Jupiter Asset Management Ltd. Increases Stock Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Jupiter Asset Management Ltd. raised its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 22.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 179,585 shares of the construction company's stock after purchasing an additional 32,810 shares during the quarter. Jupiter Asset Management Ltd. owned 0.23% of Advanced Drainage Systems worth $20,760,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Huntington National Bank boosted its holdings in Advanced Drainage Systems by 123.1% in the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company's stock valued at $61,000 after purchasing an additional 213 shares in the last quarter. Millburn Ridgefield Corp boosted its holdings in Advanced Drainage Systems by 642.4% in the 3rd quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company's stock valued at $77,000 after purchasing an additional 424 shares in the last quarter. UMB Bank n.a. boosted its holdings in Advanced Drainage Systems by 12.7% in the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock valued at $90,000 after purchasing an additional 88 shares in the last quarter. Spire Wealth Management purchased a new stake in Advanced Drainage Systems in the 4th quarter valued at approximately $94,000. Finally, First Horizon Advisors Inc. boosted its holdings in Advanced Drainage Systems by 18.3% in the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock valued at $102,000 after purchasing an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on WMS. UBS Group raised Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price target on the stock in a research note on Wednesday, January 8th. StockNews.com raised Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. Loop Capital decreased their price target on 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. Stephens reissued an "equal weight" rating and set a $135.00 price target on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Finally, Barclays decreased their price target on 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. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Advanced Drainage Systems has a consensus rating of "Moderate Buy" and a consensus price target of $164.25.

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Advanced Drainage Systems Price Performance

WMS stock opened at $109.65 on Thursday. Advanced Drainage Systems, Inc. has a 1 year low of $101.90 and a 1 year high of $184.27. 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 stock's 50 day moving average price is $118.75 and its 200 day moving average price is $133.65. The firm has a market cap of $8.51 billion, a P/E ratio of 18.34, a PEG ratio of 1.13 and a beta of 1.61.

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

Advanced Drainage Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be 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 is Friday, February 28th. Advanced Drainage Systems's dividend payout ratio is presently 10.70%.

About Advanced Drainage Systems

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.

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