Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Acquired by Creative Planning

Creative Planning grew its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 149.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,710 shares of the construction company's stock after purchasing an additional 7,009 shares during the period. Creative Planning's holdings in Advanced Drainage Systems were worth $1,840,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of WMS. Park Avenue Securities LLC acquired a new position in Advanced Drainage Systems during the 1st quarter worth about $224,000. State of Michigan Retirement System lifted its stake in Advanced Drainage Systems by 2.4% during the 1st quarter. State of Michigan Retirement System now owns 16,800 shares of the construction company's stock worth $2,894,000 after acquiring an additional 400 shares in the last quarter. Norden Group LLC acquired a new position in Advanced Drainage Systems during the 1st quarter worth about $353,000. Marshall Financial Group LLC lifted its stake in Advanced Drainage Systems by 8.3% during the 1st quarter. Marshall Financial Group LLC now owns 7,129 shares of the construction company's stock worth $1,228,000 after acquiring an additional 544 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in Advanced Drainage Systems by 12.9% during the 1st quarter. Commonwealth Equity Services LLC now owns 11,915 shares of the construction company's stock worth $2,052,000 after purchasing an additional 1,360 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

Advanced Drainage Systems Stock Performance

NYSE:WMS traded up $1.08 during mid-day trading on Tuesday, reaching $151.63. 417,341 shares of the stock were exchanged, compared to its average volume of 487,781. The company has a 50 day simple moving average of $152.62 and a 200-day simple moving average of $160.20. The stock has a market capitalization of $11.75 billion, a P/E ratio of 23.92, a P/E/G ratio of 1.27 and a beta of 1.53. The company has a quick ratio of 1.90, a current ratio of 2.89 and a debt-to-equity ratio of 1.04. Advanced Drainage Systems, Inc. has a 1 year low of $104.16 and a 1 year high of $184.27.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The construction company reported $2.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.98 by $0.08. Advanced Drainage Systems had a return on equity of 43.60% and a net margin of 17.09%. The company had revenue of $815.34 million during the quarter, compared to analysts' expectations of $828.00 million. Analysts anticipate that Advanced Drainage Systems, Inc. will post 6.95 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.64 dividend on an annualized basis and a yield of 0.42%. Advanced Drainage Systems's payout ratio is 10.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on WMS shares. Robert W. Baird cut their price target on Advanced Drainage Systems from $200.00 to $187.00 and set an "outperform" rating on the stock in a report on Friday, August 9th. Barclays dropped their price objective on Advanced Drainage Systems from $202.00 to $194.00 and set an "overweight" rating on the stock in a report on Friday, August 9th. StockNews.com downgraded Advanced Drainage Systems from a "buy" rating to a "hold" rating in a report on Wednesday, July 17th. Loop Capital dropped their price objective on Advanced Drainage Systems from $188.00 to $180.00 and set a "buy" rating on the stock in a report on Monday, August 12th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $192.00 price objective on shares of Advanced Drainage Systems in a report on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $190.14.

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.