Atom Investors LP Has $3.16 Million Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Atom Investors LP lifted its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 169.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,125 shares of the construction company's stock after buying an additional 12,669 shares during the period. Atom Investors LP's holdings in Advanced Drainage Systems were worth $3,163,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. West Oak Capital LLC grew its stake in Advanced Drainage Systems by 133.3% during the second quarter. West Oak Capital LLC now owns 175 shares of the construction company's stock worth $28,000 after buying an additional 100 shares during the last quarter. Blue Trust Inc. grew its position in Advanced Drainage Systems by 1,472.7% during the 2nd quarter. Blue Trust Inc. now owns 173 shares of the construction company's stock worth $30,000 after acquiring an additional 162 shares during the last quarter. National Bank of Canada FI acquired a new stake in Advanced Drainage Systems during the 2nd quarter valued at $45,000. Huntington National Bank increased its holdings in Advanced Drainage Systems by 123.1% during the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company's stock valued at $61,000 after purchasing an additional 213 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Advanced Drainage Systems by 65.2% in the 2nd quarter. GAMMA Investing LLC now owns 451 shares of the construction company's stock valued at $72,000 after purchasing an additional 178 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WMS. Oppenheimer dropped their target price on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating for the company in a research note on Monday, November 11th. Loop Capital lowered their price target on Advanced Drainage Systems from $180.00 to $170.00 and set a "buy" rating for the company in a research note on Monday, November 11th. Barclays reduced their target price on Advanced Drainage Systems from $194.00 to $172.00 and set an "overweight" rating on the stock in a report on Monday, November 11th. Robert W. Baird lowered their price target on Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating for the company in a report on Monday, November 11th. Finally, KeyCorp cut their price objective on Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating on the stock in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $170.29.

Advanced Drainage Systems Stock Down 1.0 %

Shares of WMS stock traded down $1.29 on Monday, hitting $134.00. 477,192 shares of the stock were exchanged, compared to its average volume of 507,453. The business has a 50-day moving average of $147.19 and a 200 day moving average of $156.09. Advanced Drainage Systems, Inc. has a fifty-two week low of $122.61 and a fifty-two week high of $184.27. The firm has a market capitalization of $10.39 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 1.22 and a beta of 1.48. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.97.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.23). Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. The business had revenue of $782.60 million for the quarter, compared to the consensus estimate of $819.41 million. During the same period last year, the firm earned $1.71 earnings per share. The company's quarterly revenue was up .3% compared to the same quarter last year. Equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.5 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.16 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 0.48%. Advanced Drainage Systems's dividend payout ratio (DPR) is currently 10.19%.

Advanced Drainage Systems 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.