Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Bought by PFG Investments LLC

PFG Investments LLC lifted its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 3.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,635 shares of the construction company’s stock after buying an additional 321 shares during the quarter. PFG Investments LLC’s holdings in Advanced Drainage Systems were worth $1,357,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Swedbank AB purchased a new stake in shares of Advanced Drainage Systems during the 1st quarter worth $220,853,000. Vanguard Group Inc. raised its stake in Advanced Drainage Systems by 5.8% in the first quarter. Vanguard Group Inc. now owns 7,265,169 shares of the construction company’s stock valued at $1,251,353,000 after buying an additional 395,099 shares in the last quarter. Boston Partners lifted its holdings in Advanced Drainage Systems by 16.9% during the 1st quarter. Boston Partners now owns 1,519,118 shares of the construction company’s stock worth $261,609,000 after buying an additional 219,629 shares during the last quarter. Millennium Management LLC boosted its position in shares of Advanced Drainage Systems by 136.2% during the 2nd quarter. Millennium Management LLC now owns 312,393 shares of the construction company’s stock worth $50,105,000 after acquiring an additional 180,154 shares in the last quarter. Finally, Lazard Freres Gestion S.A.S. purchased a new position in shares of Advanced Drainage Systems in the 2nd quarter valued at about $28,870,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Drainage Systems Trading Down 0.6 %

NYSE WMS opened at $150.07 on Friday. The firm’s fifty day moving average is $152.64 and its two-hundred day moving average is $160.34. Advanced Drainage Systems, Inc. has a one year low of $102.32 and a one year high of $184.27. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.90 and a current ratio of 2.89. The firm has a market cap of $11.63 billion, a PE ratio of 23.30, a P/E/G ratio of 1.29 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, August 8th. The construction company reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.08. Advanced Drainage Systems had a return on equity of 43.60% and a net margin of 17.09%. The firm had revenue of $815.34 million for the quarter, compared to analysts’ expectations of $828.00 million. Analysts expect that Advanced Drainage Systems, Inc. will post 6.95 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.43%. The ex-dividend date was Friday, August 30th. Advanced Drainage Systems’s dividend payout ratio is presently 9.94%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WMS. StockNews.com downgraded Advanced Drainage Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Robert W. Baird dropped their target price on shares of Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Barclays cut their price target on shares of Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Oppenheimer restated an “outperform” rating and issued a $192.00 price objective on shares of Advanced Drainage Systems in a research note on Thursday, August 15th. Finally, Loop Capital cut their target price on Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $190.14.

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.