Stratos Wealth Partners LTD. Has $530,000 Stock Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Stratos Wealth Partners LTD. grew its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,584 shares of the construction company’s stock after buying an additional 239 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Advanced Drainage Systems were worth $530,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. State Street Corp grew its stake in shares of Advanced Drainage Systems by 8.8% during the 3rd quarter. State Street Corp now owns 2,541,688 shares of the construction company’s stock worth $399,452,000 after acquiring an additional 206,105 shares in the last quarter. Swedbank AB grew its position in Advanced Drainage Systems by 5.8% in the third quarter. Swedbank AB now owns 1,384,276 shares of the construction company’s stock valued at $217,553,000 after purchasing an additional 75,455 shares in the last quarter. Geode Capital Management LLC grew its position in Advanced Drainage Systems by 5.2% in the third quarter. Geode Capital Management LLC now owns 1,186,878 shares of the construction company’s stock valued at $186,578,000 after purchasing an additional 59,158 shares in the last quarter. KBC Group NV increased its stake in Advanced Drainage Systems by 21.2% in the 4th quarter. KBC Group NV now owns 738,749 shares of the construction company’s stock valued at $85,399,000 after buying an additional 129,252 shares during the last quarter. Finally, abrdn plc lifted its position in Advanced Drainage Systems by 28.5% during the 3rd quarter. abrdn plc now owns 579,485 shares of the construction company’s stock worth $91,683,000 after buying an additional 128,539 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Performance

NYSE WMS opened at $127.13 on Wednesday. Advanced Drainage Systems, Inc. has a 52-week low of $110.75 and a 52-week high of $184.27. The stock has a market cap of $9.86 billion, a PE ratio of 21.26, a P/E/G ratio of 1.13 and a beta of 1.52. The firm has a 50-day moving average of $121.00 and a 200-day moving average of $139.33. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.15 and a current ratio of 3.21.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. On average, sell-side analysts anticipate that Advanced Drainage Systems, Inc. will post 6.12 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio is 10.70%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. 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 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 on the stock in a research note on Monday, November 11th. UBS Group raised Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Wednesday, January 8th. Loop Capital lowered their target price on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Finally, KeyCorp cut their price target on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.25.

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.