Hantz Financial Services Inc. Has $737,000 Stock Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Hantz Financial Services Inc. reduced its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,374 shares of the construction company’s stock after selling 111 shares during the quarter. Hantz Financial Services Inc.’s holdings in Advanced Drainage Systems were worth $737,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its position in shares of Advanced Drainage Systems by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 10,517 shares of the construction company’s stock worth $1,216,000 after purchasing an additional 208 shares during the period. KBC Group NV raised its stake in Advanced Drainage Systems by 21.2% during the fourth quarter. KBC Group NV now owns 738,749 shares of the construction company’s stock worth $85,399,000 after buying an additional 129,252 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Advanced Drainage Systems in the fourth quarter valued at $5,055,000. Blue Trust Inc. boosted its position in Advanced Drainage Systems by 12.0% during the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock valued at $116,000 after acquiring an additional 108 shares during the last quarter. Finally, Lifestyle Asset Management Inc. grew its holdings in Advanced Drainage Systems by 4.8% during the 4th quarter. Lifestyle Asset Management Inc. now owns 7,417 shares of the construction company’s stock worth $857,000 after acquiring an additional 338 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Down 3.0 %

Advanced Drainage Systems stock opened at $120.78 on Friday. The firm has a market capitalization of $9.36 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 1.19 and a beta of 1.51. The firm’s fifty day moving average price is $122.87 and its two-hundred day moving average price is $142.19. Advanced Drainage Systems, Inc. has a 1-year low of $110.75 and a 1-year high of $184.27. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.97.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.23). The business had revenue of $782.60 million during the quarter, compared to the consensus estimate of $819.41 million. Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. Advanced Drainage Systems’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.71 EPS. On average, equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.12 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Monday, December 2nd. Advanced Drainage Systems’s payout ratio is currently 10.19%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WMS. Robert W. Baird dropped their price objective on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Barclays cut their price target on Advanced Drainage Systems from $172.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. KeyCorp lowered their price objective on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Loop Capital cut their target price on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Finally, Oppenheimer decreased 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. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $166.88.

Advanced Drainage Systems 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.