MML Investors Services LLC Increases Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

MML Investors Services LLC boosted its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 9.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,607 shares of the construction company’s stock after acquiring an additional 226 shares during the period. MML Investors Services LLC’s holdings in Advanced Drainage Systems were worth $410,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. National Bank of Canada FI purchased a new stake in shares of Advanced Drainage Systems in the second quarter valued at $45,000. Huntington National Bank lifted its position in Advanced Drainage Systems by 123.1% during the third quarter. Huntington National Bank now owns 386 shares of the construction company’s stock worth $61,000 after buying an additional 213 shares during the period. Millburn Ridgefield Corp boosted its stake in Advanced Drainage Systems by 642.4% in the 3rd quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company’s stock worth $77,000 after buying an additional 424 shares during the last quarter. CWM LLC grew its holdings in Advanced Drainage Systems by 18.1% in the 3rd quarter. CWM LLC now owns 555 shares of the construction company’s stock valued at $87,000 after buying an additional 85 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Advanced Drainage Systems by 20.5% during the 3rd quarter. UMB Bank n.a. now owns 693 shares of the construction company’s stock valued at $109,000 after acquiring an additional 118 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Price Performance

WMS stock opened at $115.54 on Tuesday. The stock has a 50-day simple moving average of $138.67 and a 200-day simple moving average of $151.17. The firm has a market cap of $8.96 billion, a P/E ratio of 18.40, a price-to-earnings-growth ratio of 1.22 and a beta of 1.48. 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 1 year low of $113.88 and a 1 year high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last posted 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 analysts’ expectations of $819.41 million. Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.71 EPS. On average, equities analysts predict that Advanced Drainage Systems, Inc. will post 6.12 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently issued reports on WMS. Oppenheimer lowered their target price on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Robert W. Baird dropped their price objective on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Barclays reduced their target price on Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Loop Capital dropped their price target on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Finally, KeyCorp reduced their price objective on 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. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $170.29.

Advanced Drainage Systems Company 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.