Vision Capital Management Inc. Has $2.89 Million Stake in Advanced Drainage Systems, Inc. (NYSE:WMS)

Vision Capital Management Inc. raised its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 118.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 24,981 shares of the construction company's stock after buying an additional 13,554 shares during the quarter. Vision Capital Management Inc.'s holdings in Advanced Drainage Systems were worth $2,888,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp increased its holdings in shares of Advanced Drainage Systems by 8.8% during the third quarter. State Street Corp now owns 2,541,688 shares of the construction company's stock valued at $399,452,000 after purchasing an additional 206,105 shares during the period. Fernbridge Capital Management LP increased its stake in Advanced Drainage Systems by 108.2% during the 3rd quarter. Fernbridge Capital Management LP now owns 253,549 shares of the construction company's stock valued at $39,848,000 after buying an additional 131,781 shares during the period. KBC Group NV raised its position in shares of Advanced Drainage Systems by 21.2% during 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. abrdn plc raised its position in shares of Advanced Drainage Systems by 28.5% during the 3rd quarter. abrdn plc now owns 579,485 shares of the construction company's stock worth $91,683,000 after buying an additional 128,539 shares in the last quarter. Finally, Swedbank AB lifted its stake 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 acquiring an additional 75,455 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Ratings Changes

WMS has been the subject of a number of research analyst reports. Oppenheimer cut their target price on 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. Loop Capital decreased their target price on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday. Barclays dropped their price target 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. KeyCorp reduced their price objective on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. Finally, 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. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $164.25.

Advanced Drainage Systems Trading Up 2.3 %

Advanced Drainage Systems stock traded up $2.73 during midday trading on Friday, reaching $120.41. The stock had a trading volume of 890,142 shares, compared to its average volume of 625,674. The firm's fifty day simple moving average is $121.34 and its two-hundred day simple moving average is $140.13. 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, Inc. has a twelve month low of $110.75 and a twelve month high of $184.27. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 1.13 and a beta of 1.52.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. Equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.12 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 dividend on an annualized basis and a yield of 0.53%. Advanced Drainage Systems's payout ratio is 10.70%.

Advanced Drainage Systems 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.