Advanced Drainage Systems, Inc. (NYSE:WMS) Position Boosted by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,672 shares of the construction company’s stock after purchasing an additional 558 shares during the period. Public Employees Retirement System of Ohio’s holdings in Advanced Drainage Systems were worth $6,078,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. CIBC Asset Management Inc grew its position in Advanced Drainage Systems by 3.6% in the third quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company’s stock worth $357,000 after buying an additional 79 shares during the last quarter. CWM LLC grew its holdings 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 acquiring an additional 85 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Advanced Drainage Systems by 10.3% during the second 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 during the period. West Oak Capital LLC lifted its holdings 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 valued at $28,000 after purchasing an additional 100 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its holdings 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 valued at $379,000 after purchasing an additional 111 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WMS. Loop Capital cut their price objective on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, November 11th. KeyCorp reduced 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 research report on Monday, November 11th. Barclays lowered their price objective on shares of 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. Robert W. Baird cut their target price on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $135.00 target price (down previously from $170.00) on shares of Advanced Drainage Systems in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $170.29.

Advanced Drainage Systems Trading Down 1.1 %

NYSE:WMS opened at $126.68 on Friday. The company has a market capitalization of $9.82 billion, a P/E ratio of 20.17, a P/E/G ratio of 1.25 and a beta of 1.48. The stock’s 50 day moving average price is $142.14 and its 200 day moving average price is $153.22. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.15 and a current ratio of 3.19. Advanced Drainage Systems, Inc. has a 52 week low of $125.44 and a 52 week high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23). The business had revenue of $782.60 million for the quarter, compared to the consensus estimate of $819.41 million. Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.71 EPS. On average, research analysts forecast that Advanced Drainage Systems, Inc. will post 6.12 EPS 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. Investors of record on Monday, December 2nd will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Monday, December 2nd. Advanced Drainage Systems’s payout ratio is 10.19%.

Advanced Drainage Systems Company 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.