Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Caprock Group LLC

Caprock Group LLC lessened its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 13.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,336 shares of the construction company’s stock after selling 203 shares during the period. Caprock Group LLC’s holdings in Advanced Drainage Systems were worth $210,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of WMS. Blue Trust Inc. boosted its stake in Advanced Drainage Systems by 1,472.7% in the 2nd quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock worth $30,000 after purchasing an additional 162 shares in the last quarter. West Oak Capital LLC raised its holdings in shares of Advanced Drainage Systems by 133.3% in the second quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock worth $28,000 after buying an additional 100 shares during the last quarter. National Bank of Canada FI acquired a new stake in shares of Advanced Drainage Systems during the second quarter worth $45,000. Huntington National Bank increased its position in shares of Advanced Drainage Systems by 123.1% in the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company’s stock valued at $61,000 after acquiring an additional 213 shares during the period. Finally, GAMMA Investing LLC raised its stake in Advanced Drainage Systems by 65.2% in the 2nd quarter. GAMMA Investing LLC now owns 451 shares of the construction company’s stock worth $72,000 after acquiring an additional 178 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Up 2.7 %

WMS opened at $131.85 on Monday. The company has a fifty day moving average of $148.95 and a two-hundred day moving average of $157.48. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.15 and a current ratio of 3.19. Advanced Drainage Systems, Inc. has a fifty-two week low of $117.97 and a fifty-two week high of $184.27. The stock has a market capitalization of $10.22 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 1.19 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23). The business had revenue of $782.60 million for the quarter, compared to analysts’ expectations of $819.41 million. Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.71 EPS. On average, research analysts expect that Advanced Drainage Systems, Inc. will post 6.5 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Monday, December 2nd. Advanced Drainage Systems’s payout ratio is presently 10.19%.

Wall Street Analysts Forecast Growth

WMS has been the topic of several research analyst reports. Oppenheimer dropped their price target on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Robert W. Baird cut their price target on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. Loop Capital decreased their price objective on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Stephens reaffirmed an “equal weight” rating and issued a $135.00 price objective (down from $170.00) on shares of Advanced Drainage Systems in a report on Wednesday, November 13th. Finally, Barclays reduced their target price on shares of Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.29.

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.