Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lessened its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,133 shares of the construction company’s stock after selling 246 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Advanced Drainage Systems were worth $362,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in WMS. UMB Bank n.a. raised its position in shares of Advanced Drainage Systems by 12.7% in the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after buying an additional 88 shares during the period. Spire Wealth Management acquired a new stake in Advanced Drainage Systems during the fourth quarter worth about $94,000. First Horizon Advisors Inc. raised its holdings in shares of Advanced Drainage Systems by 18.3% in the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock worth $102,000 after purchasing an additional 137 shares during the period. Blue Trust Inc. lifted its stake in shares of Advanced Drainage Systems by 12.0% in the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock valued at $116,000 after purchasing an additional 108 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in shares of Advanced Drainage Systems during the 4th quarter worth about $230,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

Advanced Drainage Systems Trading Up 1.8 %

NYSE:WMS opened at $105.31 on Friday. The stock has a market cap of $8.17 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48. Advanced Drainage Systems, Inc. has a one year low of $93.92 and a one year high of $184.27. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. The business’s 50-day simple moving average is $112.30 and its 200 day simple moving average is $126.58.

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

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio is currently 10.70%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. KeyCorp reduced their price target on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Advanced Drainage Systems in a report on Tuesday, April 1st. They set a “buy” rating and a $134.00 target price on the stock. UBS Group upgraded Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a report on Wednesday, January 8th. Barclays reduced their price objective on Advanced Drainage Systems from $149.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, StockNews.com lowered Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Advanced Drainage Systems has an average rating of “Moderate Buy” and a consensus price target of $153.78.

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.