Proficio Capital Partners LLC Buys New Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Proficio Capital Partners LLC bought a new position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 17,135 shares of the construction company's stock, valued at approximately $1,981,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp lifted its position in Advanced Drainage Systems by 8.8% during the 3rd quarter. State Street Corp now owns 2,541,688 shares of the construction company's stock valued at $399,452,000 after acquiring an additional 206,105 shares during the period. Impax Asset Management Group plc lifted its position in Advanced Drainage Systems by 34.6% during the 4th quarter. Impax Asset Management Group plc now owns 2,530,000 shares of the construction company's stock valued at $291,723,000 after acquiring an additional 650,052 shares during the period. Swedbank AB lifted its position in Advanced Drainage Systems by 5.8% during the 3rd quarter. Swedbank AB now owns 1,384,276 shares of the construction company's stock valued at $217,553,000 after acquiring an additional 75,455 shares during the period. Geode Capital Management LLC lifted its position in Advanced Drainage Systems by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,186,878 shares of the construction company's stock valued at $186,578,000 after acquiring an additional 59,158 shares during the period. Finally, KBC Group NV lifted its position in Advanced Drainage Systems by 21.2% during the 4th quarter. KBC Group NV now owns 738,749 shares of the construction company's stock valued at $85,399,000 after acquiring an additional 129,252 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Robert W. Baird lowered their price target on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating for the company in a research report on Monday, November 11th. Barclays reduced their price objective on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating for the company in a research note on Friday, February 7th. Oppenheimer reduced their price objective on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating for the company in a research note on Monday, November 11th. Loop Capital reduced their price objective on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Finally, StockNews.com upgraded shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $164.25.

Advanced Drainage Systems Stock Performance

Shares of WMS stock traded up $1.54 during trading hours on Friday, reaching $114.96. The company had a trading volume of 633,913 shares, compared to its average volume of 534,035. The business has a fifty day moving average price of $119.00 and a 200-day moving average price of $134.66. Advanced Drainage Systems, Inc. has a one year low of $101.90 and a one year high of $184.27. The firm has a market cap of $8.92 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. 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 (NYSE:WMS - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing analysts' consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. 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 declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.56%. Advanced Drainage Systems's dividend payout ratio is presently 10.70%.

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.