Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 5.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 17,801 shares of the construction company’s stock after purchasing an additional 980 shares during the period. LPL Financial LLC’s holdings in Advanced Drainage Systems were worth $2,058,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. UMB Bank n.a. boosted its position in shares of Advanced Drainage Systems by 12.7% during the fourth 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 position in Advanced Drainage Systems during the 4th quarter worth about $94,000. First Horizon Advisors Inc. boosted its holdings in Advanced Drainage Systems by 18.3% during the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock valued at $102,000 after acquiring an additional 137 shares during the period. Blue Trust Inc. grew its position in 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 acquiring an additional 108 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in Advanced Drainage Systems during the fourth quarter worth about $230,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Up 0.3 %

Shares of NYSE WMS opened at $105.93 on Tuesday. The business has a 50-day moving average of $112.08 and a two-hundred day moving average of $125.99. The company has a market capitalization of $8.22 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48. Advanced Drainage Systems, Inc. has a 1 year low of $93.92 and a 1 year high of $184.27. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. On average, analysts forecast 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 declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.64 annualized dividend and a yield of 0.60%. Advanced Drainage Systems’s dividend payout ratio is currently 10.70%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WMS. UBS Group raised shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research note on Wednesday, January 8th. Stephens reissued an “equal weight” rating and issued a $135.00 price target on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Loop Capital cut their price objective on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Barclays decreased their target price on Advanced Drainage Systems from $149.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Advanced Drainage Systems in a research note on Tuesday, April 1st. They set a “buy” rating and a $134.00 target price for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.