Foresight Group Ltd Liability Partnership Buys 2,603 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Foresight Group Ltd Liability Partnership grew its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 76.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,000 shares of the construction company’s stock after acquiring an additional 2,603 shares during the period. Advanced Drainage Systems accounts for about 0.4% of Foresight Group Ltd Liability Partnership’s investment portfolio, making the stock its 24th biggest position. Foresight Group Ltd Liability Partnership’s holdings in Advanced Drainage Systems were worth $962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC raised its stake in shares of Advanced Drainage Systems by 29.4% during the first quarter. GAMMA Investing LLC now owns 273 shares of the construction company’s stock worth $47,000 after buying an additional 62 shares during the last quarter. ORG Partners LLC raised its stake in shares of Advanced Drainage Systems by 15.6% during the first quarter. ORG Partners LLC now owns 490 shares of the construction company’s stock worth $83,000 after buying an additional 66 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Advanced Drainage Systems by 10.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the construction company’s stock worth $164,000 after buying an additional 95 shares during the last quarter. West Oak Capital LLC raised its stake in shares of Advanced Drainage Systems by 133.3% during the second quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock worth $28,000 after buying an additional 100 shares during the last quarter. Finally, Argent Capital Management LLC raised its stake in shares of Advanced Drainage Systems by 0.5% during the first quarter. Argent Capital Management LLC now owns 20,504 shares of the construction company’s stock worth $3,532,000 after buying an additional 104 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WMS shares. Barclays dropped their price target on shares of Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Oppenheimer restated an “outperform” rating and set a $192.00 price objective on shares of Advanced Drainage Systems in a report on Thursday, August 15th. Robert W. Baird decreased 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 report on Friday, August 9th. StockNews.com cut shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Loop Capital decreased 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 report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Drainage Systems presently has an average rating of “Moderate Buy” and a consensus price target of $190.14.

Advanced Drainage Systems Stock Down 0.4 %

Advanced Drainage Systems stock opened at $149.22 on Thursday. The stock has a market capitalization of $11.57 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 1.26 and a beta of 1.53. Advanced Drainage Systems, Inc. has a twelve month low of $102.32 and a twelve month high of $184.27. The company has a quick ratio of 1.90, a current ratio of 2.89 and a debt-to-equity ratio of 1.04. The company has a 50 day moving average of $156.63 and a 200-day moving average of $162.84.

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

Advanced Drainage Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Friday, August 30th. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 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.