Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Bought by EntryPoint Capital LLC

EntryPoint Capital LLC lifted its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 164.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,484 shares of the construction company’s stock after purchasing an additional 2,168 shares during the quarter. EntryPoint Capital LLC’s holdings in Advanced Drainage Systems were worth $403,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Advanced Drainage Systems by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 7,332,268 shares of the construction company’s stock worth $847,610,000 after buying an additional 52,799 shares during the last quarter. State Street Corp grew its position in shares of Advanced Drainage Systems by 8.8% during the third quarter. State Street Corp now owns 2,541,688 shares of the construction company’s stock worth $399,452,000 after acquiring an additional 206,105 shares during the last quarter. Impax Asset Management Group plc increased its holdings in shares of Advanced Drainage Systems by 34.6% in the 4th quarter. Impax Asset Management Group plc now owns 2,530,000 shares of the construction company’s stock worth $291,723,000 after acquiring an additional 650,052 shares during the period. American Century Companies Inc. lifted its position in Advanced Drainage Systems by 1.2% in the 4th quarter. American Century Companies Inc. now owns 1,402,447 shares of the construction company’s stock valued at $162,123,000 after purchasing an additional 16,415 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Advanced Drainage Systems by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,186,878 shares of the construction company’s stock valued at $186,578,000 after purchasing an additional 59,158 shares during the period. Institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on WMS shares. StockNews.com upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th. UBS Group raised Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a research note on Wednesday, January 8th. Barclays decreased their price target on Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Stephens restated an “equal weight” rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Finally, Loop Capital reduced their price objective on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Advanced Drainage Systems has a consensus rating of “Moderate Buy” and an average price target of $164.25.

Advanced Drainage Systems Price Performance

NYSE:WMS opened at $111.15 on Wednesday. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. The business’s 50-day moving average price is $117.76 and its 200 day moving average price is $130.82. Advanced Drainage Systems, Inc. has a 52-week low of $101.90 and a 52-week high of $184.27. The firm has a market cap of $8.62 billion, a P/E ratio of 18.59, a PEG ratio of 1.13 and a beta of 1.61.

Advanced Drainage Systems (NYSE:WMS) last released 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 net margin of 15.90% and a return on equity of 35.79%. As a group, sell-side analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio is presently 10.70%.

Advanced Drainage Systems Company 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.