Lifestyle Asset Management Inc. Raises Stock Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Lifestyle Asset Management Inc. boosted its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 4.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,417 shares of the construction company’s stock after buying an additional 338 shares during the period. Lifestyle Asset Management Inc.’s holdings in Advanced Drainage Systems were worth $857,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of WMS. Envestnet Asset Management Inc. increased its stake in Advanced Drainage Systems by 1.4% in the second quarter. Envestnet Asset Management Inc. now owns 63,692 shares of the construction company’s stock worth $10,216,000 after purchasing an additional 851 shares during the period. AE Wealth Management LLC increased its stake in Advanced Drainage Systems by 20.6% in the second quarter. AE Wealth Management LLC now owns 2,303 shares of the construction company’s stock worth $369,000 after purchasing an additional 393 shares during the period. Bank of Montreal Can increased its stake in Advanced Drainage Systems by 524.8% in the second quarter. Bank of Montreal Can now owns 62,009 shares of the construction company’s stock worth $10,834,000 after purchasing an additional 52,084 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Advanced Drainage Systems during the 2nd quarter worth $21,657,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Advanced Drainage Systems during the 2nd quarter worth $275,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

WMS has been the topic of a number of recent research reports. Barclays dropped their price target on Advanced Drainage Systems from $172.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. 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. 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. UBS Group raised Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Wednesday, January 8th. Finally, Loop Capital dropped their price objective 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. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $166.88.

Advanced Drainage Systems Price Performance

Shares of NYSE WMS opened at $126.66 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.15 and a current ratio of 3.19. The company has a market cap of $9.82 billion, a PE ratio of 20.17, a P/E/G ratio of 1.20 and a beta of 1.51. The business has a 50-day simple moving average of $123.64 and a two-hundred day simple moving average of $143.66. Advanced Drainage Systems, Inc. has a fifty-two week low of $110.75 and a fifty-two week high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.23). The business had revenue of $782.60 million during the quarter, compared to analyst estimates of $819.41 million. Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. Advanced Drainage Systems’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.71 EPS. As a group, equities analysts expect that Advanced Drainage Systems, Inc. will post 6.12 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, December 2nd. Advanced Drainage Systems’s payout ratio 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.