10,860 Shares in Advanced Drainage Systems, Inc. (NYSE:WMS) Acquired by Entropy Technologies LP

Entropy Technologies LP acquired a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 10,860 shares of the construction company's stock, valued at approximately $1,707,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Swedbank AB purchased a new stake in Advanced Drainage Systems during the first quarter valued at about $220,853,000. Vanguard Group Inc. increased its stake in Advanced Drainage Systems by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 7,265,169 shares of the construction company's stock worth $1,251,353,000 after purchasing an additional 395,099 shares during the period. Boston Partners lifted its position in Advanced Drainage Systems by 16.9% in the first quarter. Boston Partners now owns 1,519,118 shares of the construction company's stock valued at $261,609,000 after purchasing an additional 219,629 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Advanced Drainage Systems by 136.2% during the second quarter. Millennium Management LLC now owns 312,393 shares of the construction company's stock valued at $50,105,000 after purchasing an additional 180,154 shares during the period. Finally, Lazard Freres Gestion S.A.S. purchased a new position in shares of Advanced Drainage Systems in the second quarter worth $28,870,000. Institutional investors own 89.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WMS. Stephens reissued an "equal weight" rating and issued a $135.00 price target (down previously from $170.00) on shares of Advanced Drainage Systems in a report on Wednesday. Barclays dropped their price target on Advanced Drainage Systems from $194.00 to $172.00 and set an "overweight" rating for the company in a research note on Monday. Oppenheimer decreased their price objective 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. KeyCorp cut their target price 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. Finally, StockNews.com lowered shares of Advanced Drainage Systems from a "buy" rating to a "hold" rating in a report on Wednesday, July 17th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $170.29.

Advanced Drainage Systems Stock Performance

Shares of Advanced Drainage Systems stock traded up $1.91 during trading on Wednesday, hitting $132.88. 498,182 shares of the company's stock traded hands, compared to its average volume of 500,240. The business has a 50-day simple moving average of $150.84 and a 200-day simple moving average of $159.35. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.19 and a quick ratio of 2.15. The stock has a market capitalization of $10.30 billion, a P/E ratio of 21.01, a PEG ratio of 1.19 and a beta of 1.53. Advanced Drainage Systems, Inc. has a 1 year low of $116.98 and a 1 year high of $184.27.

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

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.16 per share. 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 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.