Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Purchased by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP grew its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 14.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 62,237 shares of the construction company's stock after acquiring an additional 7,896 shares during the period. Advanced Drainage Systems comprises approximately 1.7% of Advantage Alpha Capital Partners LP's investment portfolio, making the stock its 8th biggest position. Advantage Alpha Capital Partners LP owned approximately 0.08% of Advanced Drainage Systems worth $7,195,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of WMS. UMB Bank n.a. grew its stake 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 period. Blue Trust Inc. grew its position in shares of Advanced Drainage Systems by 12.0% in the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock valued at $116,000 after purchasing an additional 108 shares during the period. CIBC Asset Management Inc increased its stake in shares of Advanced Drainage Systems by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,390 shares of the construction company's stock worth $276,000 after purchasing an additional 119 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Advanced Drainage Systems by 7.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,812 shares of the construction company's stock worth $231,000 after purchasing an additional 125 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in Advanced Drainage Systems by 18.3% in the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock worth $102,000 after buying an additional 137 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of equities analysts have commented on WMS shares. StockNews.com raised Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Wednesday, March 5th. Stephens reissued an "equal weight" rating and issued a $135.00 price objective on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Loop Capital lowered 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 note on Friday, February 7th. UBS Group upgraded 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. Finally, Barclays lowered their price target on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating on the stock in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $164.25.

Advanced Drainage Systems Trading Up 0.1 %

Advanced Drainage Systems stock traded up $0.06 during trading on Tuesday, hitting $111.15. The company had a trading volume of 381,133 shares, compared to its average volume of 542,140. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. The company's 50 day simple moving average is $117.76 and its 200-day simple moving average is $130.82. 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 $8.62 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61.

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

Advanced Drainage Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.64 annualized dividend and a yield of 0.58%. Advanced Drainage Systems's dividend payout ratio (DPR) is 10.70%.

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.