Charles Schwab Investment Management Inc. Acquires 31,510 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Charles Schwab Investment Management Inc. increased its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 5.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 593,562 shares of the construction company’s stock after purchasing an additional 31,510 shares during the period. Charles Schwab Investment Management Inc. owned 0.77% of Advanced Drainage Systems worth $68,616,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Huntington National Bank grew its holdings 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 purchasing an additional 213 shares during the period. Millburn Ridgefield Corp boosted its holdings in shares of Advanced Drainage Systems by 642.4% during the third quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company’s stock worth $77,000 after acquiring an additional 424 shares during the period. UMB Bank n.a. boosted its holdings in shares of Advanced Drainage Systems by 12.7% during the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after acquiring an additional 88 shares during the period. Spire Wealth Management bought a new stake in shares of Advanced Drainage Systems during the fourth quarter worth approximately $94,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Advanced Drainage Systems by 18.3% during the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock worth $102,000 after acquiring an additional 137 shares during the period. Institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WMS shares. Stephens restated an “equal weight” rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a report on Friday, February 7th. StockNews.com upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th. UBS Group upgraded 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. Barclays reduced their price objective on Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Finally, Loop Capital dropped their price target on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, February 7th. Two investment analysts have 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $164.25.

Advanced Drainage Systems Stock Down 3.4 %

NYSE WMS opened at $109.84 on Wednesday. Advanced Drainage Systems, Inc. has a 1-year low of $101.90 and a 1-year high of $184.27. The company has a market cap of $8.52 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 1.13 and a beta of 1.61. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. The company has a 50 day moving average of $118.87 and a 200-day moving average of $133.82.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. On average, equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

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 given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.64 annualized dividend and a 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.