ArrowMark Colorado Holdings LLC Acquires 39,000 Shares of Advanced Drainage Systems, Inc. $WMS

ArrowMark Colorado Holdings LLC grew its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 144.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,000 shares of the construction company’s stock after buying an additional 39,000 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 0.08% of Advanced Drainage Systems worth $9,154,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WMS. ProShare Advisors LLC boosted its stake in Advanced Drainage Systems by 4.2% during the 2nd quarter. ProShare Advisors LLC now owns 3,132 shares of the construction company’s stock valued at $360,000 after purchasing an additional 125 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its position in Advanced Drainage Systems by 6.0% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 26,854 shares of the construction company’s stock worth $3,084,000 after purchasing an additional 1,530 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Advanced Drainage Systems by 7.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,140 shares of the construction company’s stock valued at $2,084,000 after acquiring an additional 1,265 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Advanced Drainage Systems by 12.6% during the second quarter. Cetera Investment Advisers now owns 17,274 shares of the construction company’s stock valued at $1,984,000 after purchasing an additional 1,929 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its stake in Advanced Drainage Systems by 38.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 251,483 shares of the construction company’s stock valued at $28,885,000 after buying an additional 70,048 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on WMS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Wednesday, January 21st. KeyCorp increased their price objective on Advanced Drainage Systems from $180.00 to $198.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. UBS Group set a $215.00 price target on shares of Advanced Drainage Systems and gave the stock a “buy” rating in a research report on Friday, February 6th. Robert W. Baird set a $205.00 price objective on Advanced Drainage Systems in a report on Friday, February 6th. Finally, Barclays upped their price target on Advanced Drainage Systems from $187.00 to $198.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Advanced Drainage Systems currently has a consensus rating of “Moderate Buy” and an average price target of $186.00.

Advanced Drainage Systems Stock Down 1.3%

Shares of Advanced Drainage Systems stock opened at $137.24 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.08 and a current ratio of 4.12. Advanced Drainage Systems, Inc. has a 52-week low of $93.92 and a 52-week high of $179.32. The firm has a market cap of $10.69 billion, a PE ratio of 22.83, a P/E/G ratio of 1.62 and a beta of 1.27. The business’s 50 day simple moving average is $159.81 and its 200 day simple moving average is $149.84.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, February 5th. The construction company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.11 by $0.16. Advanced Drainage Systems had a net margin of 15.75% and a return on equity of 27.72%. The business had revenue of $693.35 million during the quarter, compared to analysts’ expectations of $686.37 million. During the same quarter in the prior year, the company posted $1.09 earnings per share. The firm’s revenue was up .4% on a year-over-year basis. On average, 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 will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.5%. Advanced Drainage Systems’s dividend payout ratio is currently 11.98%.

Advanced Drainage Systems Profile

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.