AA Financial Advisors LLC Takes Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

AA Financial Advisors LLC acquired a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 16,440 shares of the construction company's stock, valued at approximately $1,900,000.

A number of other large investors also recently added to or reduced their stakes in WMS. Huntington National Bank grew its position in shares of Advanced Drainage Systems by 123.1% during the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company's stock worth $61,000 after buying an additional 213 shares during the period. Millburn Ridgefield Corp grew its holdings in Advanced Drainage Systems by 642.4% during the third quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company's stock valued at $77,000 after purchasing an additional 424 shares during the period. CWM LLC increased its stake in Advanced Drainage Systems by 18.1% in the third quarter. CWM LLC now owns 555 shares of the construction company's stock valued at $87,000 after purchasing an additional 85 shares in the last quarter. UMB Bank n.a. raised its holdings in Advanced Drainage Systems by 12.7% in the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock worth $90,000 after purchasing an additional 88 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Advanced Drainage Systems by 12.0% during the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock worth $116,000 after purchasing an additional 108 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Down 1.3 %

Shares of NYSE:WMS traded down $1.51 during midday trading on Tuesday, reaching $117.55. The company had a trading volume of 654,991 shares, compared to its average volume of 549,701. Advanced Drainage Systems, Inc. has a 1-year low of $110.75 and a 1-year high of $184.27. The stock has a market cap of $9.11 billion, a PE ratio of 18.72, a P/E/G ratio of 1.16 and a beta of 1.52. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.97. The business's 50 day moving average price is $122.56 and its 200 day moving average price is $141.38.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.23). Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The firm had revenue of $782.60 million during the quarter, compared to the consensus estimate of $819.41 million. During the same period in the prior year, the business posted $1.71 earnings per share. Advanced Drainage Systems's quarterly revenue was up .3% compared to the same quarter last year. Research analysts forecast that Advanced Drainage Systems, Inc. will post 6.12 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Monday, December 2nd. Advanced Drainage Systems's payout ratio is currently 10.19%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Stephens restated an "equal weight" rating and issued a $135.00 price objective (down previously from $170.00) on shares of Advanced Drainage Systems in a research report on Wednesday, November 13th. UBS Group raised shares of Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price target on the stock in a research note on Wednesday, January 8th. Oppenheimer lowered their target price on Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating for the company in a report on Monday, November 11th. Loop Capital cut their price target on Advanced Drainage Systems from $180.00 to $170.00 and set a "buy" rating on the stock in a report on Monday, November 11th. Finally, Robert W. Baird reduced their price objective on 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. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $166.88.

About Advanced Drainage Systems

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.