Absher Wealth Management LLC Makes New Investment in Advanced Drainage Systems, Inc. (NYSE:WMS)

Absher Wealth Management LLC bought a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,352 shares of the construction company's stock, valued at approximately $1,659,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Stratos Wealth Partners LTD. boosted its holdings in shares of Advanced Drainage Systems by 5.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 4,584 shares of the construction company's stock valued at $530,000 after acquiring an additional 239 shares in the last quarter. Spire Wealth Management bought a new stake in shares of Advanced Drainage Systems during the fourth quarter worth about $94,000. AA Financial Advisors LLC acquired a new position in shares of Advanced Drainage Systems in the fourth quarter valued at approximately $1,900,000. Pacer Advisors Inc. raised its holdings in Advanced Drainage Systems by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 10,517 shares of the construction company's stock valued at $1,216,000 after buying an additional 208 shares during the last quarter. Finally, KBC Group NV boosted 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 worth $85,399,000 after buying an additional 129,252 shares during the period. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Trading Up 2.3 %

Shares of Advanced Drainage Systems stock traded up $2.73 on Friday, reaching $120.41. 890,142 shares of the company's stock were exchanged, compared to its average volume of 625,674. The firm's 50-day moving average is $121.34 and its two-hundred day moving average is $140.13. The company has a market capitalization of $9.33 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 1.13 and a beta of 1.52. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.15 and a current ratio of 3.21. Advanced Drainage Systems, Inc. has a 52 week low of $110.75 and a 52 week high of $184.27.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. Sell-side analysts predict that Advanced Drainage Systems, Inc. will post 6.12 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.16 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 0.53%. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 10.70%.

Wall Street Analyst Weigh In

WMS has been the subject of several analyst reports. Barclays dropped their price target 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. Oppenheimer cut their target price on Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating on the stock in a report on Monday, November 11th. Loop Capital decreased their price target on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday. Robert W. Baird cut their price objective on Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating on the stock in a research note on Monday, November 11th. Finally, UBS Group raised shares of Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 target price for the company in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $164.25.

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.