Focus Financial Network Inc. Sells 99 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Focus Financial Network Inc. trimmed its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 3.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,914 shares of the construction company’s stock after selling 99 shares during the quarter. Focus Financial Network Inc.’s holdings in Advanced Drainage Systems were worth $337,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in WMS. State Street Corp boosted its holdings in shares of Advanced Drainage Systems by 8.8% in the third quarter. State Street Corp now owns 2,541,688 shares of the construction company’s stock worth $399,452,000 after acquiring an additional 206,105 shares during the period. Fernbridge Capital Management LP boosted its holdings in shares of Advanced Drainage Systems by 108.2% in the third quarter. Fernbridge Capital Management LP now owns 253,549 shares of the construction company’s stock worth $39,848,000 after acquiring an additional 131,781 shares during the period. KBC Group NV boosted its holdings in shares of Advanced Drainage Systems by 21.2% in the fourth quarter. KBC Group NV now owns 738,749 shares of the construction company’s stock worth $85,399,000 after acquiring an additional 129,252 shares during the period. abrdn plc boosted its holdings in shares of Advanced Drainage Systems by 28.5% in the third quarter. abrdn plc now owns 579,485 shares of the construction company’s stock worth $91,683,000 after acquiring an additional 128,539 shares during the period. Finally, Swedbank AB boosted its holdings in shares of Advanced Drainage Systems by 5.8% in the third quarter. Swedbank AB now owns 1,384,276 shares of the construction company’s stock worth $217,553,000 after acquiring an additional 75,455 shares during the period. 89.83% of the stock is owned by institutional investors.

Advanced Drainage Systems Stock Performance

Shares of WMS opened at $125.99 on Friday. The company has a quick ratio of 2.15, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. The business’s 50 day moving average price is $120.80 and its 200-day moving average price is $139.14. Advanced Drainage Systems, Inc. has a 52 week low of $110.75 and a 52 week high of $184.27. The stock has a market cap of $9.77 billion, a P/E ratio of 21.07, a P/E/G ratio of 1.13 and a beta of 1.52.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. 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 business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 0.51%. Advanced Drainage Systems’s dividend payout ratio is presently 10.70%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on WMS shares. Stephens reissued an “equal weight” rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Barclays dropped their price objective on Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. KeyCorp dropped their price objective on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. UBS Group raised Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research note on Wednesday, January 8th. Finally, Loop Capital dropped their price objective on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $164.25.

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.