Caprock Group LLC Invests $247,000 in Advanced Drainage Systems, Inc. (NYSE:WMS)

Caprock Group LLC acquired a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,539 shares of the construction company’s stock, valued at approximately $247,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMS. Swedbank AB bought a new position in shares of Advanced Drainage Systems during the 1st quarter worth about $220,853,000. Norges Bank acquired a new stake in shares of Advanced Drainage Systems during the 4th quarter worth about $88,640,000. Vanguard Group Inc. increased its position in shares of Advanced Drainage Systems by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 7,265,169 shares of the construction company’s stock worth $1,251,353,000 after purchasing an additional 395,099 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Advanced Drainage Systems by 107.4% during the 4th quarter. Wellington Management Group LLP now owns 567,504 shares of the construction company’s stock worth $79,814,000 after purchasing an additional 293,924 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Advanced Drainage Systems by 78.5% during the 4th quarter. KBC Group NV now owns 659,483 shares of the construction company’s stock worth $92,750,000 after purchasing an additional 289,925 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Oppenheimer restated an “outperform” rating and issued a $192.00 price objective on shares of Advanced Drainage Systems in a research report on Thursday, August 15th. Barclays lowered their price objective on shares of Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Loop Capital lowered their price objective on shares of Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, August 12th. KeyCorp raised their price objective on shares of Advanced Drainage Systems from $185.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Finally, Robert W. Baird lowered their price objective on shares of Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $190.14.

Advanced Drainage Systems Stock Up 2.2 %

Shares of NYSE:WMS opened at $147.58 on Friday. Advanced Drainage Systems, Inc. has a one year low of $102.32 and a one year high of $184.27. The company has a 50 day moving average of $156.80 and a 200-day moving average of $163.06. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.89 and a quick ratio of 1.90. The stock has a market cap of $11.44 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 1.21 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, August 8th. The construction company reported $2.06 EPS for the quarter, topping the consensus estimate of $1.98 by $0.08. Advanced Drainage Systems had a net margin of 17.09% and a return on equity of 43.60%. The company had revenue of $815.34 million during the quarter, compared to analysts’ expectations of $828.00 million. On average, sell-side analysts forecast that Advanced Drainage Systems, Inc. will post 6.95 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.43%. The ex-dividend date was Friday, August 30th. Advanced Drainage Systems’s payout ratio is 9.94%.

Advanced Drainage Systems Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.