Advanced Drainage Systems, Inc. $WMS Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. reduced its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 92.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 461 shares of the construction company’s stock after selling 5,881 shares during the period. Hantz Financial Services Inc.’s holdings in Advanced Drainage Systems were worth $53,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Parallel Advisors LLC raised its stake in shares of Advanced Drainage Systems by 177.4% in the second quarter. Parallel Advisors LLC now owns 430 shares of the construction company’s stock valued at $49,000 after acquiring an additional 275 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Advanced Drainage Systems during the 1st quarter worth about $66,000. Signaturefd LLC lifted its holdings in Advanced Drainage Systems by 110.7% during the 1st quarter. Signaturefd LLC now owns 670 shares of the construction company’s stock worth $73,000 after buying an additional 352 shares during the last quarter. Covestor Ltd lifted its holdings in Advanced Drainage Systems by 169.8% during the 1st quarter. Covestor Ltd now owns 955 shares of the construction company’s stock worth $104,000 after buying an additional 601 shares during the last quarter. Finally, Twin Tree Management LP lifted its holdings in Advanced Drainage Systems by 644.1% during the 1st quarter. Twin Tree Management LP now owns 1,079 shares of the construction company’s stock worth $117,000 after buying an additional 934 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on WMS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Wednesday, October 8th. Oppenheimer reaffirmed an “outperform” rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Wall Street Zen raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. UBS Group reaffirmed a “buy” rating and set a $167.00 price target (up from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. Finally, KeyCorp raised their price objective on Advanced Drainage Systems from $140.00 to $159.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $152.56.

Advanced Drainage Systems Price Performance

Shares of WMS opened at $134.89 on Thursday. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $166.03. The stock’s 50 day moving average is $141.23 and its two-hundred day moving average is $126.77. The firm has a market capitalization of $10.49 billion, a PE ratio of 24.35, a P/E/G ratio of 1.88 and a beta of 1.32. The company has a current ratio of 3.22, a quick ratio of 2.25 and a debt-to-equity ratio of 0.82.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.17. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The company had revenue of $829.88 million for the quarter, compared to analyst estimates of $800.54 million. During the same quarter in the previous year, the company earned $2.06 EPS. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. Research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

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.