Foresight Group Ltd Liability Partnership Acquires 731 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Foresight Group Ltd Liability Partnership lifted its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 12.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,731 shares of the construction company’s stock after acquiring an additional 731 shares during the quarter. Advanced Drainage Systems makes up 0.4% of Foresight Group Ltd Liability Partnership’s portfolio, making the stock its 21st biggest position. Foresight Group Ltd Liability Partnership’s holdings in Advanced Drainage Systems were worth $1,058,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMS. Goldman Sachs Group Inc. raised its holdings in shares of Advanced Drainage Systems by 101.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 144,221 shares of the construction company’s stock valued at $20,283,000 after acquiring an additional 72,481 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Advanced Drainage Systems by 29.4% during the first quarter. GAMMA Investing LLC now owns 273 shares of the construction company’s stock valued at $47,000 after acquiring an additional 62 shares in the last quarter. Park Avenue Securities LLC bought a new position in Advanced Drainage Systems in the first quarter worth $224,000. Ballentine Partners LLC bought a new position in Advanced Drainage Systems in the first quarter worth $254,000. Finally, Sunbelt Securities Inc. bought a new position in Advanced Drainage Systems in the first quarter worth $73,000. Institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

WMS has been the subject of a number of research reports. 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. Barclays cut their target price on Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Loop Capital cut their target price on 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. Robert W. Baird cut their target price on Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Finally, StockNews.com cut Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.14.

Advanced Drainage Systems Trading Down 1.5 %

Advanced Drainage Systems stock opened at $152.36 on Wednesday. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.89 and a quick ratio of 1.90. The business’s fifty day moving average is $152.49 and its 200 day moving average is $160.70. Advanced Drainage Systems, Inc. has a one year low of $102.32 and a one year high of $184.27.

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 the consensus estimate of $1.98 by $0.08. The business had revenue of $815.34 million for the quarter, compared to analysts’ expectations of $828.00 million. Advanced Drainage Systems had a return on equity of 43.60% and a net margin of 17.09%. On average, sell-side analysts predict that Advanced Drainage Systems, Inc. will post 6.95 EPS for the current year.

Advanced Drainage Systems Announces Dividend

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

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.