Townsquare Capital LLC Buys 2,455 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Townsquare Capital LLC lifted its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 47.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,668 shares of the construction company's stock after purchasing an additional 2,455 shares during the quarter. Townsquare Capital LLC's holdings in Advanced Drainage Systems were worth $886,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WMS. Vanguard Group Inc. grew its stake in Advanced Drainage Systems by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 7,332,268 shares of the construction company's stock worth $847,610,000 after buying an additional 52,799 shares in the last quarter. Impax Asset Management Group plc raised its position in Advanced Drainage Systems by 34.6% during the fourth quarter. Impax Asset Management Group plc now owns 2,530,000 shares of the construction company's stock valued at $291,723,000 after purchasing an additional 650,052 shares in the last quarter. American Century Companies Inc. lifted its stake in Advanced Drainage Systems by 1.2% during the fourth quarter. American Century Companies Inc. now owns 1,402,447 shares of the construction company's stock worth $162,123,000 after purchasing an additional 16,415 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Advanced Drainage Systems by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,192,746 shares of the construction company's stock valued at $137,924,000 after purchasing an additional 5,868 shares during the last quarter. Finally, Amundi raised its holdings in shares of Advanced Drainage Systems by 72.2% during the 4th quarter. Amundi now owns 854,764 shares of the construction company's stock worth $98,678,000 after buying an additional 358,271 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Stock Up 2.7 %

WMS traded up $2.88 during mid-day trading on Thursday, reaching $108.82. 48,452 shares of the stock were exchanged, compared to its average volume of 571,608. The company has a 50 day moving average price of $109.32 and a two-hundred day moving average price of $123.91. The stock has a market capitalization of $8.44 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48. 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, Inc. has a 1 year low of $93.92 and a 1 year high of $184.27.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 EPS 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%. As a group, research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.59%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems's dividend payout ratio is presently 10.70%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WMS. Stephens reissued an "equal weight" rating and set a $135.00 target price on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Loop Capital cut their target price on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Barclays lowered their price target on shares of Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. StockNews.com cut Advanced Drainage Systems from a "hold" rating to a "sell" rating in a report on Tuesday, April 1st. Finally, UBS Group upgraded Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price target on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $153.78.

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.