Global Retirement Partners LLC Sells 129 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Global Retirement Partners LLC reduced its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 16.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 633 shares of the construction company’s stock after selling 129 shares during the period. Global Retirement Partners LLC’s holdings in Advanced Drainage Systems were worth $73,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Huntington National Bank grew its stake in Advanced Drainage Systems by 123.1% in the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company’s stock worth $61,000 after acquiring an additional 213 shares in the last quarter. Millburn Ridgefield Corp grew 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 acquiring an additional 424 shares in the last quarter. UMB Bank n.a. grew its stake in Advanced Drainage Systems by 12.7% in the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after acquiring an additional 88 shares in the last quarter. Spire Wealth Management bought a new position in Advanced Drainage Systems in the 4th quarter worth about $94,000. Finally, Blue Trust Inc. grew its stake in Advanced Drainage Systems by 12.0% in the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock worth $116,000 after acquiring an additional 108 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on WMS shares. StockNews.com upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Saturday, February 22nd. Oppenheimer dropped their price objective on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Barclays dropped their price objective on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Stephens reiterated an “equal weight” rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Finally, UBS Group upgraded shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $164.25.

Advanced Drainage Systems Trading Down 0.4 %

NYSE:WMS opened at $111.30 on Friday. Advanced Drainage Systems, Inc. has a 52 week low of $110.06 and a 52 week high of $184.27. The firm has a 50 day moving average of $119.51 and a 200 day moving average of $136.06. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.13 and a beta of 1.52.

Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. As a group, sell-side analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.58%. Advanced Drainage Systems’s dividend payout ratio is currently 10.70%.

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.