Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Acquired by Geneva Capital Management LLC

Geneva Capital Management LLC boosted its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 213,650 shares of the construction company's stock after purchasing an additional 11,522 shares during the period. Geneva Capital Management LLC owned approximately 0.28% of Advanced Drainage Systems worth $24,698,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. State Street Corp raised its position in shares of Advanced Drainage Systems by 8.8% in the 3rd quarter. State Street Corp now owns 2,541,688 shares of the construction company's stock worth $399,452,000 after buying an additional 206,105 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Advanced Drainage Systems by 50.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 96,764 shares of the construction company's stock worth $11,186,000 after purchasing an additional 32,418 shares during the period. Zacks Investment Management acquired a new position in shares of Advanced Drainage Systems in the 3rd quarter valued at about $2,694,000. Advantage Alpha Capital Partners LP acquired a new position in shares of Advanced Drainage Systems in the 3rd quarter valued at about $8,540,000. Finally, Swedbank AB grew its holdings in shares of Advanced Drainage Systems by 5.8% during the 3rd quarter. Swedbank AB now owns 1,384,276 shares of the construction company's stock worth $217,553,000 after purchasing an additional 75,455 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

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Advanced Drainage Systems Stock Down 0.7 %

WMS stock traded down $0.83 during trading on Monday, reaching $114.04. The stock had a trading volume of 1,081,650 shares, compared to its average volume of 536,225. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. The firm has a fifty day moving average price of $119.00 and a 200 day moving average price of $134.50. The company has a market capitalization of $8.85 billion, a P/E ratio of 19.07, a PEG ratio of 1.13 and a beta of 1.61. Advanced Drainage Systems, Inc. has a 1-year low of $101.90 and a 1-year high of $184.27.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. On average, equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Friday, February 28th. Advanced Drainage Systems's payout ratio is currently 10.70%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on WMS shares. Stephens reaffirmed an "equal weight" rating and set a $135.00 price target on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Loop Capital cut their target price on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Oppenheimer decreased their price target on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating for the company in a research report on Monday, November 11th. Barclays cut their price objective on Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating on the stock in a research report on Friday, February 7th. Finally, UBS Group upgraded Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price objective on the stock in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $164.25.

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.