Kestra Private Wealth Services LLC Has $441,000 Stock Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Kestra Private Wealth Services LLC lifted its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 36.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,815 shares of the construction company’s stock after acquiring an additional 1,018 shares during the period. Kestra Private Wealth Services LLC’s holdings in Advanced Drainage Systems were worth $441,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Huntington National Bank raised its position in shares of Advanced Drainage Systems by 123.1% in 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 during the period. Millburn Ridgefield Corp raised its holdings in Advanced Drainage Systems by 642.4% during 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 period. CWM LLC raised its holdings in Advanced Drainage Systems by 18.1% during the 3rd quarter. CWM LLC now owns 555 shares of the construction company’s stock worth $87,000 after buying an additional 85 shares during the period. UMB Bank n.a. raised its holdings in Advanced Drainage Systems by 12.7% during the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after buying an additional 88 shares during the period. Finally, Spire Wealth Management acquired a new stake in Advanced Drainage Systems during the 4th quarter worth approximately $94,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Price Performance

Shares of WMS opened at $126.84 on Monday. The stock has a market capitalization of $9.84 billion, a P/E ratio of 21.21, a P/E/G ratio of 1.13 and a beta of 1.52. Advanced Drainage Systems, Inc. has a twelve month low of $110.75 and a twelve month high of $184.27. The company has a 50 day moving average of $120.74 and a 200-day moving average of $138.30. The company has a quick ratio of 2.15, a current ratio of 3.21 and a debt-to-equity ratio of 0.93.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share 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%. As a group, equities research analysts forecast that Advanced Drainage Systems, Inc. will post 6.12 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on WMS. Barclays dropped their target price on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Oppenheimer dropped their target price on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. Stephens restated an “equal weight” rating and set a $135.00 target price on shares of Advanced Drainage Systems in a report on Friday, February 7th. Loop Capital dropped 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, StockNews.com downgraded shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $164.25.

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.