MIG Capital LLC Acquires 72,863 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

MIG Capital LLC boosted its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 45.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 231,817 shares of the construction company's stock after buying an additional 72,863 shares during the period. Advanced Drainage Systems makes up 2.8% of MIG Capital LLC's holdings, making the stock its 18th biggest holding. MIG Capital LLC owned about 0.30% of Advanced Drainage Systems worth $26,798,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. UMB Bank n.a. grew its holdings in Advanced Drainage Systems by 12.7% in the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock worth $90,000 after purchasing an additional 88 shares during the period. Spire Wealth Management bought a new stake in shares of Advanced Drainage Systems during the fourth quarter valued at approximately $94,000. First Horizon Advisors Inc. grew its position 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 during the period. Blue Trust Inc. grew its position in Advanced Drainage Systems by 12.0% in the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock valued at $116,000 after purchasing an additional 108 shares during the period. Finally, Headlands Technologies LLC increased its stake in Advanced Drainage Systems by 1,298.6% during the 4th quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company's stock valued at $118,000 after purchasing an additional 948 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Remove Ads

Advanced Drainage Systems Stock Performance

Shares of Advanced Drainage Systems stock traded up $1.58 during trading hours on Friday, hitting $104.98. 196,558 shares of the company's stock traded hands, compared to its average volume of 571,828. The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 1.13 and a beta of 1.48. Advanced Drainage Systems, Inc. has a 12-month low of $93.92 and a 12-month high of $184.27. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98. The company has a fifty day simple moving average of $112.54 and a 200-day simple moving average of $126.91.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings data 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 return on equity of 35.79% and a net margin of 15.90%. Equities research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.61%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems's dividend payout ratio (DPR) is 10.70%.

Analyst Upgrades and Downgrades

WMS has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Advanced Drainage Systems in a report on Tuesday, April 1st. They set a "buy" rating and a $134.00 price objective for the company. Stephens reissued an "equal weight" rating and issued a $135.00 price objective on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Loop Capital cut their target price on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. StockNews.com lowered Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research report on Tuesday, April 1st. Finally, KeyCorp cut their price objective on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Advanced Drainage Systems currently has an average rating of "Moderate Buy" and an average price target of $153.78.

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.