Advantage Alpha Capital Partners LP Purchases Shares of 54,341 Advanced Drainage Systems, Inc. (NYSE:WMS)

Advantage Alpha Capital Partners LP bought a new position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 54,341 shares of the construction company's stock, valued at approximately $8,540,000. Advanced Drainage Systems comprises approximately 1.9% of Advantage Alpha Capital Partners LP's portfolio, making the stock its 3rd biggest position. Advantage Alpha Capital Partners LP owned about 0.07% of Advanced Drainage Systems as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in shares of Advanced Drainage Systems by 16.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 139,677 shares of the construction company's stock valued at $24,059,000 after buying an additional 19,626 shares during the period. Castleark Management LLC purchased a new stake in Advanced Drainage Systems in the first quarter valued at $580,000. Swedbank AB lifted its stake in shares of Advanced Drainage Systems by 5.8% in the 3rd quarter. Swedbank AB now owns 1,384,276 shares of the construction company's stock valued at $217,553,000 after purchasing an additional 75,455 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of Advanced Drainage Systems by 117.5% during the 1st quarter. Lazard Asset Management LLC now owns 12,032 shares of the construction company's stock worth $2,071,000 after purchasing an additional 6,500 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Advanced Drainage Systems by 800.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 18,353 shares of the construction company's stock worth $2,944,000 after purchasing an additional 16,315 shares during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on WMS shares. Barclays decreased their target price on shares of Advanced Drainage Systems from $194.00 to $172.00 and set an "overweight" rating on the stock in a research report on Monday, November 11th. KeyCorp decreased their price objective on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating on the stock in a report on Monday, November 11th. Loop Capital dropped their target price on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a "buy" rating for the company in a report on Monday, November 11th. Oppenheimer decreased their price target on Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating on the stock in a research note on Monday, November 11th. Finally, Robert W. Baird dropped their price objective on Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating for the company in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $170.29.

Advanced Drainage Systems Stock Down 2.0 %

Shares of WMS traded down $2.72 during midday trading on Tuesday, hitting $131.65. The company had a trading volume of 393,876 shares, compared to its average volume of 507,206. Advanced Drainage Systems, Inc. has a 1 year low of $117.97 and a 1 year high of $184.27. The firm has a market capitalization of $10.21 billion, a P/E ratio of 20.96, a P/E/G ratio of 1.19 and a beta of 1.53. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.15 and a current ratio of 3.19. The company's 50-day simple moving average is $148.67 and its 200-day simple moving average is $157.21.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.23). Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. The firm had revenue of $782.60 million for the quarter, compared to analyst estimates of $819.41 million. During the same quarter last year, the firm earned $1.71 EPS. The company's revenue was up .3% on a year-over-year basis. As a group, sell-side analysts expect that Advanced Drainage Systems, Inc. will post 6.5 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Monday, December 2nd. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 10.19%.

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.