8,037 Shares in Advanced Drainage Systems, Inc. (NYSE:WMS) Purchased by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 8,037 shares of the construction company's stock, valued at approximately $1,263,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Cetera Investment Advisers grew its position in shares of Advanced Drainage Systems by 135.6% in the 1st quarter. Cetera Investment Advisers now owns 15,216 shares of the construction company's stock valued at $2,621,000 after buying an additional 8,757 shares during the last quarter. Cetera Advisors LLC boosted its holdings in Advanced Drainage Systems by 75.7% in the first quarter. Cetera Advisors LLC now owns 3,887 shares of the construction company's stock valued at $669,000 after acquiring an additional 1,675 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in Advanced Drainage Systems by 3.1% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 21,317 shares of the construction company's stock valued at $3,672,000 after purchasing an additional 640 shares during the period. GAMMA Investing LLC raised its holdings in Advanced Drainage Systems by 65.2% during the 2nd quarter. GAMMA Investing LLC now owns 451 shares of the construction company's stock worth $72,000 after purchasing an additional 178 shares during the last quarter. Finally, First Hawaiian Bank lifted its position in shares of Advanced Drainage Systems by 7.1% in the 2nd quarter. First Hawaiian Bank now owns 4,625 shares of the construction company's stock worth $742,000 after purchasing an additional 305 shares during the period. 89.83% of the stock is owned by institutional investors.

Advanced Drainage Systems Stock Up 1.5 %

NYSE WMS traded up $2.06 during trading hours on Friday, hitting $135.29. The company's stock had a trading volume of 447,558 shares, compared to its average volume of 712,029. The company has a market capitalization of $10.49 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 1.22 and a beta of 1.53. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.97. Advanced Drainage Systems, Inc. has a 52 week low of $119.26 and a 52 week high of $184.27. The company's 50-day simple moving average is $147.19 and its two-hundred day simple moving average is $156.23.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.93 by ($0.23). Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The company had revenue of $782.60 million during the quarter, compared to the consensus estimate of $819.41 million. During the same quarter in the prior year, the business earned $1.71 EPS. The firm's revenue for the quarter was up .3% compared to the same quarter last year. Research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.5 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.64 annualized dividend and a dividend yield of 0.47%. Advanced Drainage Systems's payout ratio is 10.19%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on WMS shares. Oppenheimer lowered their target price on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating for the company in a research note on Monday, November 11th. KeyCorp dropped their price objective on Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating on the stock in a research note on Monday, November 11th. Stephens restated an "equal weight" rating and set a $135.00 price target (down from $170.00) on shares of Advanced Drainage Systems in a report on Wednesday, November 13th. Loop Capital lowered their price objective on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a "buy" rating for the company in a research note on Monday, November 11th. Finally, Robert W. Baird cut their target price on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating on the stock in a research note on Monday, November 11th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.