Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Bought by Pitcairn Co.

Pitcairn Co. lifted its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,081 shares of the construction company’s stock after buying an additional 399 shares during the period. Pitcairn Co.’s holdings in Advanced Drainage Systems were worth $819,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WMS. Vanguard Group Inc. boosted its position in Advanced Drainage Systems by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 7,332,268 shares of the construction company’s stock worth $847,610,000 after acquiring an additional 52,799 shares during the period. State Street Corp grew its position 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 valued at $399,452,000 after buying an additional 206,105 shares in the last quarter. Impax Asset Management Group plc increased its stake in Advanced Drainage Systems by 34.6% during the 4th quarter. Impax Asset Management Group plc now owns 2,530,000 shares of the construction company’s stock valued at $291,723,000 after buying an additional 650,052 shares during the period. American Century Companies Inc. raised its position in shares of Advanced Drainage Systems by 1.2% during the 4th quarter. American Century Companies Inc. now owns 1,402,447 shares of the construction company’s stock worth $162,123,000 after buying an additional 16,415 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Advanced Drainage Systems by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,192,746 shares of the construction company’s stock worth $137,924,000 after acquiring an additional 5,868 shares during the period. 89.83% of the stock is owned by institutional investors.

Advanced Drainage Systems Stock Down 2.3 %

WMS stock opened at $100.82 on Friday. The company has a 50 day moving average of $115.03 and a two-hundred day moving average of $128.99. The company has a market cap of $7.82 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 1.13 and a beta of 1.48. Advanced Drainage Systems, Inc. has a 12-month low of $95.39 and a 12-month high of $184.27. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) 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%. On average, equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal 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 dividend on an annualized basis and a yield of 0.63%. Advanced Drainage Systems’s dividend payout ratio is currently 10.70%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on WMS shares. UBS Group upgraded shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Wednesday, January 8th. StockNews.com cut Advanced Drainage Systems from a “hold” rating to a “sell” rating in a report on Tuesday. Loop Capital reduced their target price on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, February 7th. Stephens reissued an “equal weight” rating and issued a $135.00 price target on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Advanced Drainage Systems in a research note on Tuesday. They set a “buy” rating and a $134.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.89.

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.