Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Mariner LLC

Mariner LLC lowered its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,162 shares of the construction company’s stock after selling 126 shares during the quarter. Mariner LLC’s holdings in Advanced Drainage Systems were worth $366,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Barclays PLC boosted its position in Advanced Drainage Systems by 32.2% during the 4th quarter. Barclays PLC now owns 60,383 shares of the construction company’s stock worth $6,980,000 after acquiring an additional 14,715 shares during the period. Townsquare Capital LLC grew its position in Advanced Drainage Systems by 47.1% in the 4th quarter. Townsquare Capital LLC now owns 7,668 shares of the construction company’s stock valued at $886,000 after buying an additional 2,455 shares in the last quarter. Distillate Capital Partners LLC increased its stake in Advanced Drainage Systems by 29.7% during the 4th quarter. Distillate Capital Partners LLC now owns 130,473 shares of the construction company’s stock valued at $15,083,000 after buying an additional 29,900 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of Advanced Drainage Systems by 6.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 76,642 shares of the construction company’s stock worth $8,860,000 after acquiring an additional 4,802 shares during the period. Finally, Sterling Capital Management LLC boosted its holdings in shares of Advanced Drainage Systems by 42.8% in the fourth quarter. Sterling Capital Management LLC now owns 3,030 shares of the construction company’s stock valued at $350,000 after acquiring an additional 908 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WMS. UBS Group upgraded Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a research report on Wednesday, January 8th. StockNews.com cut Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, April 1st. Barclays dropped their price target on shares of Advanced Drainage Systems from $149.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. KeyCorp reduced their price objective on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Finally, Stephens reiterated an “equal weight” rating and issued a $135.00 target price on shares of Advanced Drainage Systems in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $153.78.

Advanced Drainage Systems Trading Up 2.3 %

NYSE WMS opened at $116.20 on Friday. The firm’s 50 day moving average price is $108.43 and its two-hundred day moving average price is $121.72. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $184.27. The stock has a market cap of $9.01 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.13 and a beta of 1.48.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share 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%. Equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current 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 issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio is currently 10.70%.

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.