Raymond James Financial Inc. Takes $2.03 Million Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Raymond James Financial Inc. acquired a new position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,520 shares of the construction company's stock, valued at approximately $2,025,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Millburn Ridgefield Corp raised its position in Advanced Drainage Systems by 642.4% in the third quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company's stock worth $77,000 after acquiring an additional 424 shares during the period. UMB Bank n.a. raised its holdings in Advanced Drainage Systems by 12.7% in the 4th 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 position in Advanced Drainage Systems in the 4th quarter worth $94,000. First Horizon Advisors Inc. grew its holdings in Advanced Drainage Systems by 18.3% during the fourth 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. Finally, Blue Trust Inc. increased its position in Advanced Drainage Systems by 12.0% in the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock worth $116,000 after buying an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft began coverage on Advanced Drainage Systems in a research note on Tuesday. They set a "buy" rating and a $134.00 price objective for the company. Loop Capital dropped their price target on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Barclays decreased their price objective on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating on the stock in a research report on Friday, February 7th. StockNews.com downgraded shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a report on Tuesday. Finally, Stephens reissued an "equal weight" rating and set a $135.00 price target on shares of Advanced Drainage Systems in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $160.89.

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Advanced Drainage Systems Price Performance

WMS stock traded down $6.84 during mid-day trading on Thursday, hitting $103.15. The company had a trading volume of 1,052,783 shares, compared to its average volume of 562,557. The company has a market capitalization of $8.00 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 1.13 and a beta of 1.61. The company has a 50-day moving average price of $115.51 and a 200 day moving average price of $129.32. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. Advanced Drainage Systems, Inc. has a 12-month low of $101.59 and a 12-month high of $184.27.

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

Advanced Drainage Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.16 per share. The ex-dividend date was Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.62%. Advanced Drainage Systems's dividend payout ratio is currently 10.70%.

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.