Daiwa Securities Group Inc. Decreases Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Daiwa Securities Group Inc. cut its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 19.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,030 shares of the construction company's stock after selling 4,400 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Advanced Drainage Systems were worth $2,834,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of WMS. Blue Trust Inc. increased its holdings in shares of Advanced Drainage Systems by 1,472.7% in the second quarter. Blue Trust Inc. now owns 173 shares of the construction company's stock worth $30,000 after buying an additional 162 shares during the period. West Oak Capital LLC lifted its position in Advanced Drainage Systems by 133.3% in the second quarter. West Oak Capital LLC now owns 175 shares of the construction company's stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of Advanced Drainage Systems during the second quarter valued at approximately $45,000. Huntington National Bank boosted its stake in shares of Advanced Drainage Systems by 123.1% during the third quarter. Huntington National Bank now owns 386 shares of the construction company's stock valued at $61,000 after purchasing an additional 213 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Advanced Drainage Systems by 65.2% in the second quarter. GAMMA Investing LLC now owns 451 shares of the construction company's stock worth $72,000 after purchasing an additional 178 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WMS has been the subject of several analyst reports. KeyCorp dropped their price target on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. Loop Capital dropped their target price on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a "buy" rating for the company in a report on Monday, November 11th. Stephens reaffirmed an "equal weight" rating and set a $135.00 price target (down previously from $170.00) on shares of Advanced Drainage Systems in a research report on Wednesday, November 13th. Barclays cut their price objective on Advanced Drainage Systems from $194.00 to $172.00 and set an "overweight" rating on the stock in a research report on Monday, November 11th. Finally, Robert W. Baird decreased their target price 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. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Advanced Drainage Systems presently has a consensus rating of "Moderate Buy" and an average target price of $170.29.

Advanced Drainage Systems Stock Up 1.2 %

Shares of NYSE WMS traded up $1.58 during mid-day trading on Thursday, hitting $133.23. 654,324 shares of the stock traded hands, compared to its average volume of 710,256. The company has a market cap of $10.33 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.19 and a beta of 1.53. The stock has a fifty day moving average price of $147.98 and a 200-day moving average price of $156.76. Advanced Drainage Systems, Inc. has a 52 week low of $119.25 and a 52 week high of $184.27. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.15 and a current ratio of 3.19.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share (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 during the quarter, compared to the consensus estimate of $819.41 million. During the same quarter in the previous year, the business earned $1.71 earnings per share. The firm's revenue was up .3% compared to the same quarter last year. Research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.5 EPS for the current year.

Advanced Drainage Systems Announces Dividend

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

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.