Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Bought by MIG Capital LLC

MIG Capital LLC grew its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 45.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 231,817 shares of the construction company’s stock after buying an additional 72,863 shares during the quarter. Advanced Drainage Systems makes up about 2.8% of MIG Capital LLC’s portfolio, making the stock its 18th largest holding. MIG Capital LLC’s holdings in Advanced Drainage Systems were worth $26,798,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. FMR LLC lifted its holdings in Advanced Drainage Systems by 50.8% in the 3rd quarter. FMR LLC now owns 54,341 shares of the construction company’s stock valued at $8,540,000 after purchasing an additional 18,313 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in shares of Advanced Drainage Systems in the third quarter worth about $259,000. State Street Corp boosted its position in Advanced Drainage Systems by 8.8% during the third quarter. State Street Corp now owns 2,541,688 shares of the construction company’s stock worth $399,452,000 after acquiring an additional 206,105 shares during the last quarter. Zacks Investment Management purchased a new stake in Advanced Drainage Systems during the 3rd quarter valued at about $2,694,000. Finally, MML Investors Services LLC raised its holdings in Advanced Drainage Systems by 9.5% in the 3rd quarter. MML Investors Services LLC now owns 2,607 shares of the construction company’s stock valued at $410,000 after acquiring an additional 226 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. UBS Group upgraded Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a research report on Wednesday, January 8th. Barclays dropped their target price on Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft assumed coverage on Advanced Drainage Systems in a report on Tuesday, April 1st. They set a “buy” rating and a $134.00 price target on the stock. Stephens reissued an “equal weight” rating and issued a $135.00 price objective on shares of Advanced Drainage Systems in a report on Friday, February 7th. Finally, Loop Capital reduced their target price 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, February 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $160.89.

Advanced Drainage Systems Trading Down 2.3 %

NYSE WMS opened at $100.82 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98. The stock has a market capitalization of $7.82 billion, a P/E ratio of 16.86, a PEG ratio of 1.13 and a beta of 1.48. The firm’s 50-day moving average is $115.03 and its two-hundred day moving average is $128.85. Advanced Drainage Systems, Inc. has a 12 month low of $95.39 and a 12 month high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last posted 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 return on equity of 35.79% and a net margin of 15.90%. On average, sell-side analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.63%. Advanced Drainage Systems’s dividend payout ratio is presently 10.70%.

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.