Cwm LLC Acquires 85 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Cwm LLC increased its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 18.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 555 shares of the construction company’s stock after buying an additional 85 shares during the quarter. Cwm LLC’s holdings in Advanced Drainage Systems were worth $87,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. ORG Partners LLC increased its holdings in Advanced Drainage Systems by 15.6% in the 1st quarter. ORG Partners LLC now owns 490 shares of the construction company’s stock worth $83,000 after purchasing an additional 66 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Advanced Drainage Systems by 10.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the construction company’s stock worth $164,000 after purchasing an additional 95 shares in the last quarter. West Oak Capital LLC increased its holdings in Advanced Drainage Systems by 133.3% in the 2nd quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock worth $28,000 after purchasing an additional 100 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Advanced Drainage Systems by 319.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company’s stock worth $26,000 after purchasing an additional 115 shares in the last quarter. Finally, Prudential PLC increased its holdings in Advanced Drainage Systems by 8.1% in the 2nd quarter. Prudential PLC now owns 2,081 shares of the construction company’s stock worth $334,000 after purchasing an additional 156 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WMS. Oppenheimer reissued an “outperform” rating and issued a $192.00 price target on shares of Advanced Drainage Systems in a research note on Thursday, August 15th. Robert W. Baird decreased their price target on Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Loop Capital decreased their price target on Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, August 12th. StockNews.com cut Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Barclays decreased their target price on Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $190.14.

Advanced Drainage Systems Stock Down 0.6 %

Shares of NYSE:WMS opened at $150.07 on Friday. The business’s 50 day simple moving average is $152.64 and its two-hundred day simple moving average is $160.34. The firm has a market cap of $11.63 billion, a P/E ratio of 23.30, a PEG ratio of 1.29 and a beta of 1.53. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.90 and a current ratio of 2.89. Advanced Drainage Systems, Inc. has a 52-week low of $102.32 and a 52-week high of $184.27.

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

Advanced Drainage Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.43%. Advanced Drainage Systems’s dividend payout ratio is presently 9.94%.

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.