Advanced Drainage Systems, Inc. (NYSE:WMS) Stock Holdings Decreased by Blueshift Asset Management LLC

Blueshift Asset Management LLC lessened its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 59.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,190 shares of the construction company’s stock after selling 3,238 shares during the quarter. Blueshift Asset Management LLC’s holdings in Advanced Drainage Systems were worth $344,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMS. Blue Trust Inc. lifted its holdings in shares of Advanced Drainage Systems by 1,472.7% in the second quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock valued at $30,000 after purchasing an additional 162 shares in the last quarter. West Oak Capital LLC lifted its stake in Advanced Drainage Systems by 133.3% in the 2nd quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock worth $28,000 after acquiring an additional 100 shares in the last quarter. National Bank of Canada FI acquired a new stake in Advanced Drainage Systems during the 2nd quarter worth about $45,000. Huntington National Bank grew its stake in Advanced Drainage Systems by 123.1% during the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company’s stock valued at $61,000 after acquiring an additional 213 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Advanced Drainage Systems by 65.2% in the 2nd quarter. GAMMA Investing LLC now owns 451 shares of the construction company’s stock valued at $72,000 after purchasing an additional 178 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analysts Set New Price Targets

WMS has been the topic of a number of research analyst reports. Robert W. Baird lowered their price objective 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. Stephens restated an “equal weight” rating and set a $135.00 price target (down from $170.00) on shares of Advanced Drainage Systems in a report on Wednesday, November 13th. KeyCorp dropped their price target on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Loop Capital reduced their price objective on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Finally, Oppenheimer lowered their target price 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 research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $170.29.

Advanced Drainage Systems Trading Up 1.2 %

Advanced Drainage Systems stock opened at $133.23 on Friday. Advanced Drainage Systems, Inc. has a one year low of $119.25 and a one year high of $184.27. The company’s fifty day moving average price is $147.98 and its two-hundred day moving average price is $156.76. The company has a market capitalization of $10.33 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.21 and a beta of 1.53. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.19 and a quick ratio of 2.15.

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

Advanced Drainage Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 0.48%. Advanced Drainage Systems’s payout ratio is presently 10.19%.

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.