Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Acquired by Quarry LP

Quarry LP increased its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 303.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,143 shares of the construction company’s stock after acquiring an additional 860 shares during the quarter. Quarry LP’s holdings in Advanced Drainage Systems were worth $183,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WMS. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Advanced Drainage Systems by 319.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company’s stock valued at $26,000 after purchasing an additional 115 shares during the period. Blue Trust Inc. increased its position in Advanced Drainage Systems by 1,472.7% in the 2nd quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock valued at $30,000 after acquiring an additional 162 shares during the period. West Oak Capital LLC raised its stake in Advanced Drainage Systems by 133.3% during the 2nd quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock valued at $28,000 after acquiring an additional 100 shares during the last quarter. Rise Advisors LLC acquired a new stake in Advanced Drainage Systems during the 1st quarter worth approximately $32,000. Finally, GAMMA Investing LLC lifted its position in Advanced Drainage Systems by 29.4% during the 1st quarter. GAMMA Investing LLC now owns 273 shares of the construction company’s stock worth $47,000 after acquiring an additional 62 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Trading Down 2.0 %

Shares of WMS opened at $157.08 on Tuesday. The firm’s 50-day moving average is $154.34 and its two-hundred day moving average is $162.31. Advanced Drainage Systems, Inc. has a twelve month low of $102.32 and a twelve month high of $184.27. The company has a current ratio of 2.89, a quick ratio of 1.90 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $12.18 billion, a P/E ratio of 24.39, a PEG ratio of 1.36 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Thursday, August 8th. The construction company reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.08. The business had revenue of $815.34 million during the quarter, compared to analysts’ expectations of $828.00 million. Advanced Drainage Systems had a return on equity of 43.60% and a net margin of 17.09%. On average, research analysts predict that Advanced Drainage Systems, Inc. will post 6.95 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Friday, August 30th. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 9.94%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Oppenheimer reissued an “outperform” rating and issued a $192.00 target price on shares of Advanced Drainage Systems in a report on Thursday, August 15th. Barclays lowered their target price on shares of Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Loop Capital cut their price target on shares of Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating for the company in a report on Monday, August 12th. StockNews.com lowered Advanced Drainage Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Robert W. Baird dropped their target price on Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Advanced Drainage Systems presently has an average rating of “Moderate Buy” and a consensus target price of $190.14.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.