Advanced Drainage Systems, Inc. (NYSE:WMS) Holdings Raised by Isthmus Partners LLC

Isthmus Partners LLC lifted its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 15.3% during the third quarter, Holdings Channel.com reports. The firm owned 2,572 shares of the construction company’s stock after acquiring an additional 342 shares during the period. Isthmus Partners LLC’s holdings in Advanced Drainage Systems were worth $404,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. West Oak Capital LLC grew its holdings in Advanced Drainage Systems by 133.3% during the second quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock worth $28,000 after acquiring an additional 100 shares during the period. Blue Trust Inc. grew its holdings in Advanced Drainage Systems by 1,472.7% during the second quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock worth $30,000 after acquiring an additional 162 shares during the period. National Bank of Canada FI acquired a new position in Advanced Drainage Systems during the second quarter worth about $45,000. Huntington National Bank grew its holdings in Advanced Drainage Systems by 123.1% during the third quarter. Huntington National Bank now owns 386 shares of the construction company’s stock worth $61,000 after acquiring an additional 213 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Advanced Drainage Systems by 65.2% during the second 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 period. 89.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WMS has been the topic of a number of research analyst reports. Loop Capital lowered their target price on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Stephens reissued an “equal weight” rating and issued a $135.00 price target (down previously from $170.00) on shares of Advanced Drainage Systems in a research note on Wednesday, November 13th. Robert W. Baird dropped their price target on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. 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. Finally, Barclays dropped their price target on Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $170.29.

Advanced Drainage Systems Trading Up 1.5 %

NYSE:WMS opened at $135.29 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.19 and a quick ratio of 2.15. Advanced Drainage Systems, Inc. has a fifty-two week low of $119.26 and a fifty-two week high of $184.27. The stock’s 50-day moving average is $147.54 and its two-hundred day moving average is $156.60. The stock has a market cap of $10.49 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 1.21 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.23). Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The business had revenue of $782.60 million for the quarter, compared to analysts’ expectations of $819.41 million. During the same period last year, the firm earned $1.71 EPS. The company’s revenue was up .3% compared to the same quarter last year. As a group, equities research analysts forecast that Advanced Drainage Systems, Inc. will post 6.5 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.64 annualized dividend and a yield of 0.47%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 10.19%.

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.