Arizona State Retirement System Has $2.47 Million Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Arizona State Retirement System lifted its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,373 shares of the construction company’s stock after purchasing an additional 1,286 shares during the quarter. Arizona State Retirement System’s holdings in Advanced Drainage Systems were worth $2,471,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of WMS. Huntington National Bank raised its position in shares of Advanced Drainage Systems by 123.1% during the third quarter. Huntington National Bank now owns 386 shares of the construction company’s stock worth $61,000 after purchasing an additional 213 shares during the period. Millburn Ridgefield Corp grew its holdings in shares of Advanced Drainage Systems by 642.4% during the third quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company’s stock worth $77,000 after buying an additional 424 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Advanced Drainage Systems by 12.7% during the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after buying an additional 88 shares in the last quarter. Spire Wealth Management bought a new position in shares of Advanced Drainage Systems during the fourth quarter worth about $94,000. Finally, First Horizon Advisors Inc. grew its holdings in shares of Advanced Drainage Systems by 18.3% during the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock worth $102,000 after buying an additional 137 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on WMS. Barclays decreased their price objective on Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Oppenheimer decreased their price objective on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Robert W. Baird decreased their price objective on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a report on Monday, November 11th. KeyCorp decreased their price objective on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Finally, Loop Capital decreased their price objective on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.25.

Advanced Drainage Systems Stock Down 0.7 %

WMS stock opened at $114.04 on Tuesday. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. The business has a 50 day moving average price of $118.99 and a two-hundred day moving average price of $134.20. The company has a market cap of $8.85 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 1.13 and a beta of 1.61. Advanced Drainage Systems, Inc. has a twelve month low of $101.90 and a twelve month high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. Analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.56%. Advanced Drainage Systems’s payout ratio is 10.70%.

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.