Geneva Capital Management LLC Purchases 5,617 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Geneva Capital Management LLC lifted its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 2.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 202,128 shares of the construction company's stock after buying an additional 5,617 shares during the quarter. Geneva Capital Management LLC owned approximately 0.26% of Advanced Drainage Systems worth $31,766,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Advanced Drainage Systems by 319.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company's stock worth $26,000 after acquiring an additional 115 shares in the last quarter. West Oak Capital LLC raised its stake in Advanced Drainage Systems by 133.3% during 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 in the last quarter. Blue Trust Inc. lifted its position in Advanced Drainage Systems by 1,472.7% during the second quarter. Blue Trust Inc. now owns 173 shares of the construction company's stock valued at $30,000 after purchasing an additional 162 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of Advanced Drainage Systems in the 2nd quarter worth $45,000. Finally, GAMMA Investing LLC increased its holdings in shares of Advanced Drainage Systems by 65.2% in the 2nd quarter. GAMMA Investing LLC now owns 451 shares of the construction company's stock worth $72,000 after buying an additional 178 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

Wall Street Analysts Forecast Growth

WMS has been the topic of a number of recent research reports. Oppenheimer decreased their price objective on Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating on the stock in a research report on Monday. Loop Capital dropped their price objective on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a "buy" rating for the company in a research note on Monday. KeyCorp reduced 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. Robert W. Baird lowered their target price on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating for the company in a report on Monday. Finally, StockNews.com downgraded 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.com, Advanced Drainage Systems currently has an average rating of "Moderate Buy" and an average price target of $170.29.

Advanced Drainage Systems Stock Up 1.5 %

Shares of WMS stock traded up $1.91 during mid-day trading on Wednesday, hitting $132.88. The stock had a trading volume of 438,463 shares, compared to its average volume of 499,969. Advanced Drainage Systems, Inc. has a 12-month low of $116.98 and a 12-month high of $184.27. 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 firm's 50-day moving average is $150.84 and its two-hundred day moving average is $159.35. The firm has a market capitalization of $10.30 billion, a P/E ratio of 21.01, a price-to-earnings-growth ratio of 1.19 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its 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 for the quarter, compared to the consensus estimate of $819.41 million. During the same quarter in the previous year, the company earned $1.71 earnings per share. The firm's revenue was up .3% on a year-over-year basis. On average, analysts predict that Advanced Drainage Systems, Inc. will post 6.5 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm 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 yield of 0.48%. The ex-dividend date of this dividend is Monday, December 2nd. Advanced Drainage Systems's dividend payout ratio (DPR) is 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.