Thematics Asset Management Purchases 4,000 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Thematics Asset Management grew its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 4.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 93,500 shares of the construction company’s stock after purchasing an additional 4,000 shares during the quarter. Thematics Asset Management owned about 0.12% of Advanced Drainage Systems worth $14,694,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. O Shaughnessy Asset Management LLC raised its stake in Advanced Drainage Systems by 16.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,610 shares of the construction company’s stock valued at $450,000 after purchasing an additional 361 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Advanced Drainage Systems by 117.5% in the first quarter. Lazard Asset Management LLC now owns 12,032 shares of the construction company’s stock valued at $2,071,000 after buying an additional 6,500 shares during the period. Price T Rowe Associates Inc. MD grew its position in Advanced Drainage Systems by 16.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 139,677 shares of the construction company’s stock worth $24,059,000 after buying an additional 19,626 shares in the last quarter. Bayesian Capital Management LP bought a new position in Advanced Drainage Systems during the first quarter valued at about $861,000. Finally, Tidal Investments LLC lifted its position in shares of Advanced Drainage Systems by 122.4% in the 1st quarter. Tidal Investments LLC now owns 12,572 shares of the construction company’s stock worth $2,165,000 after acquiring an additional 6,919 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Trading Down 2.4 %

NYSE WMS traded down $3.23 during trading hours on Tuesday, hitting $131.14. The company’s stock had a trading volume of 43,473 shares, compared to its average volume of 505,646. Advanced Drainage Systems, Inc. has a twelve month low of $117.97 and a twelve month high of $184.27. The firm has a market capitalization of $10.17 billion, a P/E ratio of 21.40, a PEG ratio of 1.19 and a beta of 1.53. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.97. The stock has a fifty day moving average of $148.67 and a 200 day moving average of $157.21.

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

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.49%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 10.19%.

Analyst Ratings Changes

WMS has been the topic of several analyst reports. KeyCorp lowered their price objective on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Robert W. Baird dropped their price objective on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Oppenheimer decreased their price target on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Barclays cut their price objective on Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Finally, Loop Capital lowered their target price on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.