Amalgamated Bank Has $3.55 Million Stock Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Amalgamated Bank trimmed its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,710 shares of the construction company’s stock after selling 1,284 shares during the period. Amalgamated Bank’s holdings in Advanced Drainage Systems were worth $3,554,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. acquired a new stake in Advanced Drainage Systems in the first quarter valued at approximately $26,000. Bessemer Group Inc. boosted its holdings in Advanced Drainage Systems by 76.2% in the first quarter. Bessemer Group Inc. now owns 266 shares of the construction company’s stock worth $29,000 after purchasing an additional 115 shares in the last quarter. Mascagni Wealth Management Inc. acquired a new position in Advanced Drainage Systems during the fourth quarter worth $74,000. GAMMA Investing LLC lifted its position in shares of Advanced Drainage Systems by 167.1% in the first quarter. GAMMA Investing LLC now owns 812 shares of the construction company’s stock worth $88,000 after buying an additional 508 shares during the last quarter. Finally, Headlands Technologies LLC lifted its position in shares of Advanced Drainage Systems by 1,298.6% in the fourth quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company’s stock worth $118,000 after buying an additional 948 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on WMS. Loop Capital reduced their target price 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. Barclays raised 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 lowered shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Oppenheimer lowered their price target on Advanced Drainage Systems from $165.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, May 16th. Finally, UBS Group cut their price objective on Advanced Drainage Systems from $155.00 to $146.00 and set a “buy” rating for the company in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Drainage Systems has a consensus rating of “Moderate Buy” and an average price target of $139.88.

Advanced Drainage Systems Stock Up 0.0%

WMS stock opened at $118.80 on Friday. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $179.57. The company has a quick ratio of 2.10, a current ratio of 3.33 and a debt-to-equity ratio of 0.90. The company has a market cap of $9.22 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 1.72 and a beta of 1.24. The business’s 50-day simple moving average is $114.97 and its 200 day simple moving average is $114.45.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, May 15th. The construction company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.06). The firm had revenue of $615.76 million during the quarter, compared to the consensus estimate of $653.22 million. Advanced Drainage Systems had a return on equity of 32.33% and a net margin of 15.50%. Advanced Drainage Systems’s revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.23 EPS. On average, research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.61%. The ex-dividend date was Friday, May 30th. This is a positive change from Advanced Drainage Systems’s previous quarterly dividend of $0.16. Advanced Drainage Systems’s payout ratio is 12.50%.

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.