Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Bought by UMB Bank n.a.

UMB Bank n.a. lifted its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 100.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,565 shares of the construction company’s stock after purchasing an additional 784 shares during the period. UMB Bank n.a.’s holdings in Advanced Drainage Systems were worth $170,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of WMS. NBC Securities Inc. purchased a new position in shares of Advanced Drainage Systems in the first quarter worth approximately $26,000. Mascagni Wealth Management Inc. purchased a new stake in shares of Advanced Drainage Systems in the fourth quarter valued at $74,000. 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 valued at $102,000 after buying an additional 137 shares in the last quarter. Headlands Technologies LLC raised its position in Advanced Drainage Systems by 1,298.6% during the fourth quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company’s stock valued at $118,000 after buying an additional 948 shares during the period. Finally, State of Wyoming lifted its stake in Advanced Drainage Systems by 574.6% in the 4th quarter. State of Wyoming now owns 1,302 shares of the construction company’s stock worth $151,000 after acquiring an additional 1,109 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Down 1.0%

WMS stock opened at $116.99 on Thursday. The firm has a market cap of $9.08 billion, a PE ratio of 19.56, a PEG ratio of 1.13 and a beta of 1.25. Advanced Drainage Systems, Inc. has a 1 year low of $93.92 and a 1 year high of $179.57. The company has a fifty day simple moving average of $111.21 and a 200 day simple moving average of $116.11. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Thursday, May 15th. The construction company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.06). The company had revenue of $615.76 million during the quarter, compared to analyst estimates of $653.22 million. Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. Advanced Drainage Systems’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.23 EPS. Sell-side analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.62%. The ex-dividend date is Friday, May 30th. This is an increase from Advanced Drainage Systems’s previous quarterly dividend of $0.16. Advanced Drainage Systems’s dividend payout ratio (DPR) is 12.50%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft began coverage on Advanced Drainage Systems in a research note on Tuesday, April 1st. They set a “buy” rating and a $134.00 target price on the stock. KeyCorp dropped their price objective on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Barclays lifted their target price on shares of Advanced Drainage Systems from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, May 16th. Wall Street Zen cut shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Finally, Loop Capital cut their price objective on Advanced Drainage Systems from $143.00 to $133.00 and set a “buy” rating for the company in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Advanced Drainage Systems has an average rating of “Moderate Buy” and an average price target of $139.88.

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.