Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Purchased by Geneva Capital Management LLC

Geneva Capital Management LLC increased its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 2.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 202,128 shares of the construction company’s stock after acquiring an additional 5,617 shares during the period. Geneva Capital Management LLC’s holdings in Advanced Drainage Systems were worth $31,766,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co increased its holdings in shares of Advanced Drainage Systems by 24.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 63,780 shares of the construction company’s stock valued at $11,006,000 after buying an additional 12,655 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of Advanced Drainage Systems in the 1st quarter valued at about $525,000. Price T Rowe Associates Inc. MD grew its position in Advanced Drainage Systems by 16.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 139,677 shares of the construction company’s stock valued at $24,059,000 after purchasing an additional 19,626 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Advanced Drainage Systems by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 7,265,169 shares of the construction company’s stock valued at $1,251,353,000 after buying an additional 395,099 shares during the period. Finally, Castleark Management LLC acquired a new stake in Advanced Drainage Systems during the first quarter valued at $580,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Advanced Drainage Systems Price Performance

Shares of WMS opened at $130.97 on Wednesday. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.97. The company’s fifty day simple moving average is $150.84 and its 200 day simple moving average is $159.35. Advanced Drainage Systems, Inc. has a 1-year low of $112.11 and a 1-year high of $184.27. The company has a market cap of $10.15 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 1.15 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.23). Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. The business had revenue of $782.60 million for the quarter, compared to the consensus estimate of $819.41 million. During the same quarter in the prior year, the firm posted $1.71 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. On average, research analysts forecast that Advanced Drainage Systems, Inc. will post 6.95 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.16 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.49%. Advanced Drainage Systems’s payout ratio is presently 10.19%.

Analyst Upgrades and Downgrades

WMS has been the subject of a number of analyst reports. StockNews.com cut shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Robert W. Baird decreased their price target on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research report on Monday. KeyCorp cut their price target on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a report on Monday. Oppenheimer reduced their price objective on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Loop Capital lowered their price target on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Monday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Drainage Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.57.

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.