Holocene Advisors LP Takes $3.34 Million Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Holocene Advisors LP bought a new stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,263 shares of the construction company's stock, valued at approximately $3,342,000.

Other hedge funds have also bought and sold shares of the company. Benjamin Edwards Inc. bought a new position in shares of Advanced Drainage Systems in the third quarter worth about $259,000. Atom Investors LP raised its stake in Advanced Drainage Systems by 169.9% during the 3rd quarter. Atom Investors LP now owns 20,125 shares of the construction company's stock worth $3,163,000 after acquiring an additional 12,669 shares during the period. Verition Fund Management LLC purchased a new position in Advanced Drainage Systems during the third quarter valued at approximately $6,544,000. Isthmus Partners LLC lifted its holdings in Advanced Drainage Systems by 15.3% during the third quarter. Isthmus Partners LLC now owns 2,572 shares of the construction company's stock valued at $404,000 after purchasing an additional 342 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Advanced Drainage Systems by 3.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 97,348 shares of the construction company's stock worth $15,299,000 after purchasing an additional 3,185 shares during the period. Institutional investors own 89.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WMS. Loop Capital lowered their target price on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a "buy" rating on the stock in a research note on Monday, November 11th. KeyCorp lowered their price objective on 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 target price 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 lowered their target price on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating on the stock in a report on Monday, November 11th. Finally, Oppenheimer cut 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 research note 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $170.29.

Advanced Drainage Systems Price Performance

Shares of NYSE WMS traded up $1.14 during midday trading on Friday, reaching $129.88. 720,541 shares of the stock traded hands, compared to its average volume of 512,751. The company's 50 day moving average is $145.47 and its 200 day moving average is $155.20. Advanced Drainage Systems, Inc. has a one year low of $122.61 and a one year 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 stock has a market capitalization of $10.07 billion, a PE ratio of 20.63, a P/E/G ratio of 1.19 and a beta of 1.48.

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 analysts' consensus estimates of $1.93 by ($0.23). The business had revenue of $782.60 million during the quarter, compared to analysts' expectations 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 quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the business earned $1.71 earnings per share. On average, equities research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.5 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. Stockholders of record on Monday, December 2nd will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Monday, December 2nd. Advanced Drainage Systems's payout ratio is 10.19%.

Advanced Drainage Systems 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.