Dai ichi Life Insurance Company Ltd Buys 13,165 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Dai ichi Life Insurance Company Ltd boosted its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 180.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,465 shares of the construction company's stock after purchasing an additional 13,165 shares during the quarter. Dai ichi Life Insurance Company Ltd's holdings in Advanced Drainage Systems were worth $3,216,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in shares of Advanced Drainage Systems by 20.3% in the 3rd quarter. Bank of Montreal Can now owns 74,568 shares of the construction company's stock valued at $11,953,000 after acquiring an additional 12,559 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in Advanced Drainage Systems by 33.6% in the third quarter. Brown Brothers Harriman & Co. now owns 271,814 shares of the construction company's stock valued at $42,718,000 after purchasing an additional 68,390 shares in the last quarter. Independent Advisor Alliance acquired a new position in shares of Advanced Drainage Systems during the third quarter valued at about $939,000. Alpha DNA Investment Management LLC boosted its position in shares of Advanced Drainage Systems by 13.0% during the 3rd quarter. Alpha DNA Investment Management LLC now owns 2,839 shares of the construction company's stock worth $446,000 after purchasing an additional 326 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Advanced Drainage Systems by 4.3% during the 3rd quarter. Cerity Partners LLC now owns 28,432 shares of the construction company's stock worth $4,468,000 after purchasing an additional 1,160 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Up 1.2 %

Advanced Drainage Systems stock traded up $1.62 during midday trading on Wednesday, hitting $133.27. 653,866 shares of the stock were exchanged, compared to its average volume of 507,844. Advanced Drainage Systems, Inc. has a 52-week low of $119.25 and a 52-week high of $184.27. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.97. The business's 50-day moving average price is $148.30 and its 200-day moving average price is $156.93. The stock has a market capitalization of $10.33 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 1.22 and a beta of 1.53.

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

Advanced Drainage Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Monday, December 2nd. Advanced Drainage Systems's dividend payout ratio is presently 10.19%.

Analysts Set New Price Targets

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

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.