during the period. Menta Capital LLC’s holdings in Advanced Drainage Systems were worth $415,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in Advanced Drainage Systems by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 274,540 shares of the construction company’s stock worth $7,838,000 after purchasing an additional 18,870 shares during the period. State Board of Administration of Florida Retirement System bought a new position in Advanced Drainage Systems in the third quarter worth $250,000. Wells Fargo & Company MN lifted its position in Advanced Drainage Systems by 3.6% in the third quarter. Wells Fargo & Company MN now owns 60,361 shares of the construction company’s stock worth $1,866,000 after purchasing an additional 2,106 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new position in Advanced Drainage Systems in the third quarter worth $996,000. Finally, Janney Montgomery Scott LLC bought a new position in Advanced Drainage Systems in the third quarter worth $209,000. Hedge funds and other institutional investors own 79.06% of the company’s stock.

Shares of WMS stock opened at $25.57 on Friday. The firm has a market capitalization of $1.46 billion, a P/E ratio of 31.57 and a beta of 0.99. Advanced Drainage Systems Inc has a one year low of $23.04 and a one year high of $33.50. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.24 and a quick ratio of 0.95.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Thursday, February 7th. The construction company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.06). Advanced Drainage Systems had a return on equity of 37.87% and a net margin of 4.98%. The firm had revenue of $318.11 million during the quarter, compared to the consensus estimate of $339.61 million. During the same period last year, the business earned $0.28 earnings per share. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, sell-side analysts predict that Advanced Drainage Systems Inc will post 1.18 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, February 28th. This represents a $0.32 annualized dividend and a yield of 1.25%. Advanced Drainage Systems’s dividend payout ratio is currently 39.51%.

In other Advanced Drainage Systems news, EVP Ronald R. Vitarelli sold 2,500 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $25.47, for a total transaction of $63,675.00. Following the completion of the transaction, the executive vice president now directly owns 30,285 shares in the company, valued at $771,358.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 20.97% of the company’s stock.

Several research analysts recently commented on the company. Zacks Investment Research raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Saturday, December 1st. Barclays reduced their target price on Advanced Drainage Systems from $30.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 12th. Finally, Citigroup reduced their target price on Advanced Drainage Systems from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, January 4th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Advanced Drainage Systems currently has an average rating of “Hold” and a consensus price target of $30.50.

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Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States and internationally. The company offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.

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Institutional Ownership by Quarter for Advanced Drainage Systems (NYSE:WMS)

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