MIG Capital LLC Purchases 72,863 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

MIG Capital LLC boosted its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 45.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 231,817 shares of the construction company’s stock after acquiring an additional 72,863 shares during the period. Advanced Drainage Systems accounts for 2.8% of MIG Capital LLC’s holdings, making the stock its 18th biggest position. MIG Capital LLC owned 0.30% of Advanced Drainage Systems worth $26,798,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WMS. UMB Bank n.a. grew its stake in shares of Advanced Drainage Systems by 12.7% during the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after acquiring an additional 88 shares during the last quarter. Spire Wealth Management purchased a new stake in Advanced Drainage Systems during the 4th quarter worth approximately $94,000. First Horizon Advisors Inc. increased its stake in Advanced Drainage Systems by 18.3% during the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock valued at $102,000 after purchasing an additional 137 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Advanced Drainage Systems by 12.0% in the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock worth $116,000 after buying an additional 108 shares during the last quarter. Finally, Headlands Technologies LLC lifted its stake in shares of Advanced Drainage Systems by 1,298.6% during the fourth quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company’s stock worth $118,000 after buying an additional 948 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

WMS has been the subject of a number of research analyst reports. UBS Group upgraded Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft started coverage on Advanced Drainage Systems in a report on Tuesday, April 1st. They set a “buy” rating and a $134.00 target price for the company. Barclays cut their price target on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Stephens restated an “equal weight” rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Finally, Loop Capital cut their price objective 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 analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $160.89.

Advanced Drainage Systems Stock Performance

Shares of NYSE WMS opened at $100.82 on Friday. Advanced Drainage Systems, Inc. has a 1 year low of $95.39 and a 1 year high of $184.27. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. The company’s fifty day moving average price is $115.03 and its 200 day moving average price is $128.85. The company has a market capitalization of $7.82 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48.

Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Thursday, February 6th. The construction company reported $1.09 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, research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.63%. Advanced Drainage Systems’s dividend payout ratio (DPR) is 10.70%.

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.