L & S Advisors Inc Invests $2.18 Million in Advanced Drainage Systems, Inc. (NYSE:WMS)

L & S Advisors Inc purchased a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,849 shares of the construction company’s stock, valued at approximately $2,177,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. CIBC Asset Management Inc boosted its position in Advanced Drainage Systems by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company’s stock worth $357,000 after acquiring an additional 79 shares during the period. CWM LLC raised its stake in shares of Advanced Drainage Systems by 18.1% in the 3rd quarter. CWM LLC now owns 555 shares of the construction company’s stock worth $87,000 after buying an additional 85 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of 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 buying an additional 95 shares in the last quarter. West Oak Capital LLC raised its position in shares of Advanced Drainage Systems by 133.3% during the second quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock worth $28,000 after purchasing an additional 100 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of Advanced Drainage Systems by 4.8% during the third quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company’s stock worth $379,000 after purchasing an additional 111 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. KeyCorp dropped their price target on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Barclays dropped their price target on Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Loop Capital dropped their price target on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Stephens reissued an “equal weight” rating and set a $135.00 price target (down from $170.00) on shares of Advanced Drainage Systems in a research report on Wednesday, November 13th. Finally, Oppenheimer dropped their price target on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $170.29.

Advanced Drainage Systems Trading Down 0.5 %

WMS stock opened at $128.39 on Thursday. The business has a fifty day moving average price of $149.58 and a 200 day moving average price of $158.10. Advanced Drainage Systems, Inc. has a fifty-two week low of $116.98 and a fifty-two week high of $184.27. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of 20.45, a P/E/G ratio of 1.17 and a beta of 1.53. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.19 and a quick ratio of 2.15.

Advanced Drainage Systems (NYSE:WMS) last released 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 net margin of 16.89% and a return on equity of 40.31%. The firm had revenue of $782.60 million during the quarter, compared to analyst estimates of $819.41 million. During the same period last year, the business posted $1.71 earnings per share. The firm’s quarterly revenue was up .3% on a year-over-year basis. Analysts expect that Advanced Drainage Systems, Inc. will post 6.5 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued 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 0.50%. Advanced Drainage Systems’s dividend payout ratio (DPR) is 10.19%.

About Advanced Drainage Systems

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.