Jessup Wealth Management Inc Purchases 1,503 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Jessup Wealth Management Inc lifted its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 69.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,659 shares of the construction company’s stock after purchasing an additional 1,503 shares during the quarter. Jessup Wealth Management Inc’s holdings in Advanced Drainage Systems were worth $423,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC raised its holdings in Advanced Drainage Systems by 18.1% during the third quarter. CWM LLC now owns 555 shares of the construction company’s stock valued at $87,000 after acquiring an additional 85 shares during the period. Creative Planning raised its stake in Advanced Drainage Systems by 149.1% during the 3rd quarter. Creative Planning now owns 11,710 shares of the construction company’s stock valued at $1,840,000 after purchasing an additional 7,009 shares during the period. Swedbank AB lifted its holdings in Advanced Drainage Systems by 5.8% in the 3rd quarter. Swedbank AB now owns 1,384,276 shares of the construction company’s stock worth $217,553,000 after purchasing an additional 75,455 shares in the last quarter. Blue Trust Inc. boosted its stake in Advanced Drainage Systems by 418.5% in the 3rd quarter. Blue Trust Inc. now owns 897 shares of the construction company’s stock worth $144,000 after purchasing an additional 724 shares during the period. Finally, Private Advisor Group LLC grew its holdings in Advanced Drainage Systems by 16.8% during the 3rd quarter. Private Advisor Group LLC now owns 12,724 shares of the construction company’s stock valued at $2,000,000 after buying an additional 1,834 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Trading Down 4.7 %

Shares of WMS stock opened at $120.99 on Thursday. The company has a market cap of $9.38 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 1.22 and a beta of 1.52. Advanced Drainage Systems, Inc. has a 1 year low of $110.75 and a 1 year high of $184.27. The stock’s 50 day simple moving average is $120.46 and its two-hundred day simple moving average is $137.64. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly 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%. Research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on WMS shares. Barclays dropped their target price on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Robert W. Baird cut their price objective on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. KeyCorp reduced their target price on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. UBS Group raised Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a research note on Wednesday, January 8th. Finally, StockNews.com downgraded Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $164.25.

About Advanced Drainage Systems

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.