MIG Capital LLC Sells 50,042 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

MIG Capital LLC decreased its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 23.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 158,954 shares of the construction company's stock after selling 50,042 shares during the quarter. Advanced Drainage Systems makes up approximately 3.0% of MIG Capital LLC's portfolio, making the stock its 15th largest holding. MIG Capital LLC owned 0.21% of Advanced Drainage Systems worth $24,981,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of WMS. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Advanced Drainage Systems by 3.4% during the 3rd 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 last quarter. MetLife Investment Management LLC grew its stake in shares of Advanced Drainage Systems by 1.7% in the 3rd quarter. MetLife Investment Management LLC now owns 37,662 shares of the construction company's stock valued at $5,919,000 after purchasing an additional 646 shares during the period. Fernbridge Capital Management LP boosted its stake in shares of Advanced Drainage Systems by 108.2% in the 3rd quarter. Fernbridge Capital Management LP now owns 253,549 shares of the construction company's stock valued at $39,848,000 after purchasing an additional 131,781 shares in the last quarter. Townsquare Capital LLC grew its stake in Advanced Drainage Systems by 5.1% during the third quarter. Townsquare Capital LLC now owns 5,213 shares of the construction company's stock worth $819,000 after buying an additional 255 shares during the last quarter. Finally, Thematics Asset Management raised its position in Advanced Drainage Systems by 4.5% in the 3rd quarter. Thematics Asset Management now owns 93,500 shares of the construction company's stock valued at $14,694,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Trading Up 1.2 %

NYSE WMS traded up $1.58 during trading on Thursday, reaching $133.23. 654,324 shares of the stock traded hands, compared to its average volume of 710,256. Advanced Drainage Systems, Inc. has a fifty-two week low of $119.25 and a fifty-two week high of $184.27. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.97. The firm has a market cap of $10.33 billion, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 1.19 and a beta of 1.53. The stock's 50-day moving average price is $147.98 and its 200 day moving average price is $156.76.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly 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). The firm had revenue of $782.60 million during the quarter, compared to analyst estimates of $819.41 million. Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. Advanced Drainage Systems's quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the firm earned $1.71 EPS. Analysts predict that Advanced Drainage Systems, Inc. will post 6.5 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Monday, December 2nd. Advanced Drainage Systems's dividend payout ratio is currently 10.19%.

Wall Street Analysts Forecast Growth

WMS has been the topic of a number of research analyst reports. Loop Capital decreased their price objective on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a "buy" rating on the stock in a report on Monday, November 11th. Oppenheimer decreased their price target on Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating on the stock in a report on Monday, November 11th. Barclays dropped their price objective on Advanced Drainage Systems from $194.00 to $172.00 and set an "overweight" rating for the company in a report on Monday, November 11th. Robert W. Baird lowered their price target on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating for the company in a research report on Monday, November 11th. Finally, Stephens restated an "equal weight" rating and issued a $135.00 price objective (down from $170.00) on shares of Advanced Drainage Systems in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Advanced Drainage Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $170.29.

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.