Silver Oak Securities Incorporated Acquires Shares of 2,136 Advanced Drainage Systems, Inc. (NYSE:WMS)

Silver Oak Securities Incorporated bought a new position in Advanced Drainage Systems, Inc. (NYSE:WMS) during the 4th quarter, Holdings Channel reports. The fund bought 2,136 shares of the construction company’s stock, valued at approximately $245,000.

Several other large investors also recently modified their holdings of WMS. State Street Corp lifted its holdings in Advanced Drainage Systems by 8.8% in the 3rd quarter. State Street Corp now owns 2,541,688 shares of the construction company’s stock worth $399,452,000 after buying an additional 206,105 shares during the period. Fernbridge Capital Management LP lifted its stake in Advanced Drainage Systems by 108.2% in the third quarter. Fernbridge Capital Management LP now owns 253,549 shares of the construction company’s stock worth $39,848,000 after acquiring an additional 131,781 shares during the period. KBC Group NV lifted its stake in Advanced Drainage Systems by 21.2% in the fourth quarter. KBC Group NV now owns 738,749 shares of the construction company’s stock worth $85,399,000 after acquiring an additional 129,252 shares during the period. abrdn plc boosted its holdings in Advanced Drainage Systems by 28.5% in the third quarter. abrdn plc now owns 579,485 shares of the construction company’s stock valued at $91,683,000 after acquiring an additional 128,539 shares in the last quarter. Finally, Swedbank AB increased its position in Advanced Drainage Systems by 5.8% during the 3rd 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 during the period. 89.83% of the stock is owned by institutional investors.

Advanced Drainage Systems Trading Up 2.3 %

NYSE WMS opened at $120.41 on Monday. The stock’s fifty day moving average price is $121.34 and its 200-day moving average price is $139.97. 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 stock has a market cap of $9.33 billion, a P/E ratio of 20.13, a P/E/G ratio of 1.13 and a beta of 1.52. Advanced Drainage Systems, Inc. has a 12 month low of $110.75 and a 12 month high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts forecast that Advanced Drainage Systems, Inc. will post 6.12 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

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

Analyst Upgrades and Downgrades

WMS has been the topic of a number of research reports. Robert W. Baird cut their target price on shares of 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. Barclays lowered their target price on Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating for the company in a research note on Friday. Stephens reaffirmed an “equal weight” rating and issued a $135.00 price target on shares of Advanced Drainage Systems in a research note on Friday. Loop Capital lowered their price objective on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a research report on Friday. Finally, 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 report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $164.25.

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.