Duff & Phelps Investment Management Co. Purchases 33,754 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Duff & Phelps Investment Management Co. lifted its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 28.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 152,954 shares of the construction company's stock after acquiring an additional 33,754 shares during the period. Duff & Phelps Investment Management Co. owned approximately 0.20% of Advanced Drainage Systems worth $24,038,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of WMS. CIBC Asset Management Inc grew its position in shares of Advanced Drainage Systems by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company's stock worth $357,000 after purchasing an additional 79 shares in the last quarter. CWM LLC grew its holdings in shares of Advanced Drainage Systems by 18.1% during the 3rd quarter. CWM LLC now owns 555 shares of the construction company's stock worth $87,000 after purchasing an additional 85 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Advanced Drainage Systems by 10.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the construction company's stock worth $164,000 after buying an additional 95 shares in the last quarter. West Oak Capital LLC increased its holdings in Advanced Drainage Systems by 133.3% in the 2nd quarter. West Oak Capital LLC now owns 175 shares of the construction company's stock valued at $28,000 after buying an additional 100 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of Advanced Drainage Systems by 4.8% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company's stock valued at $379,000 after buying an additional 111 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Advanced Drainage Systems Trading Up 0.5 %

NYSE:WMS traded up $0.62 during mid-day trading on Monday, hitting $130.50. 562,117 shares of the company's stock were exchanged, compared to its average volume of 512,961. Advanced Drainage Systems, Inc. has a fifty-two week low of $123.94 and a fifty-two week high of $184.27. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $10.12 billion, a P/E ratio of 20.78, a PEG ratio of 1.25 and a beta of 1.48. The company has a 50 day simple moving average of $144.86 and a 200-day simple moving average of $154.54.

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 analysts' consensus estimates of $1.93 by ($0.23). The business had revenue of $782.60 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the firm posted $1.71 EPS. As a group, research analysts expect that Advanced Drainage Systems, Inc. will post 6.12 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently disclosed 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. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, December 2nd. Advanced Drainage Systems's dividend payout ratio is currently 10.19%.

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.