Rik Saylor Financial Inc. Takes $2.94 Million Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Rik Saylor Financial Inc. bought a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 25,469 shares of the construction company's stock, valued at approximately $2,944,000. Advanced Drainage Systems makes up 2.7% of Rik Saylor Financial Inc.'s portfolio, making the stock its 9th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Huntington National Bank raised its position in shares of Advanced Drainage Systems by 123.1% during the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company's stock valued at $61,000 after buying an additional 213 shares during the period. Millburn Ridgefield Corp grew its stake in shares of 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 in the last quarter. CWM LLC raised its position in Advanced Drainage Systems by 18.1% in the 3rd quarter. CWM LLC now owns 555 shares of the construction company's stock valued at $87,000 after purchasing an additional 85 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Advanced Drainage Systems by 12.7% during 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 last quarter. Finally, Spire Wealth Management purchased a new position in shares of Advanced Drainage Systems in the 4th quarter valued at about $94,000. Institutional investors and hedge funds own 89.83% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Loop Capital reduced 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. Robert W. Baird decreased their price target on 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. Oppenheimer reduced their price target on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating for the company in a research report on Monday, November 11th. UBS Group upgraded 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 report on Wednesday, January 8th. Finally, Stephens reaffirmed an "equal weight" rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a research note on Friday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.25.

Advanced Drainage Systems Price Performance

Shares of Advanced Drainage Systems stock traded up $4.77 during trading on Monday, hitting $125.20. The stock had a trading volume of 1,084,376 shares, compared to its average volume of 637,996. The business has a fifty day moving average of $121.34 and a two-hundred day moving average of $139.97. Advanced Drainage Systems, Inc. has a fifty-two week low of $110.75 and a fifty-two week high of $184.27. The firm has a market cap of $9.71 billion, a P/E ratio of 20.94, a PEG ratio of 1.13 and a beta of 1.52. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 2.15.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced 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, sell-side analysts expect that Advanced Drainage Systems, Inc. will post 6.12 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.51%. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 10.70%.

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.