Victory Capital Management Inc. Has $3.15 Million Stake in Advanced Drainage Systems, Inc. (NYSE:WMS)

Victory Capital Management Inc. trimmed its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 83.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,211 shares of the construction company’s stock after selling 136,979 shares during the period. Victory Capital Management Inc.’s holdings in Advanced Drainage Systems were worth $3,146,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WMS. Huntington National Bank grew its holdings in Advanced Drainage Systems by 123.1% during 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 during the period. Millburn Ridgefield Corp grew 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 acquiring an additional 424 shares during the period. UMB Bank n.a. grew 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 acquiring an additional 88 shares during the period. Spire Wealth Management acquired a new stake in Advanced Drainage Systems during the 4th quarter worth about $94,000. Finally, First Horizon Advisors Inc. grew its holdings in Advanced Drainage Systems by 18.3% during the 4th 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. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the company. StockNews.com upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th. Stephens reissued an “equal weight” rating and set a $135.00 target price on shares of Advanced Drainage Systems in a research report on Friday, February 7th. UBS Group upgraded Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a report on Wednesday, January 8th. Loop Capital decreased their price target on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, February 7th. Finally, Barclays cut 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 report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $164.25.

Advanced Drainage Systems Trading Up 3.3 %

Shares of Advanced Drainage Systems stock opened at $108.74 on Monday. The firm has a market cap of $8.44 billion, a PE ratio of 18.18, a P/E/G ratio of 1.13 and a beta of 1.61. Advanced Drainage Systems, Inc. has a 1 year low of $101.90 and a 1 year high of $184.27. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98. The stock has a fifty day moving average price of $118.43 and a 200-day moving average price of $132.73.

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

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.16 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.59%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 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.