Pitcairn Co. Has $1.05 Million Stake in Advanced Drainage Systems, Inc. (NYSE:WMS)

Pitcairn Co. reduced its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 10.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,682 shares of the construction company’s stock after selling 775 shares during the quarter. Pitcairn Co.’s holdings in Advanced Drainage Systems were worth $1,050,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cerity Partners LLC raised its holdings in shares of Advanced Drainage Systems by 4.3% in the third quarter. Cerity Partners LLC now owns 28,432 shares of the construction company’s stock valued at $4,468,000 after buying an additional 1,160 shares during the last quarter. Nicolet Advisory Services LLC increased its position in Advanced Drainage Systems by 5.7% in the 3rd quarter. Nicolet Advisory Services LLC now owns 3,867 shares of the construction company’s stock valued at $599,000 after acquiring an additional 210 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Advanced Drainage Systems by 15.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 562,052 shares of the construction company’s stock worth $88,332,000 after acquiring an additional 75,008 shares during the last quarter. L & S Advisors Inc bought a new stake in shares of Advanced Drainage Systems during the third quarter valued at approximately $2,177,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Advanced Drainage Systems by 217.0% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 79,646 shares of the construction company’s stock valued at $12,517,000 after purchasing an additional 54,518 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

Advanced Drainage Systems Price Performance

Advanced Drainage Systems stock opened at $131.85 on Monday. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $10.22 billion, a P/E ratio of 21.00, a PEG ratio of 1.19 and a beta of 1.53. The business has a 50-day moving average of $148.95 and a 200-day moving average of $157.48. Advanced Drainage Systems, Inc. has a 1 year low of $117.97 and a 1 year high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Friday, November 8th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23). The firm had revenue of $782.60 million for the quarter, compared to analyst estimates of $819.41 million. Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.71 EPS. On average, equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.5 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Monday, December 2nd. Advanced Drainage Systems’s dividend payout ratio is currently 10.19%.

Wall Street Analysts Forecast Growth

WMS has been the subject of several research analyst reports. KeyCorp dropped their price objective on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Stephens restated an “equal weight” rating and set a $135.00 target price (down previously from $170.00) on shares of Advanced Drainage Systems in a research report on Wednesday, November 13th. Oppenheimer lowered their price objective on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. Robert W. Baird cut their target price on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Finally, Barclays reduced their target price on shares of Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Drainage Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.29.

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.