Proficio Capital Partners LLC Invests $1.98 Million in Advanced Drainage Systems, Inc. (NYSE:WMS)

Proficio Capital Partners LLC acquired a new position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 17,135 shares of the construction company's stock, valued at approximately $1,981,000.

Several other institutional investors and hedge funds have also made changes to their positions in WMS. Impax Asset Management Group plc boosted its position in shares of Advanced Drainage Systems by 34.6% in the 4th quarter. Impax Asset Management Group plc now owns 2,530,000 shares of the construction company's stock worth $291,723,000 after buying an additional 650,052 shares in the last quarter. State Street Corp boosted its position in shares of Advanced Drainage Systems by 8.8% in the 3rd quarter. State Street Corp now owns 2,541,688 shares of the construction company's stock worth $399,452,000 after buying an additional 206,105 shares in the last quarter. Fernbridge Capital Management LP boosted its position 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 worth $39,848,000 after buying an additional 131,781 shares in the last quarter. KBC Group NV boosted its position in shares of Advanced Drainage Systems by 21.2% in the 4th quarter. KBC Group NV now owns 738,749 shares of the construction company's stock worth $85,399,000 after buying an additional 129,252 shares in the last quarter. Finally, Swedbank AB boosted its position in shares of Advanced Drainage Systems by 5.8% in the 3rd quarter. Swedbank AB now owns 1,384,276 shares of the construction company's stock worth $217,553,000 after buying an additional 75,455 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

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Advanced Drainage Systems Trading Down 1.2 %

Shares of NYSE WMS traded down $1.33 on Friday, reaching $108.33. 1,844,493 shares of the company traded hands, compared to its average volume of 540,927. Advanced Drainage Systems, Inc. has a fifty-two week low of $101.90 and a fifty-two week high of $184.27. The company has a 50 day moving average of $118.00 and a 200 day moving average of $131.32. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $8.40 billion, a PE ratio of 18.12, a P/E/G ratio of 1.13 and a beta of 1.61.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 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, equities research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, February 28th. Advanced Drainage Systems's payout ratio is currently 10.70%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research report on Wednesday, March 5th. Barclays cut their target price on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating for the company in a research note on Friday, February 7th. UBS Group raised shares of Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 target price for the company in a research note on Wednesday, January 8th. Stephens reissued an "equal weight" rating and issued a $135.00 target price on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Finally, Loop Capital cut their target price on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $164.25.

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.