Yousif Capital Management LLC Lowers Stock Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Yousif Capital Management LLC reduced its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 4.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 24,945 shares of the construction company’s stock after selling 1,080 shares during the period. Yousif Capital Management LLC’s holdings in Advanced Drainage Systems were worth $2,884,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMS. Huntington National Bank raised its holdings 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 worth $61,000 after purchasing an additional 213 shares during the period. Millburn Ridgefield Corp increased its position in Advanced Drainage Systems by 642.4% during the 3rd quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company’s stock worth $77,000 after purchasing an additional 424 shares in the last quarter. CWM LLC increased its position in Advanced Drainage Systems by 18.1% during the 3rd quarter. CWM LLC now owns 555 shares of the construction company’s stock worth $87,000 after purchasing an additional 85 shares in the last quarter. UMB Bank n.a. raised its holdings in Advanced Drainage Systems by 12.7% in the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock valued at $90,000 after buying an additional 88 shares during the period. Finally, Spire Wealth Management acquired a new position in Advanced Drainage Systems during the fourth quarter valued at approximately $94,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Price Performance

Shares of NYSE WMS opened at $120.41 on Monday. The company has a current ratio of 3.21, a quick ratio of 2.15 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $9.33 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 1.13 and a beta of 1.52. Advanced Drainage Systems, Inc. has a twelve month low of $110.75 and a twelve month high of $184.27. The business has a 50 day simple moving average of $121.34 and a 200-day simple moving average of $139.97.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share 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, equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.12 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 0.53%. Advanced Drainage Systems’s dividend payout ratio is currently 10.70%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on WMS shares. Oppenheimer decreased their price target on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. KeyCorp decreased their target price on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Barclays dropped their target price on Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating on the stock in a report on Friday. Robert W. Baird decreased their price target on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Finally, Loop Capital dropped their price objective on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $164.25.

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.