American Century Companies Inc. Purchases 16,415 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

American Century Companies Inc. raised its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,402,447 shares of the construction company's stock after buying an additional 16,415 shares during the quarter. American Century Companies Inc. owned 1.81% of Advanced Drainage Systems worth $162,123,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Millburn Ridgefield Corp boosted its stake in Advanced Drainage Systems by 642.4% during the third quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company's stock worth $77,000 after acquiring an additional 424 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Advanced Drainage Systems by 12.7% during the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock valued at $90,000 after purchasing an additional 88 shares during the period. Spire Wealth Management bought a new position in shares of Advanced Drainage Systems during the 4th quarter worth about $94,000. First Horizon Advisors Inc. increased its position 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 valued at $102,000 after buying an additional 137 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Advanced Drainage Systems by 12.0% during the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock worth $116,000 after buying an additional 108 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Remove Ads

Advanced Drainage Systems Stock Performance

Shares of Advanced Drainage Systems stock traded up $0.06 during mid-day trading on Tuesday, hitting $111.15. 269,458 shares of the stock were exchanged, compared to its average volume of 541,088. Advanced Drainage Systems, Inc. has a 12 month low of $101.90 and a 12 month high of $184.27. The company has a 50-day simple moving average of $117.92 and a 200 day simple moving average of $131.03. The company has a market capitalization of $8.62 billion, a P/E ratio of 18.59, a P/E/G ratio of 1.13 and a beta of 1.61. 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 issued its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing analysts' consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. Sell-side 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 business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.16 per share. The ex-dividend date was Friday, February 28th. This represents a $0.64 annualized dividend and a yield of 0.58%. Advanced Drainage Systems's payout ratio is currently 10.70%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on WMS shares. StockNews.com upgraded Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Wednesday, March 5th. Barclays decreased 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, February 7th. Stephens reiterated an "equal weight" rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a report 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 on the stock in a report on Wednesday, January 8th. Finally, Loop Capital cut 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, February 7th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Advanced Drainage Systems presently has a consensus rating of "Moderate Buy" and an average target price of $164.25.

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.