Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Sebold Capital Management Inc.

Sebold Capital Management Inc. cut its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 12.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,400 shares of the construction company’s stock after selling 200 shares during the period. Sebold Capital Management Inc.’s holdings in Advanced Drainage Systems were worth $220,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in shares of Advanced Drainage Systems by 29.4% in the 1st quarter. GAMMA Investing LLC now owns 273 shares of the construction company’s stock valued at $47,000 after buying an additional 62 shares during the period. ORG Partners LLC lifted its stake in Advanced Drainage Systems by 15.6% in the first quarter. ORG Partners LLC now owns 490 shares of the construction company’s stock worth $83,000 after acquiring an additional 66 shares during the last quarter. CWM LLC grew its holdings in Advanced Drainage Systems by 18.1% during the 3rd quarter. CWM LLC now owns 555 shares of the construction company’s stock worth $87,000 after acquiring an additional 85 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Advanced Drainage Systems by 10.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the construction company’s stock worth $164,000 after acquiring an additional 95 shares in the last quarter. Finally, West Oak Capital LLC increased 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 valued at $28,000 after purchasing an additional 100 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays decreased their price objective on shares of Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. StockNews.com cut Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Oppenheimer reiterated an “outperform” rating and issued a $192.00 price objective on shares of Advanced Drainage Systems in a report on Thursday, August 15th. Robert W. Baird decreased their target price on Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Finally, Loop Capital dropped their price target on shares of Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. One research analyst has 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 has an average rating of “Moderate Buy” and an average price target of $190.14.

Advanced Drainage Systems Stock Down 1.5 %

Shares of NYSE WMS opened at $152.36 on Wednesday. The stock has a market cap of $11.81 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 1.33 and a beta of 1.53. Advanced Drainage Systems, Inc. has a 52-week low of $102.32 and a 52-week high of $184.27. The business has a 50-day moving average price of $152.37 and a 200 day moving average price of $160.83. The company has a quick ratio of 1.90, a current ratio of 2.89 and a debt-to-equity ratio of 1.04.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, August 8th. The construction company reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.08. Advanced Drainage Systems had a net margin of 17.09% and a return on equity of 43.60%. The business had revenue of $815.34 million for the quarter, compared to analyst estimates of $828.00 million. Equities research analysts forecast that Advanced Drainage Systems, Inc. will post 6.95 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.42%. Advanced Drainage Systems’s payout ratio is 9.94%.

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.