Atom Investors LP Has $3.16 Million Stake in Advanced Drainage Systems, Inc. (NYSE:WMS)

Atom Investors LP grew its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 169.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 20,125 shares of the construction company’s stock after purchasing an additional 12,669 shares during the period. Atom Investors LP’s holdings in Advanced Drainage Systems were worth $3,163,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. William Blair Investment Management LLC raised its position in Advanced Drainage Systems by 4.7% in the 2nd quarter. William Blair Investment Management LLC now owns 1,430,091 shares of the construction company’s stock valued at $229,372,000 after buying an additional 64,618 shares during the last quarter. Swedbank AB lifted its position in shares of Advanced Drainage Systems by 5.8% during the third quarter. Swedbank AB now owns 1,384,276 shares of the construction company’s stock valued at $217,553,000 after purchasing an additional 75,455 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Advanced Drainage Systems by 0.6% during the second quarter. Thrivent Financial for Lutherans now owns 1,382,735 shares of the construction company’s stock worth $221,777,000 after purchasing an additional 7,690 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Advanced Drainage Systems by 13.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 772,588 shares of the construction company’s stock worth $123,920,000 after purchasing an additional 94,019 shares in the last quarter. Finally, KBC Group NV increased its stake in Advanced Drainage Systems by 0.3% in the 3rd quarter. KBC Group NV now owns 609,497 shares of the construction company’s stock valued at $95,789,000 after buying an additional 1,773 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on WMS shares. Oppenheimer dropped their target price on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Loop Capital dropped their target price on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Stephens reaffirmed an “equal weight” rating and issued a $135.00 price target (down previously from $170.00) on shares of Advanced Drainage Systems in a report on Wednesday, November 13th. KeyCorp dropped their price target on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Finally, Barclays cut their price target on Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.29.

Advanced Drainage Systems Stock Up 1.5 %

WMS stock opened at $135.29 on Monday. The stock has a 50-day simple moving average of $147.19 and a two-hundred day simple moving average of $156.23. Advanced Drainage Systems, Inc. has a twelve month low of $119.26 and a twelve month high of $184.27. The firm has a market capitalization of $10.49 billion, a PE ratio of 21.54, a PEG ratio of 1.22 and a beta of 1.48. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.97.

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

Advanced Drainage Systems Announces Dividend

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

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.