Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 1.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 58,233 shares of the construction company’s stock after selling 713 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.08% of Advanced Drainage Systems worth $9,152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fifth Third Wealth Advisors LLC boosted its stake in shares of Advanced Drainage Systems by 4.8% in the third quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company’s stock valued at $379,000 after purchasing an additional 111 shares during the period. Mawer Investment Management Ltd. boosted its position in Advanced Drainage Systems by 43.0% in the 3rd quarter. Mawer Investment Management Ltd. now owns 67,007 shares of the construction company’s stock valued at $10,531,000 after buying an additional 20,149 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of Advanced Drainage Systems by 2.6% during the third quarter. Natixis Advisors LLC now owns 21,711 shares of the construction company’s stock valued at $3,412,000 after acquiring an additional 550 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Advanced Drainage Systems by 3.6% during the third quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company’s stock worth $357,000 after acquiring an additional 79 shares during the last quarter. Finally, Huntington National Bank lifted its stake in shares of Advanced Drainage Systems by 123.1% in the third quarter. Huntington National Bank now owns 386 shares of the construction company’s stock worth $61,000 after acquiring an additional 213 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Trading Up 0.0 %

Advanced Drainage Systems stock opened at $128.41 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. Advanced Drainage Systems, Inc. has a 1 year low of $117.97 and a 1 year high of $184.27. The firm’s 50-day moving average is $149.26 and its 200-day moving average is $157.89. The company has a market cap of $9.95 billion, a P/E ratio of 20.45, a PEG ratio of 1.17 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23). The company had revenue of $782.60 million during the quarter, compared to analyst estimates of $819.41 million. Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The business’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.71 earnings per share. On average, equities analysts expect that Advanced Drainage Systems, Inc. will post 6.5 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.16 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 0.50%. Advanced Drainage Systems’s payout ratio is currently 10.19%.

Analyst Ratings Changes

WMS has been the topic of several analyst reports. KeyCorp dropped their price objective on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Oppenheimer dropped their price target on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. Barclays reduced their price objective on shares of Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Stephens reissued an “equal weight” rating and issued a $135.00 target price (down previously from $170.00) on shares of Advanced Drainage Systems in a research report on Wednesday, November 13th. Finally, Loop Capital reduced their price target on shares of 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 equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $170.29.

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.