Vision Capital Management Inc. Has $2.89 Million Stock Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Vision Capital Management Inc. increased its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 118.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 24,981 shares of the construction company’s stock after purchasing an additional 13,554 shares during the quarter. Vision Capital Management Inc.’s holdings in Advanced Drainage Systems were worth $2,888,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in WMS. State Street Corp boosted its holdings 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 valued at $399,452,000 after purchasing an additional 206,105 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Advanced Drainage Systems by 50.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 96,764 shares of the construction company’s stock worth $11,186,000 after acquiring an additional 32,418 shares in the last quarter. Zacks Investment Management acquired a new position in shares of Advanced Drainage Systems in the 3rd quarter worth approximately $2,694,000. Advantage Alpha Capital Partners LP acquired a new position in shares of Advanced Drainage Systems in the 3rd quarter worth approximately $8,540,000. Finally, Swedbank AB raised its position in Advanced Drainage Systems by 5.8% in the 3rd quarter. Swedbank AB now owns 1,384,276 shares of the construction company’s stock worth $217,553,000 after purchasing an additional 75,455 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Down 0.8 %

WMS stock opened at $116.67 on Thursday. The stock has a fifty day moving average of $121.95 and a 200-day moving average of $140.87. The company has a market capitalization of $9.04 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 1.16 and a beta of 1.52. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.15 and a current ratio of 3.19. Advanced Drainage Systems, Inc. has a fifty-two week low of $110.75 and a fifty-two week high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.23). The company had revenue of $782.60 million during the quarter, compared to the consensus estimate of $819.41 million. Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. The company’s revenue was up .3% compared to the same quarter last year. During the same period last year, the firm posted $1.71 earnings per share. As a group, equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.12 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Monday, December 2nd. Advanced Drainage Systems’s payout ratio is 10.19%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WMS shares. KeyCorp lowered their price target on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. UBS Group raised 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 cut their price objective on Advanced Drainage Systems from $172.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Stephens reiterated an “equal weight” rating and set a $135.00 price objective (down previously from $170.00) on shares of Advanced Drainage Systems in a research report on Wednesday, November 13th. Finally, Oppenheimer cut their price target on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Drainage Systems has a consensus rating of “Moderate Buy” and an average target price of $166.88.

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.