Jones Financial Companies Lllp Acquires 2,219 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Jones Financial Companies Lllp increased its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 26.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,557 shares of the construction company's stock after purchasing an additional 2,219 shares during the quarter. Jones Financial Companies Lllp's holdings in Advanced Drainage Systems were worth $1,220,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc lifted its holdings in shares of Advanced Drainage Systems by 3.6% in the third quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company's stock valued at $357,000 after buying an additional 79 shares during the period. UMB Bank n.a. lifted its holdings in Advanced Drainage Systems by 12.7% in the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock valued at $90,000 after acquiring an additional 88 shares during the last quarter. Blue Trust Inc. lifted its holdings in Advanced Drainage Systems by 12.0% in the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock valued at $116,000 after acquiring an additional 108 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of Advanced Drainage Systems by 4.8% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company's stock valued at $379,000 after purchasing an additional 111 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in shares of Advanced Drainage Systems by 8.8% in the 3rd quarter. QRG Capital Management Inc. now owns 1,638 shares of the construction company's stock worth $257,000 after purchasing an additional 132 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

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Advanced Drainage Systems Stock Performance

Shares of WMS traded down $3.82 during trading hours on Tuesday, reaching $109.84. 1,050,591 shares of the company traded hands, compared to its average volume of 651,921. Advanced Drainage Systems, Inc. has a 1-year low of $101.90 and a 1-year high of $184.27. The stock has a market cap of $8.52 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. The stock's fifty day moving average is $118.99 and its 200 day moving average is $134.20. 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 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 return on equity of 35.79% and a net margin of 15.90%. Equities research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors 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 0.58%. Advanced Drainage Systems's payout ratio is currently 10.70%.

Analysts Set New Price Targets

Several research firms have recently weighed in on WMS. Loop Capital reduced their price objective on 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. Oppenheimer dropped their price target on shares of 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. StockNews.com upgraded shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. KeyCorp reduced their price target on Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. Finally, Robert W. Baird lowered their target price on shares of 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. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average 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.