Alpha DNA Investment Management LLC Has $446,000 Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Alpha DNA Investment Management LLC boosted its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 13.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,839 shares of the construction company’s stock after buying an additional 326 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in Advanced Drainage Systems were worth $446,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WMS. West Oak Capital LLC raised its position in shares of 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 acquiring an additional 100 shares in the last quarter. Blue Trust Inc. raised its position in shares of Advanced Drainage Systems by 1,472.7% in the 2nd quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock worth $30,000 after acquiring an additional 162 shares in the last quarter. National Bank of Canada FI bought a new position in shares of Advanced Drainage Systems in the 2nd quarter worth about $45,000. Huntington National Bank raised its position in shares of Advanced Drainage Systems by 123.1% in 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 in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Advanced Drainage Systems by 65.2% in the 2nd quarter. GAMMA Investing LLC now owns 451 shares of the construction company’s stock worth $72,000 after acquiring an additional 178 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WMS has been the subject of a number of research analyst reports. Loop Capital decreased their target price on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Stephens reaffirmed an “equal weight” rating and issued a $135.00 target price (down from $170.00) on shares of Advanced Drainage Systems in a research report on Wednesday, November 13th. KeyCorp decreased their target price on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Barclays decreased their target price on Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Finally, Robert W. Baird decreased their target price on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company 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’s stock. According to data from MarketBeat.com, Advanced Drainage Systems currently has an average rating of “Moderate Buy” and an average price target of $170.29.

Advanced Drainage Systems Stock Performance

Shares of Advanced Drainage Systems stock opened at $131.85 on Monday. The company has a market cap of $10.22 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 1.19 and a beta of 1.53. Advanced Drainage Systems, Inc. has a 52 week low of $117.97 and a 52 week high of $184.27. The business has a 50 day moving average price of $148.95 and a 200-day moving average price of $157.48. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.97.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.23). The company had revenue of $782.60 million during the quarter, compared to analysts’ expectations of $819.41 million. Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the company earned $1.71 earnings per share. Equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.5 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, December 2nd. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 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.