Rik Saylor Financial Inc. Makes New Investment in Advanced Drainage Systems, Inc. (NYSE:WMS)

Rik Saylor Financial Inc. acquired a new position in Advanced Drainage Systems, Inc. (NYSE:WMS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 25,469 shares of the construction company’s stock, valued at approximately $2,944,000. Advanced Drainage Systems makes up about 2.7% of Rik Saylor Financial Inc.’s investment portfolio, making the stock its 9th largest holding.

A number of other institutional investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc boosted its stake 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 valued at $357,000 after acquiring an additional 79 shares during the last quarter. CWM LLC lifted its stake in shares of Advanced Drainage Systems by 18.1% during the 3rd quarter. CWM LLC now owns 555 shares of the construction company’s stock valued at $87,000 after buying an additional 85 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Advanced Drainage Systems by 12.7% during the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock valued at $90,000 after buying an additional 88 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Advanced Drainage Systems by 12.0% during the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock valued at $116,000 after buying an additional 108 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its stake in shares of Advanced Drainage Systems by 4.8% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company’s stock valued at $379,000 after buying an additional 111 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

Advanced Drainage Systems Price Performance

Shares of NYSE:WMS opened at $116.67 on Thursday. The company’s fifty day moving average price is $121.95 and its 200-day moving average price is $140.87. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 1.16 and a beta of 1.52. Advanced Drainage Systems, Inc. has a one year low of $110.75 and a one year high of $184.27. 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 issued its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. On average, equities research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.12 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.55%. Advanced Drainage Systems’s dividend payout ratio is currently 10.19%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. KeyCorp dropped their price target on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Robert W. Baird decreased 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 report on Monday, November 11th. Oppenheimer decreased their target price on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. Stephens reaffirmed an “equal weight” rating and set a $135.00 target price (down previously from $170.00) on shares of Advanced Drainage Systems in a report on Wednesday, November 13th. Finally, Barclays decreased their target price on shares of Advanced Drainage Systems from $172.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $166.88.

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.