Intech Investment Management LLC Makes New $564,000 Investment in Advanced Drainage Systems, Inc. (NYSE:WMS)

Intech Investment Management LLC bought a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 4,879 shares of the construction company's stock, valued at approximately $564,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Millburn Ridgefield Corp lifted its position in shares of Advanced Drainage Systems by 642.4% during the third quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company's stock worth $77,000 after purchasing an additional 424 shares in the last quarter. UMB Bank n.a. lifted its holdings in Advanced Drainage Systems by 12.7% during the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock worth $90,000 after buying an additional 88 shares in the last quarter. Spire Wealth Management acquired a new position in shares of Advanced Drainage Systems in the fourth quarter worth $94,000. First Horizon Advisors Inc. grew its stake in shares of Advanced Drainage Systems by 18.3% in the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock worth $102,000 after acquiring an additional 137 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Advanced Drainage Systems by 12.0% in the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock valued at $116,000 after acquiring an additional 108 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

WMS has been the subject of several analyst reports. UBS Group upgraded Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price target on the stock in a report on Wednesday, January 8th. Barclays dropped their price objective on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating on the stock in a research note on Friday, February 7th. StockNews.com upgraded shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. Stephens reissued an "equal weight" rating and issued a $135.00 price target on shares of Advanced Drainage Systems in a report on Friday, February 7th. Finally, Loop Capital lowered their price target 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. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Advanced Drainage Systems currently has a consensus rating of "Moderate Buy" and an average price target of $164.25.

Advanced Drainage Systems Price Performance

NYSE:WMS traded up $0.06 during mid-day trading on Tuesday, hitting $111.15. 381,133 shares of the company's stock traded hands, compared to its average volume of 542,140. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. The company has a market cap of $8.62 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. The firm's 50 day simple moving average is $117.92 and its 200 day simple moving average is $131.03. 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 issued its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing analysts' consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. Sell-side analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, February 28th. Advanced Drainage Systems's payout ratio is currently 10.70%.

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.